The Venture Codex

Participated · Equity · Mar 2010

Iosil Energy Corporation is a producer of high-purity solar-grade polysilicon for the photovoltaic industry. The company is Albuquerque, New Mexico-based with R&D facilities located in the National Institute for Nanotechnology in Edmonton, Alberta. Founded in 2007, Iosil is preparing to move from R&D toward pilot manufacturing. It has secured the first close of a $13.5M equity financing round to advance those plans. The initial tranche will be used to specify and engineer a pilot plant facility in one of several locations under consideration. The full investment is intended to build out a pilot manufacturing plant and prepare the company for commercial introduction.