Tigo Energy Secures $18,000,000 New Funding
- Feed Type
- 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
- Venture Investor
Bessemer Venture Partners - Venture Investor
OVP Venture Partners - Venture Investor
Undisclosed
