View raised $150 million in equity funding to finance manufacturing expansion and company growth. Participants in this round included new investor NZ Super Fund, existing investors Corning Inc., Madrone Capital Partners and others, and leading real estate investors.
“We are thrilled that NZ Super Fund has joined our investor group at a time of rapid growth at View,” says View CEO Dr. Rao Mulpuri. “As human wellness and environmental sustainability become strategic imperatives for forward-thinking organizations, View Dynamic Glass is enabling the rapid evolution of occupant-focused, sustainable, and intelligent building design. The strong, positive reaction from our initial customers is driving increased market acceptance and this financing will help us expand our capabilities to meet the growing market demand.”
“View’s strong growth potential in a large market and the global problem it addresses made it an attractive addition to the Fund’s portfolio,” said Matt Whineray, Chief Investment Officer, NZ Super Fund. “View’s energy efficiency benefits are also a good fit with our strategy to increase the Fund’s exposure to alternative energy.”
Source: Glass Magazine/glassmagazine.com