Enphase Energy Raises $40 Million

Enphase Energy Inc., a Petaluma, Calif.-based developer of micro-inverter systems for the solar industry, has raised $40 million in private funding. Return backer Bay Partners led the round, and was joined by Horizon Technology Finance, Bridge Bank, Third Point Ventures, RockPort Capital Partners, Madrone Capital Partners and Applied Ventures. The company previously raised over $25 million.

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