What is Silicor Materials?
Silicor Materials is a prominent manufacturer specializing in high-quality solar silicon and aluminum by-products. The company's core silicon purification operations are conducted through its wholly owned subsidiary, Silicor Materials Canada Inc., located in Ontario, Canada. Complementing its manufacturing capabilities, Silicor operates a state-of-the-art research and development center in Berlin, Germany, fostering innovation in solar technology. The company's focus on producing high-purity silicon is critical for the advancement of solar energy solutions.
How much funding has Silicor Materials raised?
Silicor Materials has raised a total of $282M across 5 funding rounds:
Series A
$9M
Series B
$102M
Series C
$60M
Unspecified
$6M
Private Equity
$105M
Series A (2006): $9M with participation from Advanced Technology Ventures and Globespan Capital Partners
Series B (2008): $102M led by Advanced Technology Ventures, Globespan Capital Partners, and Hudson Clean Energy Partners
Series C (2009): $60M supported by Globespan Capital Partners, Advanced Technology Ventures, and Hudson Clean Energy Partners
Unspecified (2013): $6M featuring Hudson Clean Energy Partners
Private Equity (2015): $105M backed by Hudson Clean Energy Partners
Key Investors in Silicor Materials
Hudson Clean Energy Partners
Hudson Sustainable Group is a leader in the sustainable investing sector, leveraging over 20 years of experience to support the growth of next-generation sustainable businesses. The firm specializes in mobilizing capital for low carbon energy adoption, focusing on renewable energy technologies and robust market policies.
Advanced Technology Ventures
Founded in 1979, Advanced Technology Ventures (ATV) is a bi-coastal venture capital firm with $1.4 billion in capital under management. ATV works closely with entrepreneurial teams in several technology markets, including Communications, Healthcare, IT Infrastructure, Software and Services to build emerging-growth business ventures into market leaders.
Globespan Capital Partners
Globespan Capital Partners is a venture capital firm focused on partnering with entrepreneurs to help them bring their companies to market. The firm invests in startups within the IT infrastructure, SaaS, mobile, and Internet industries, providing strategic support and industry expertise to facilitate growth.
What's next for Silicor Materials?
The substantial enterprise-level backing positions Silicor Materials for significant scaling and technological advancement. This capital infusion is expected to accelerate the company's expansion efforts, potentially enhancing its production capacity and R&D initiatives. The strategic nature of the recent investment suggests a focus on solidifying market leadership and exploring new avenues for growth within the renewable energy sector. Silicor's trajectory indicates a strong commitment to innovation and sustainable energy solutions.
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