Existing backers Legal and General Capital and Statoil Energy Ventures have returned for an $11.2m round that took Oxford PV's total financing to $77m.
UK-based solar cell technology developer Oxford Photovoltaics (PV) received £8m ($11.2m) on Tuesday from its existing investors, including subsidiaries of energy producer Statoil and financial services firm Legal and General.
Legal and General participated through its corporate venturing arm, Legal and General Capital, while Statoil invested through its Statoil Energy Ventures unit.
Spun off from University of Oxford in 2010, Oxford PV is manufacturing conducive films that can be printed onto conventional silicon solar panels to help them generate electricity.
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