Soladigm secures new financing from investors

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Published: December 15,2010

Tags: financing, investment, manufacturing

OLIVE BRANCH — Soladigm has secured $30 million in Series C equity financing, and combined with previously announced manufacturing financing and other arrangements from the State of Mississippi will allow Soladigm to build and launch high-volume commercial operations and develop sales and marketing channels.

Soladigm, developer of Dynamic Glass, is based in Milpitas, Calif. Last August, the company announced it was locating a manufacturing facility in Olive Branch.

The Series C equity funding, led by DBL Investors and Nano Dimension, includes GE Energy Financial Services as well as existing investors Khosla Ventures and Sigma Partners. Concurrent with the financing, Cynthia Ringo, managing partner at DBL Investors, joined Soladigm’s Board of Directors.

Last month, GE selected Soladigm as one of 12 business partners for investment and commercial partnerships through its “ecomagination Challenge”, a $200-million challenge for entrepreneurs, innovators and students to share their best ideas on how to build the next-generation power grid. This investment by GE Energy Financial Services is part of that program.

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