Oxford Photovoltaics (OPV), a spinout of the eponymous institution, has raised an extra £4.4m to top up its series B to £12.6m ($19m).
The firm, which is developing solar powered stained glass technology, first raised £8.2m in March, receiving support from MTI Partners, Oxford University, Longwall Venture Partners, Parkwalk Advisors, and a number of angels. It also raised money from a number of internationally-based investors, which the firm declined to reveal.
OPV also opted to not disclose the new investors providing the latest £4.4m, only disclosing that the investors were also sourced from outside of the UK. In total, the firm has now secured $29.6m in external funding since founding in 2010.
The company’s solar stained glass product is based on a photovoltaic technology which is a cost effective coating which can be applied to glass in order to generate electricity.
David Smyth, chief financial officer of Oxford PV, said: “I am delighted to have raised this additional investment on top of the impressive round earlier in the year. The company is now well capitalised to take our technology through the next stage of development towards commercial deployment. The solar power market continues to grow more rapidly than expected. Our proprietary technology has the potential to revolutionise this exciting but competitive market and allow Solar to become the future mainstream fuel source for electricity.”
Oxford PV sees further B support
Oct 1, 2015 •
LEADERSHIP SOCIETY
Informing, connecting, and transforming the global corporate venture capital ecosystem.The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.
More featured content
University of Notre Dame tries new, supersized approach to creating spinouts
University of Notre Dame tries new, supersized approach to creating spinouts
A new $35m fund will be managed by external venture studio High Alpha Innovation and will work with the university on creating new startups.
Events
GCV Institute: Landing the Value of Corporate Venturing
May 6 -
May 9, 2024
Online
May 9, 2024
Online
Events
Webinar: CVCs and the art of the follow-on
May 8, 2024
Online
Online
Events
GCV Institute: CVC Investment Programs
May 21 -
May 22, 2024
Online
May 22, 2024
Online
Events
GCV Symposium 2024
Jun 24 -
Jun 26, 2024
London (UK)
Jun 26, 2024
London (UK)
Events
Corporate Venture in Brasil 2024 – International Delegation to Brazil
Oct 28 -
Oct 30, 2024
São Paulo (Brazil)
Oct 30, 2024
São Paulo (Brazil)
Top News
test reg