Sage Electrochromics Inc. said Tuesday it raised another $20 million in venture capital financing.
Sage Electrochromics raises $20 million
February 25, 2009 at 5:04AM
The Faribault, Minn.-based company makes "smart windows," which allow users to adjust the tint of windows according to a building's temperature and energy needs.
Sage officials say they will use the money, raised from venture capital firms Good Energies, Applied Ventures, and NV Bekaert SA, to help pay for its international expansion. The company had previously raised nearly $30 million.
THOMAS LEE
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The Minneapolis-based developer finalized its purchase of the 179-acre site Friday after initially agreeing to the deal earlier this year.
