ArcTern Ventures leads $10 mln financing of Morgan Solar
Morgan Solar Inc has secured $10 million in a follow-on financing. The round was led by ArcTern Ventures, a Canadian clean-tech venture capital firm developed in partnership with MaRS Discovery District. Founded in 2007, Toronto-based Morgan Solar develops technology that aims to make solar power more commercially affordable and accessible. It plans to use the funds raised to increase manufacturing capacity of Sun Simba, a concentrating solar system based on proprietary optic and circuit technology. Morgan Solar's other investors include Enbridge Inc, Iberdrola SA, Kuwaiti Investment Authority and Turnstone Capital Management.
13 July 2016•3 mins read
