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ENERGY & UTILITIES | Renewables / Solar
wakondatech.com

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Founded Year

2005

Stage

Dead | Dead

Total Raised

$9.5M

About Wakonda

Wakonda Technologies is developing solar electric technology that is more efficient than crystalline silicon and more cost effective than thin film alternatives.

Wakonda Headquarter Location

2A Gill Street

Woburn, Massachusetts, 01801,

United States

781-460-2200

Latest Wakonda News

Wakonda, the Next Defunct Solar Startup Greentech Media Eric Wesoff is Editor-at-Large at Greentech Media.

Dec 4, 2017

Another one bites the dust. Prior to joining GTM, Eric Wesoff founded Sage Marketing Partners in 2000 to provide sales and marketing-consulting services to venture-capital firms and their portfolio companies in the alternative energy and telecommunications sectors. Mr. Wesoff has become a well-known, respected authority and speaker in these fields. His expertise covers solar power, fuel cells, biofuels and advanced batteries. His strengths are in market research and analysis, business development and due diligence for investors. He frequently consults for energy startups and Silicon Valley's premier venture capitalists. Unable to raise further cash, solar startup Wakonda has joined the growing list of defunct venture capital-funded greentech firms. The firm's phone is out of service, although their website is still up (it even claims that they're hiring). The CEO is still pursuing solar technology according to investors, but Wakonda seems to be winding down as a VC-funded startup. Wakonda's technology, as well as its business plan, always seemed, well, fluid. We've reported on the long list of viable and questionable VC-funded solar firms (see 150 Solar Startups ) and the inevitable consolidation (see Solar Startup Bloodbath ). Founded in 2005 in New York , Wakonda was a virtual single crystal silicon, then cadmium telluride on flexible substrate, and as reported by GTM in April of this year -- the firm was also going after PV roofing material. Wakonda raised $3.2 million from VC investors Advanced Technology Ventures, Envoi Ventures, General Catalyst Partners, Polaris Venture Partners, the Massachusetts Green Energy Fund, and Applied Ventures, the VC arm of Applied Materials. In 2007, the firm was NREL's Clean Energy Entrepreneur of the Year , an indication of the value of most awards of that sort. The company had been attempting to raise an additional $7 million as a "restart" with a "clean cap table" since October of 2009, according to the firm's executive summary and investor pitch from that time. The pitch deck had circulated freely around the VC offices of Sand Hill Road and the halls of Greentech Media. According to Hemant Taneja of General Catalyst, an investor in Woburn, MA-based Wakonda, the company wasn’t able to get its technology working "well enough, fast enough" to convince backers to keep putting money in, as reported on the website Boston.com . Wakonda joins:

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Expert Collections containing Wakonda

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Wakonda is included in 3 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

S

Solar

1,123 items

This collection contains upstream and downstream solar companies, as well as those who manufacture and sell products that are powered by solar technology.

R

Renewable Energy

2,727 items

Includes companies working on technology to support renewable energy generation.

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