Tigo Energy Secures $18,000,000 New Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=720f5412-49e1-4bd5-b1e2-1db5e0bc2249&Preview=1 -
Date
12/12/2011 -
Company Name
Tigo Energy -
Mailing Address
420 Blossom Hill Road Los Gatos, CA 95032 -
Company Description
Tigo Energy increases output power, up-time, and reliability on existing and new solar installations, resulting in a faster return on investment and lower cost of ownership. Working with energy service providers, panel manufacturers and system integrators, Tigo Energy mitigates a variety of issues which limit the efficiency, availability and flexibility of today’s solar installations. -
Website
http://www.tigoenergy.com -
Transaction Type
Venture Equity -
Transaction Amount
$18,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The investment will enable Tigo Energy to accelerate growth, expand manufacturing and focus on international sales to take advantage of the strong market demand for Tigo Energy-enabled SmartModules from the industries’ leading PV module brands. -
M&A Terms
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Venture Investor
Bessemer Venture Partners -
Venture Investor
OVP Venture Partners -
Venture Investor
Undisclosed
