Xconomy San Diego

Borrego Solar Systems Secures $14,000,000 New Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=94884b10-3f14-4fe2-9695-061b343df156&Preview=1
Date
2/4/2009
Company Name
Borrego Solar Systems
Mailing Address
1365 N. Johnson Avenue El Cajon, CA 92020
Company Description
Borrego Solar is a solar electric contractor specializing in commercial, residential and public sector turnkey, grid–connected solar electric systems.
Website
http://www.borregosolar.com
Transaction Type
Venture Equity
Transaction Amount
$14,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company will use the round of financing to expand its commercial and government design and installation operations into the Mid-Atlantic Region and to develop new low-cost integration solutions which will reduce overall system cost and ultimately speed return on investment for its customers.
M&A Terms
Venture Investor
Undisclosed