Silicon Valley Solar gets $10 mln venture round
June 18 - MarketWatch.com - Silicon Valley Solar on Monday said it raised $10.2 million in venture capital in its first round of financing. The Series A funding will be used for the process development, equipment, materials and staffing required to mature the company's Sol-X technology to commercial form. Bessemer Venture Partners led the round. Silicon Valley Solar also closed its acquisition of NuEdison. "We are very enthusiastic about SV Solar's approach to this space," said Justin Label, Cleantech partner for Bessemer Venture Partners. SV Solar is a manufacturer of flat plate internal concentrator solar modules.