First published in Cleantech magazine Issue 6 2011, Copyright Cleantech Investor Ltd. 2011
CalCEF Clean Energy Angel Fund et al
Target Company: Reel Solar
Deal Value: US$15m
CalCEF Clean Energy Angel Fund has joined existing investors, CMEA Capital and Pangaea Ventures, to invest in California-based thin film solar technology developer, Reel Solar. Established in 2009, Reel Solar announced that it had raised US$15 million at the end of 2011. The company is still operating in stealth mode.
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