# Solaicx

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solaicx

- Industry: Semiconductors
- Headquarters: Santa Clara, US
- Website: www.solaicx.com
- Total disclosed funding: $87M
- Latest round: Series D (Apr 19, 2010)
- Investors on record: 7

## About

Solaicx is a company specializing in the investment and industrial application of silver, focusing on its use in electronics and renewable energy sectors. Their operations highlight the growing demand for silver across various industries.Solaicx was founded in 2002 and operates out of Santa Clara, California, US. The company is focused on investing in physical silver and has engaged in eight deals, with the most recent deal being a Trade Sale to MEMC Electronic Materials, Inc. on July 6, 2010, for USD 76.00 mn. The company has not undergone any notable pivots or changes in its strategy since its founding.Solaicx specializes in investing in physical silver, recognized for its industrial applications across sectors like electronics, renewable energy, and chemical manufacturing. The company highlights silver's vital role in the production of mobile phones, electric vehicles, and solar panels, with increasing demand particularly in electric vehicles and solar cells. Solaicx targets international markets, particularly in North America, Europe, and select regions in Asia, to cater to the growing technology and energy sectors.Solaicx generates revenue through direct sales and partnerships with manufacturers in the electronics and renewable energy industries. The company facilitates B2B transactions, providing bulk quantities of silver under contractual agreements that outline pricing and volume. While specific revenue figures are proprietary, Solaicx's focus on high-demand sectors ensures a robust transactional framework that supports its diverse client base across multiple geographic markets.Solaicx aims to leverage recent funding from its acquisition by MEMC Electronic Materials, Inc. to enhance its product offerings and expand into new markets. The company plans to develop new applications for silver in upcoming products, targeting expansion in the North American and European markets by 2012. This strategy will utilize the funding secured from the Trade Sale to ensure that they meet the growing industrial demand for silver.

## Funding rounds

- Series D, Apr 19, 2010, $36M — Big Sky Partners
- Series C, Jan 16, 2008, $13M — Labrador Ventures, Big Sky Partners, D. E. Shaw & Co
- Series C, Apr 18, 2007, $27M — Mitsui Global Investment, Applied Ventures, Big Sky Partners, D. E. Shaw & Co, Greenhouse Capital Partners, Firsthand Capital Management
- Series B, Nov 20, 2006, $3M — Applied Ventures
- Series B, Jan 11, 2006, $5M — Labrador Ventures, Firsthand Capital Management
- Series A, Apr 5, 2005, $2.8M — Big Sky Partners

## Investors

- Big Sky Partners (https://capitalatlas.ai/funds/big-sky-partners) — Series A, Series C, Series D
- Labrador Ventures (https://capitalatlas.ai/funds/labrador-ventures) — Series B, Series C
- Firsthand Capital Management — Series B, Series C
- Applied Ventures (https://capitalatlas.ai/funds/applied-ventures) — Series B, Series C
- Mitsui Global Investment (https://capitalatlas.ai/funds/mitsui-global-investment) — Series C
- D. E. Shaw & Co (https://capitalatlas.ai/funds/d-e-shaw-co) — Series C
- Greenhouse Capital Partners (https://capitalatlas.ai/funds/greenhouse-capital-partners) — Series C