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Morgan Creek Capital Management, Illinois Emerging Technologies Fund and In-Q-Tel back leading innovator in high concentration PV modules
January 12, 2012
By: DAVID SAVASTANO
Editor, Ink World Magazine
Semprius, Inc., an innovator in high concentration photovoltaic (HCPV) solar modules, recently secured an additional $3 million in its latest round of venture funding. Morgan Creek Capital Management, Illinois Emerging Technologies Fund, a fund managed by IllinoisVENTURES, and In-Q-Tel contributed to the investment round. IllinoisVENTURES and In-Q-Tel are existing shareholders in the company. Proceeds from the new funding will be used to expedite construction of a pilot plant to produce high-...
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