Solantro Semiconductor nets $11 mln Series B funding to spur production
Solantro Semiconductor Corp has raised $11 million as part of a Series B financing. Backing the round were existing investors, including Black Coral Capital, BDC Capital, Presidio Ventures, Clean Energy Venture Group and Export Development Canada, and new investor Inerjys Ventures, a Canadian clean technology venture capital firm. Solantro, which is based in Ottawa, said the proceeds of the deal will help it to increase production of its platform technology, which is used for power conversion applications across distributed renewable energy networks. Founded in 2009, the company is led by CEO Antoine Paquin, a Canadian serial entrepreneur and investor.
8 April 2015•2 mins read
