Wednesday, August 8, 2007

Solatube Gets Mezzanine Funding

Vista, California-based Solatube, a developer of natural lighting systems for the residential, commercial, and institutional markets, has raised a mezzanine round of funding from Praesidian Capital. Praesidian Capital said yesterday that the funding will go to fund growth plans for Solatube. Amount of the investment was not disclosed. Solatube develops products that use optics to channel daylight into residences and other buildings; the company's products are used for skylights and for other natural lighting. More information »