Tigo Energy, a US-based developer of technology to increase efficiency of commercial and residential solar installations, has raised $10m from venture capital firm Generation Investment Management’s Climate Solutions Fund.
In June, Tigo Energy raised $10m from two strategic investors and three independent venture capital firms. Taiwan-based mobile device maker Inventec Appliances Corporation led the then-series C round as a new investor, and was joined by Tigo’s previous investors. These were Israel-based technology company Clal Industries and Investments’s Clal Energy subsidiary, as well as VCs Matrix Partners, OVP Venture Partners and Israel Cleantech Ventures.
The company previously raised $10m in its series B round in May 2009 and $6m the year before that.