Oxford Photovoltaics (PV), a UK-based solar cell technology spinout from University of Oxford, has received £8m ($11.2m) 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. The spinout did not explicitly name any other returning backers.
Founded in 2010, Oxford PV is manufacturing conducive films that can be…

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