US-based clean energy semiconductor developer MTPV closed its initial series B funding round yesterday at $6.5m, with a view to raising a further $2m in the round. Among the investors was Applied Ventures, the corporate venturing division of US-based semiconductor component manufacturer Applied Materials.

Publicly funded agency The Massachusetts Clean Energy Center and venture capital (VC) firm The Clean Energy Venture Group, as well as existing MTPV investors including VC firms Ensys Capital and IBCC, and investment firm Spinnaker Capital which led the round,…

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