On October 31, 2024, LuxWall, a leader in glass-based transparent insulation solutions to reduce energy consumption and carbon emissions from buildings, announced that it has closed a $51 million Series B funding round led by Climate Investment and Barclays Sustainable Impact Capital. New investors Carbon Equity and The Nature Conservancy participated in the round, alongside existing investors Breakthrough Energy Ventures, Prelude Ventures, 2150, Khosla Ventures, and Baruch Future Ventures. Wilson Sonsini Goodrich & Rosati advised LuxWall on IP and patent strategy in connection with the transaction.

The funding allows LuxWall to scale up production at its newly opened factory in Litchfield, Michigan, which received the support from Michigan Governor Gretchen Whitmer. It will also enable the construction and expansion of a second factory in Detroit, Michigan, as well as the growth of research and development at the R&D Center in Ypsilanti, Michigan.

The Wilson Sonsini team that advised LuxWall on the transaction includes Matt Bresnahan, Maysam Pessian, and Jane Yang.

For more information, please see LuxWall’s news release.