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InnovaLight Raises $28 Million

InnovaLight Inc., a developer of silicon ink-based printed solar cells, has raised $28 million in Series C funding. Convexa Capital led the deal, and was joined by Scatec AS and return backers Apax Partners, ARCH Venture Partners, Harris & Harris Group, Sevin Rosen Funds and Triton Ventures. The company now has raised around $42 million in total VC funding.