Eight19 Raises USD1.7 Million in Venture Financing

Published: Jul 14 2017
Deal Summary

Eight19 Limited, a developer and manufacturer of solar cells based on printed plastic, has raised GBP1.3 million (USD1.68 million) in a venture financing. The financing was provided by new investor Lucros Investment BV, along with the existing investors IP Group plc, Clarium Capital Management, LLC.

In conjunction to the financing, Nick Stokman, investment manager at Lucros Investment will join the Board of Eight19.

The company intends to use the proceeds to accelerate path to profitability of organic photovoltaic business, and develop a new thin-film technology to improve the efficiency of Si photovoltaics.

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