Cottonwood Technology Fund announces investment in mPower Technology
Press Releases

Cottonwood Technology Fund announces investment in mPower Technology

First Investment Warehouses for Fund III


Cottonwood Technology Fund, a consistent top-performing investor in high-tech and hardware startups based in Northwest Europe and Southwest USA, announced today an investment in American company
mPower Technology. It is the first investment warehoused for Cottonwood Technology Fund III. mPower Technology has developed DragonSCALES™ (SemiConductor Active Layer Embedded Solar) solar cell technology. DragonSCALES enable disruptive, new approaches to many solar applications by leveraging small advanced silicon cells integrated on a flexible substrate in a patented, highly interconnected architecture. They offer unprecedented improvements in system cost, weight, flexibility, resilience, and ease of installation and system integration.

“We are experiencing tremendous interest in our DragonSCALES technology, not only for the rapidly growing aerospace market, but also for the terrestrial and IoT (Internet of Things) markets,” said Kevin Hell, president and CEO of mPower Technology. With the investment from Cottonwood Technology Fund, NMA Ventures and some angel investors mPower Technology has closed an additional $1.85 million in Series A funding, bringing the company’s total Series A round to $4.35 million. “This supplemental capital investment will provide runway for mPower to ready its innovative technology for large-scale production and rapidly secure large commercial contracts in the space market.”

“Cottonwood looks for ‘off-the-curve’ innovations in hard science that we believe can introduce disruptive impacts to applicable markets,” said David Blivin, Founder and Managing Partner of Cottonwood Technology Fund. “mPower’s technology is uniquely positioned to transform the space power market through its significant cost and performance advantages, and this certainly fits with our focus.”

About mPower Technology
mPower Technology is shaping the future of solar power with a revolutionary new technology called DragonSCALES™ (SemiConductor Active Layer Embedded Solar), a completely flexible, interconnected mesh of miniature solar cells. Leveraging well-established and affordable materials, processes, and tools from the silicon photovoltaic (PV) and microelectronics industries, DragonSCALES enable completely new design options for solar power, removing the constraints of existing silicon and gallium arsenide solar solutions, and enabling highly flexible, resilient, light-weight designs that can be rapidly deployed at extremely low cost.

For further information, please contact info@mpowertech.com or visit www.mpowertech.com.

 

About Cottonwood Technology Fund
Cottonwood Technology Fund is, according to Preqin’s latest reporting, one of the most consistent top-performing venture capital funds in the world. Cottonwood Technology Fund has offices in Santa Fe NM, USA and Enschede, the Netherlands. It invests in patent-based, technology-related companies (e.g. robotics, optics, photonics, nanotechnology, sensor tech, cleantech, medtech and advanced materials) originating from the Southwest region of the USA and Northwest Europe. These regions include numerous national laboratories, over a dozen major research universities and several major research centers. Current investments include Skorpios, TriLumina, BayoTech, OPNT, Sarcos Robotics, Eurekite, SoundEnergy, BennuBio, Clear Flight Solutions, xF Technologies (formerly Incitor), Respira Therapeutics, Armonica Technologies, Raptor Products and Infinitum Electric. For further information, please contact info@cottonwood.vc or visit www.cottonwood.vc.

 

——————- End of press release——————————————————–
For more information, please contact:

Dave Blivin, Managing Partner, +1 505 412 8537 / dave@cottonwood.vc

Alain le Loux, General Partner, +31 6 29 52 63 81 / alain@cottonwood.vc

 

 

Sencure
We are gladly having Cottonwood Technology Fund on board as lead investor. They are very supportive on aligning strategy and execution. The first year they ...
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Jurryt Vellinga, CEO
Sencure BV
We are gladly having Cottonwood Technology Fund on board as lead investor. They are very supportive on aligning strategy and execution. The first year they brought in already 8 corporates as potential customer. We are surprised every time about their extensive entrepreneurial mindset, business experience and global network of Cottonwood. They have been very smart people and 24/7 supportive.
Sencure
Jurryt Vellinga, CEO
Sencure BV
BayoTech
We would not exist, or certainly not in New Mexico, if it were not for Cottonwood. Until Cottonwood got involved we struggled to get attention ...
...Read More
Justin Eisenbach, President and CEO
Bayotech Corp
We would not exist, or certainly not in New Mexico, if it were not for Cottonwood. Until Cottonwood got involved we struggled to get attention from other capital providers. Cottonwood has been a real catalyst, beyond their money, to upgrading our management team, opening doors to potential strategic investors and customers and focusing on our market entry strategy. Cottonwood has been a great partner in driving our success in every area. I truly believe they wake up every day looking for ways and ideas that can support our success.
BayoTech
Justin Eisenbach, President and CEO
Bayotech Corp
Skorpios Technologies, Inc.
Cottonwood began working with me a year before they closed their first fund. Even though they weren’t initially in a position to invest they...
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Steve Krasulick, President & CEO
Skorpios Technologies
Cottonwood began working with me a year before they closed their first fund. Even though they weren’t initially in a position to invest they still opened doors to potential investors and customers, and assisted with the fund raising strategy and execution plan. Once their fund was closed they took an aggressive lead role in pulling together our first round and helping us launch the company. Now after having raised almost $150M they continue to support our growth, provide valuable advice and open doors to additional resources as we need them. We have been fortunate to have Cottonwood as a partner in building our company.
Skorpios Technologies, Inc.
Steve Krasulick, President & CEO
Skorpios Technologies