Tigo Energy Secures $18,000,000 New Funding

  • Feed Type
  • 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