Aug 14 2015
View®, the leader in dynamic glass, today announced it has 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 Incorporated, 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,” said 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 Dynamic Glass maximizes natural light and unobstructed views, while reducing heat and glare. Unlike traditional glass, View Dynamic Glass tints automatically in response to outdoor conditions or from a mobile device, providing greater occupant comfort and energy savings without ever compromising the view.
“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. We are pleased to be able to further diversify the Fund’s portfolio of offshore, growth-oriented direct investments with this innovative company.”
View Dynamic Glass can be seen in more than 100 installations across North America, with an additional 100 underway in various commercial markets such as corporate offices, healthcare, government, higher education and hospitality.
Source: http://viewglass.com/