Green Building Maker Serious Materials Raises $50M

Green Building Maker Serious Materials Raises $50M

Excerpt:
"It costs a lot to make and sell green building materials it seems. Serious Materials out of Sunnyvale has raised $50M in a 2nd round co-led by New Enterprise Associates and Foundation Capital with Rustic Canyon Partners.

This funding will put towards building manufacturing facilities. It hopes to run its first factory, which will be capable of churning out over 400M square feet of drywall a year, on a 100-kilowatt solar system."

http://www.thealarmclock.com/mt/archives/2007/11/green_building.html