Solarbridge Technologies Secures $15,000,000 Series B Round

  • Feed Type
  • Date
    4/27/2010
  • Company Name
    Solarbridge Technologies
  • Mailing Address
    2111 S. Oak St. Champaign, IL 61820
  • Company Description
    SmartSpark Energy Systems is a power electronics company, specializing in the development of products that support the efficient transformation and storage of energy used in renewable technologies. SmartSpark’s goal is to facilitate the mainstream adoption of green technologies, including electric and hybrid vehicles, advanced batteries, solar panels and fuel cells, by providing products that make these technologies safer, more efficient, and longer lasting.
  • Website
    http://www.solarbridgetech.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $15,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The funds will enable SolarBridge to finalize testing and certification, deploy additional beta sites, and ramp up production. They will also be used to expand its operations, sales and marketing teams.
  • M&A Terms
  • Venture Investor
    Rho Ventures
  • Venture Investor
    Battery Ventures

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