$10M to Tigo Energy from OVP, Others

6/9/10Follow @gthuang

Tigo Energy, a Los Gatos, CA-based solar power technology company, said today it has raised $10 million in new funding led by Inventec Appliances and Clal Energy. Existing investors Matrix Partners, OVP, and ICV also participated in the round. The cleantech firm says it will use the money to expand its manufacturing, international sales, and logistics capabilities. Tigo Energy was founded in 2007 and makes power electronics and software to boost the electricity output of solar panel arrays. The company has raised more than $27 million to date.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com. Follow @gthuang

By posting a comment, you agree to our terms and conditions.