SolarBridge Technologies Obtains $7,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=19c5729d-513c-407f-926b-e41f26ef6598&Preview=1
Date
9/19/2012
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
Debt
Transaction Amount
$7,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The proceeds of the venture loan will be used to support the company’s growth and expansion.
M&A Terms
Venture Investor
Horizon Technology Finance