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Solar Companies OptiSolar, HelioVolt Raise Funds

Thin-film solar company OptiSolar Inc. raised another $30 million from investors, despite cutting its staff and selling projects earlier in the year. The Hayward, Calif.-based company sold senior secured promissory notes to 44 investors, according to a regulatory filing, a sizeable debt financing that adds to the $229 million the company had raised to date.

The regulatory filing does not name any of the investors, but the firm previously raised funding from Richardson Capital and an undisclosed venture firm.

Source: pehub.com

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Mar 18, 2009

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VentureBeat Profiles

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