MaRS Cleantech Fund leads $2.75 mln financing of Sparq Systems
Kingston, Ontario-based Sparq Systems Inc, a designer and manufacturer of microinverters for the distributed generation solar market, has secured $2.75 million in venture capital financing. The round was led by MaRS Cleantech Fund, with participation from MaRS Investment Accelerator Fund and the Ontario Centres of Excellence. Founded in 2009, Sparq is a spin-off company from Queen's University, and has previously been funded by PARTEQ Innovations, angel investors and other sources. MaRS Cleantech Fund is a $30 million private venture partnership founded last year by Canadian innovation hub MaRS Discovery District..
24 October 2013•4 mins read
