Solar Notion, a solar energy company, raises $10M to reduce cost “500 percent”
Solar Notion, a Sunnyvale, Calif. maker of solar energy panels, has raised around $10 million in a first round of funding led by hedge fund Third Point, according to a regulatory filing cited by PE Wire.
The company, still secretive, says on its Web site that it is developing technology to reduce manufacturing cost of solar panels by “over 500%, while achieving the efficiency and reliability of single crystal silicon solar panels.”
That’s their emphasis in italics, not… Continue Reading
Ception Therapeutics raises additional $15M for anti-inflammatories
Malvern, Pa.-based Ception Therapeutics, a biotech developing drugs to treat inflammatory disease, raised an additional $14.7 million in its third funding round, bringing the total round to $77 million. Participants included the hedge funds Third Point LLC and Greenlight Capital, both existing investors. The company’s release is here.
Ception claims to have a biologic drug candidate in mid-stage human trials for “multiple inflammatory conditions,” although I wasn’t able to find any trace of it in the… Continue Reading