GERMANY – Wellington Partners leads EUR 18m round for Heliatek

Also participating in this round are existing backers industrial investor Bosch; corporate venture capital investors RWE Innogy Ventures and BASF Venture Capital; the High-Tech-Gründerfonds; eCAPITAL Entrepreneurial Partners AG; the Technologiegründerfonds Sachsen Start-up GmbH & Co. KG; and GP Bullhound Sidecar.

Heliatek develops organic solar cells incorporating its proprietary tandem technology from so-called "small molecules", which are organic dyes that are chemically synthesized from hydrocarbons.

It spun out of the Universities of Dresden and Ulm in 2006. The following year, it received its first round of institutional funding from Wellington, BASF and Bosch. Based in Ulm and Dresden, the company employs 30.

The new capital will fund the construction of an initial production facility in Dresden.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Early-stage
• DACH