Konarka Raises $20 Million in Venture Capital Financing

[RenewableEnergyAccess.com] Konarka Technologies announced it has raised $20 million in venture capital financing. The financing was led by 3i, a venture capital and private equity firm. Existing investors, including Draper Fisher Jurvetson, New Enterprise Associates, Good Energies, Vanguard Ventures, Partech International and Chevron Technology Ventures, also participated in the round. Konarka plans to use this round of funding to accelerate further growth, continue to execute on its global partnering strategy and to support ongoing research and development efforts. Concurrent with the funding, Marko Maschek, partner with 3i, and Michael Ware, managing director at Advanced Capital Markets representing Good Energies, have joined Konarka’s Board of Directors.
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