Ottowa, Ontario-based Solantro Semiconductor Corp. has completed a C$10 million Series A financing round.
This funding was led by Black Coral Capital and included participation from Presidio Ventures (a Sumitomo Corp. company), Business Development Bank of Canada and Export Development Canada.
Solantro designs, manufactures and markets semiconductor chipsets and reference designs for use within distributed Solar PV power conversion equipment. The company says it has established product development partnerships with select global PV module and balance-of-system component manufacturers and plans to use the funding to further roll out its products.
