Tigo Energy Closes US $6 Million in Funding

Tigo Energy, a solar company working on increasing the efficiency of commercial and residential solar installations, announced that it raised US $6 million in financing co-led by Matrix Partners and OVP Venture Partners.

The company builds hardware and software intelligence into solar energy installations, which according to the company make them more efficient, more manageable, and safer. Tigo’s products deliver lower cost of ownership and increased output power on existing and new solar installations, the company says.

“By working with energy service providers, panel manufacturers and system integrators, Tigo is mitigating several issues which currently result in sub-optimal solar production on new and existing solar installations,” said Ron Hader, Tigo’s co-founder, President and COO.

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