SolarEdge Secures $37,000,000 New Financing

  • Feed Type
  • Date
    10/24/2011
  • Company Name
    SolarEdge
  • Mailing Address
    900 Golden Gate Terrace Grass Valley, CA 95945
  • Company Description
    SolarEdge develops a unique power harvesting solution providing
    unsurpassed performance in real-life scenarios.
    It will lower the average cost per watt in any typical photovoltaic
    installation via increased wattage and lower costs, provide for
    easier and cheaper installation, and help make Photovoltaic (PV)
    installations relevant in more sites.
  • Website
    http://www.solaredge.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $37,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The funding will enable the company to accelerate its global expansion and production plans as well as strengthen its balance sheet. SolarEdge has experienced major growth in the last two years and has become a globally recognized brand in solar power harvesting and PV monitoring solutions. This funding will allow the company to further enhance its leadership within the solar power optimization industry.
  • M&A Terms
  • Venture Investor
    Norwest Venture Partners
  • Venture Investor
    Opus Capital
  • Venture Investor
    Walden International
  • Venture Investor
    Genesis Partners
  • Venture Investor
    Vertex Venture Capital
  • Venture Investor
    Lightspeed Venture Partners
  • Venture Investor
    GE Energy Financial Services