Belgium-based chemicals conglomerate Solvay has invested $15m in the US-based organic lighting company Plextronics, making Solvay its largest minority shareholder. Solvay had previously invested in two other Plextronics rounds
Solvay led Plextronics’ latest round, which raised $14m in August 2009, and was the largest investor in the first close of its series B round, contributing $10m to a final figure of $20.6m. In both cases the capital was invested via Solvay’s corporate venturing unit, Solvay North American Investments.
The series B…
