Organic-Electronics Startup Plextronics Lands $14M
Posted on August 28, 2009
Filed Under Venture News |
Plextronics, Inc. is a technology startup that specializes in printed solar, lighting and other electronics. Headquartered in Pittsburgh, PA, the company’s focus is on organic solar cell and OLED (Organic Light Emitting Diode) lighting, specifically the conductive inks and process technologies that enable those and other similar applications. Plextronics, Inc. announced that it has completed a $14 million Series B-1 financing round. The round was led by Solvay North American Investments, LLC, a member of the Solvay Group, which is an international chemical and pharmaceutical group headquartered in Brussels, Belgium. Marking Solvay’s second investment in three years, its $12 million investment makes Solvay the largest minority shareholder in Plextronics.
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