SolarBridge Technologies Receives $19,000,000 Series C Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d21bf25d-e828-45b5-acae-eee328e4e45c&Preview=1
Date
6/21/2011
Company Name
SolarBridge Technologies
Mailing Address
9229 Waterford Centre Blvd. Austin, TX 78758
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
$19,000,000
Transaction Round
Series C
Proceeds Purposes
The funds, raised from current investors as well as new financial and strategic investors, will be used to ramp up production capacity, expand sales support and logistics organizations and scale up research and development teams
M&A Terms
Venture Investor
Rho Ventures
Venture Investor
Battery Ventures
Venture Investor
Texas Emerging Technology Fund