Tuesday, February 10, 2015

NEXTracker Nabs $25M For Solar Tracking

Fremont-based NEXTracker, a developer of solar tracking products aimed at the photovoltaic energy market, said Monday that it has raised $25M in a equity and growth capital financing. The funding came from SJF Ventures, Tennenbaum Capital Partners, Sigma Partners and DBL Investors. The company is led by Dan Shugar. SJF's Dave Kirkpatrick joins the company's board with the funding. NEXTracker's products help aim solar panels at the sun, to optimize the energy they produce. More information »