Tech Company Financing Transactions
Morgan Solar Funding Round
Iberdrola Group, The Frost Group and private investors joined a $16.5 million Series B venture round for Morgan Solar. The round was announced on 5/27/2011.
Transaction Overview
Company Name
Announced On
5/27/2011
Transaction Type
Venture Equity
Amount
$16,500,000
Round
Series B
Investors
The Frost Group (Philip Frost)
Proceeds Purpose
With this funding and the company's USD $3.3 million loan from the California Energy Commission, Morgan Solar will establish a manufacturing facility in San Diego, California. The company will also ramp up its existing manufacturing and R&D footprint in Ontario to continue to develop and bring to market next generation, low cost solar technologies.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
100 Symes Rd. 100 A
Toronto ON, M6N 0A8
Canada
Toronto ON, M6N 0A8
Canada
Phone
Website
Email Address
Overview
Morgan Solar Inc began with a mission in 2007 -- to develop highly efficient, low cost solar technology. Until now, all the real advancements in solar power always seem to be "10 years away".
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Andrade
Chief Technical Officer
John Morgan
Vice President
Stefan Myrskog
VP - Bus. Development
Nicolas Morgan
VP - Engineering
Brett Barnes
VP - Finance
Hugo Navarro
VP - Sales
Eric Morgan
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Where The Data Comes From
We record every notable VC transaction. All VC database entries reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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