By [email protected] It’s extremely difficult to raise venture capital funding for solar hardware companies, but somehow Siva Power just raised $25 million for its thin-film solar manufacturing think-tank/retirement project for thin-film technologists.
Siva closed this $25 million round to focus on building a pilot line and developing a solar module business — with funding led by Jim Simons and Mark Heising, along with Jonathan Sheets.
Mark Heising is the managing director of Medley Partners. Jim Simons, a renowned mathematician, started the Medallion Fund, a wildly successful hedge fund. He’s appeared on the Forbes top 100 richest people list and, until this investment at least,
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