SolarEdge Closes $25 Million Financing Round

SolarEdge Technologies, a provider of end-to-end distributed solar power harvesting and monitoring solutions, has secured $25 million in funding. Lightspeed Venture Partners led the equity financing, which also includes participation from existing investors Opus Capital, Genesis Partners, Walden International, ORR Partners, Vertex Venture Capital and JP Asia Capital Partners.

‘We will use this financing to further accelerate our growth to meet the soaring demand for our products worldwide and intensify local sales and support activities in all major markets,’ says Guy Sella, chairman, CEO and co-founder of SolarEdge. ‘The funding will enable us to multiply our production capacity without compromising on quality and reliability.’

SOURCE: SolarEdge

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