Flexible Electronics News

Applied Ventures Extends Investment in MTPV, LLC

Clean energy semiconductor chip company completes $10M Series B financing

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By: DAVID SAVASTANO

Editor, Ink World Magazine

MTPV, a clean energy semiconductor chip company, announced that it raised an additional $3.25 million in the final closing of its series B financing. The funding, provided by Northwater Capital Management, Inc. and a follow-on investment from Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., completes the round that started with a $6.75M closing in August of last year. The initial closing, which was led by pre-existing investor Spinnaker Capital, LLC of Boston, also i...

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