Tech Company Financing Transactions
SunMaxx Solar Funding Round
Technologiegruenderfonds Sachsen and MAHLE participated in a $3.6 million funding round for SunMaxx Solar. The round was announced on 1/19/2023.
Transaction Overview
Company Name
Announced On
1/19/2023
Transaction Type
Venture Equity
Amount
$3,590,000
Round
Undisclosed
Investors
Technologiegruenderfonds Sachsen (Lead Investor)
Proceeds Purpose
Capital raised, Sunmaxx will launch a 50 MW solar production line in Saxony toward the second half of the year. Its combination PV and thermal design is a hot ticket for climate tech because it's cheaper to boil water using solar-derived heat energy, and, also, the thermal collector keeps running even in winter.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
2907 State HW 7
Bainbridge, NY 13733
USA
Bainbridge, NY 13733
USA
Phone
Website
Email Address
Overview
SunMaxx Solar manufactures the industries leading selection of solar hot water equipment, including evacuated tubes and flat plate solar collectors. Since 2006 - we've helped thousands of customers implement clean and renewable solar thermal systems.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Marketing Officer
Lara Biekowski
Browse more venture capital transactions:
Prev: 1/19/2023: Rx Redefined venture capital transaction
Next: 1/19/2023: Oya Femtech Apparel venture capital transaction
Share this article
Where The Data Comes From
We report on every notable VC transaction. VC investment data records on this site are sourced from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs