- Venture capital group is one of Canada’s largest early stage technology investors
Vancouver, B.C. (August 10, 2007) – SWITCH Materials Inc., an early stage advanced materials company, today announced that Ventures West has joined Pangaea Ventures and Growthworks as first round investors in the company. The additional financing will enable SWITCH to accelerate the company’s development of photochromic and electrochromic materials for use in a wide variety of commercial applications.
“We are pleased to have the support of Ventures West”, said Doug Wiggin, CEO of SWITCH. “The addition of such a knowledgeable and well respected venture capital firm to our investor group speaks volumes about the need for our technology. SWITCH’s proprietary materials have tremendous potential to satisfy pent up demand for cost effective switchable glass in architectural, automotive, aerospace, and eyewear applications.”
David Berkowitz, General Partner with Ventures West and one of the most active and best-known Cleantech investors in Canada will join the board of directors of SWITCH.
About Switch Materials SWITCH Materials specializes in the design and synthesis of photochromic and electrochromic organic materials that cover a broad spectrum of commercial applications, with the potential to play an important role in many advanced technologies in Cleantech, molecular electronics, and health sciences. For more information, visit www.switchmaterials.com.
About Ventures West Ventures West Capital Ltd., a private venture capital investment group, is one of Canada's leading investors in seed and early stage technology companies. Since its founding in 1968, Ventures West has formed eight venture capital funds which total over $700 million and has invested in more than 150 companies. Ventures West has the people, the expertise, and the capital to help entrepreneurs develop emerging technology companies into market leaders. For more information, visit www.ventureswest.com.
