PhotoSolar Raises DKK 27M in Funding

PhotoSolar, a Taastrup, Denmark-based producer of solar shading, raised DKK 27m in funding.

Investors include the Dutch venture capital firm SET Venture Partners and Danish existing investors including Vækstfonden, The Danish Technological Institute and Syddansk Teknologis.

The company has developed a new type of solar shading that allows the right amount of light to get through while at the same time keeping the heat out.

The funding will be used to increase marketing and sales activities for PhotoSolar’s flagship product, MicroShade™, which is designed to integrate solar shading into transparent glazed panes for building facades and eliminate the maintenance costs normally associated with shading solutions.
In addition, the company intends to use the funds for further product development focusing on new ways of combining solar shading and producing electricity.



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