Tech Company Financing Transactions
1366 Technologies Funding Round
1366 Technologies, based in Bedford, received $12 million from North Bridge Venture Partners and Polaris Partners.
Transaction Overview
Company Name
Announced On
3/27/2008
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Series A
Investors
North Bridge Venture Partners (Lead Investor) (Carmichael Roberts)
Polaris Partners (Lead Investor) (Robert Metcalfe)
Proceeds Purpose
1366 Technologies will be combining innovations in silicon cell architecture with manufacturing process improvements to bring multi-crystalline silicon solar cells to cost parity with coal-based electricity.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
6 Preston Ct.
Bedford, MA 01730
USA
Bedford, MA 01730
USA
Phone
Website
Email Address
Overview
Solving Silicon PV's Cost Barrier -- Silicon PV wafers comprise 50% of the cost of a module and limit manufacturers' cell efficiencies due to bulk quality and surface non-uniformities. 1366's one-step Direct Wafer process solves these quality and cost barriers by providing manufacturers with a uniformly better wafer produced for a fraction of the cost.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Frank Van Mierlo
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