$10M to Tigo Energy from OVP, Others
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.