Tech Company Financing Transactions

Stion Funding Round

Stion, operating out of San Jose, secured $130 million from AVACO, Braemar Energy Ventures and General Catalyst Partners.

Transaction Overview

Company Name
Stion
Announced On
12/21/2011
Transaction Type
Venture Equity
Amount
$130,000,000
Round
Undisclosed
Investors

AVACO (Lead Investor)

Braemar Energy Ventures (George Reichenbach)

General Catalyst Partners (Chet Farris)

Khosla Ventures (Andrew Chung)

Lightspeed Venture Partners (Peter Nieh)

Taiwan Semiconductor Manufacturing Co.

Proceeds Purpose
Stion is continuing the planned expansion of its US manufacturing facility in Hattiesburg, MS. Stion will establish a subsidiary in Korea ("Stion Korea") to build a thin-film module factory to help serve the Asian and European markets. Stion will make a $35M initial investment into Stion Korea.

Company Information

Company Status
Private & Independent
Industry
Electronics
Mailing Address
6321 San Ignacio Ave.
San Jose, CA 95119
USA
Phone
(408) 284-7200
Website
www.stion.com
Email Address
[email protected]
Overview
Stion Corporation (formerly NStructures) is a solar photovoltaics company developing high-efficiency thin-film modules. The Company is aiming to minimize the total installed system costs of solar electricity.
Profile
Stion LinkedIn Company Profile
Social Media
Stion Company Twitter Account
Company News
Stion News
Facebook
Stion on Facebook
YouTube
Stion on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Chet Farris
  Chet Farris LinkedIn Profile  Chet Farris Twitter Account  Chet Farris News  Chet Farris on Facebook
Chief Technical Officer
Robert Wieting
  Robert Wieting LinkedIn Profile  Robert Wieting Twitter Account  Robert Wieting News  Robert Wieting on Facebook
VP - Bus. Development
Frank Yang
  Frank Yang LinkedIn Profile  Frank Yang Twitter Account  Frank Yang News  Frank Yang on Facebook
VP - Finance
Bob Beisner
  Bob Beisner LinkedIn Profile  Bob Beisner Twitter Account  Bob Beisner News  Bob Beisner on Facebook

 

 

Browse more venture capital transactions:

Prev: 12/21/2011: Exicure venture capital transaction
Next: 12/21/2011: Appssavvy venture capital transaction

 

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