GreenVolts nabs $39 million
GreenVolts Inc. raised $39 million in new financing, according to a regulatory filing with the U.S. Securities and Exchange Commission.
It is unclear who the new backers are from the document, dated on Monday, or how the funds are intended to be used.
The Fremont-based company, which develops concentrating photovoltaic technology, is led by CEO David Gudmundson and moved to Fremont in 2009.
The filling said the offering was not made in connection with a merger, acquisition or exchange offer.
The company most recently raised $30 million in Series B funding from Palo Alto-based Oak Investment Partners in 2008.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.