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ACQUIRED COMPANY
 
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Innovalight  Acquired by DuPont (2011 )

965 East Arques Avenue
Sunnyvale, CA 94085
USA
408-419-4400
Website Company Summary Management Team
Board

Outside board: (May no longer be on the board) Paul Vais (Apax Partners General Partner) Alf Bjorseth (Renewable Energy Corporation Former President/CEO) Al Schuele (Sevin Rosen Funds General Partner) Clinton W. Bybee (ARCH Venture Partners Managing Director) Michael Janse (Harris & Harris Group Managing Director) Bradle J Gersich (DLA Piper Partner) Bjørge Gretland (Convexa Capital Managing Partner)
Former outside board: Daniel V. Leff (Harris & Harris Group Managing Director) Patrick Ennis (ARCH Venture Partners Managing Director)
Company

Business description: Innovalight is focused on bringing high efficiency, low-cost solar modules to the marketplace. Enabling this manufacturing paradigm shift is the company’s silicon ink, which has been in development since 2002. Historically, silicon has been processed either as a solid or as a gas. Using liquid based processing Innovalight will dramatically improve the cost and efficiency of today’s solar modules. The Company was recognized as a Technology Pioneer winner at the Annual Meeting of the World Economic Forum held in Davos, Switzerland and was selected by the United States Department of Energy for its 2008 PV Incubator program. The Company has been extensively profiled in Time, CNN, and other major news and industry organizations as a technology leader crusading for new, cleaner energy solutions. Innovalight is a venture capital financed company based in the heart of Silicon Valley.
Capital

Rounds: 5
Recent Fundings: May 2011   Jan 2010
Capital raised: 66.9M
Last Round: 3.4M
Ownership: Acquired by DuPont (2011 )
VCs include: Apax Partners Sevin Rosen Funds Vertex Ventures SVB Capital;  U.S. Department of Energy Arch Venture Partners HarrisAndHarris Group ;  Triton Ventures EDB Investments ;  Convexa Capital Leader Ventures
Corporate investors: Department of Energy

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Overview
Record updated: Jul 2011
Sector: Clean Technology
Rounds: 5
Recent Fundings: May 2011   Jan 2010
Capital Raised: 66.9M
Last Round: 3.4M
Ownership: Acquired by DuPont (2011 )