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Konarka Adds $45 Million

Konarka Technologies Inc., a Lowell, Mass.-based developer of a plastic-like photovoltaic material, has raised $45 million in Series F funding. Mackenzie Financial Corp. and return backer Good Energies co-led the deal. Pegasus Capital also participated, alongside existing shareholders Draper Fisher Jurvetson, Asenqua Ventures, New Enterprise Associates, 3i Group, Vanguard Ventures, Chevron, Massachusetts Green Energy Fund, NGEN Partners and Angeleno Group.

Lehman Brothers served as placement agent for the deal, which brings Konarka's total venture capitalization to around $100 million. www.konarkatech.com