Infinia Corp. has closed a $50 million Series B preferred stock financing round led by GLG Partners – with participation from Wexford Capital LLC and prior investors Vulcan Capital, Khosla Ventures, EQUUS Total Return Inc., Idealab and Power Play Energy – to fund the commercial launch of the Infinia Solar System.
‘With the support of this outstanding investor group, the inspired and diligent effort of our team, and the commitment of our key supply-chain partners, we are clearly on track to begin manufacturing and selling our Infinia Solar System product later this year,’ says J.D. Sitton, president and CEO of Infinia.
In connection with this transaction, GLG's John Small will join Infinia's board of directors. Small is senior asset manager and president of GLG and has an extensive background in investing in and building public and private companies.