Serious Materials, an energy-saving building materials company, closed a $60m Series C financing round led by Chicago-based Mesirow Financial.
New investors Enertech Capital, Cheyenne, and Saints Capital and previous backers New Enterprise Associates (NEA), Foundation Capital, Rustic Canyon Partners, Navitas Capital and Staenberg also participated in the round.
This funding has brought the total amount of capital raised by Serious Materials to more than $120m.
According to an official statement, the proceeds will be used to accelerate the rapid growth of the Sunnyvale, Ca.-based company and complete development of next generation, energy-saving building products.
Concurrent with this Series C financing, Tom Galuhn of Mesirow Financial has joined the Serious Materials’ board of directors.