Wednesday, May 27, 2009

OVP Boosts Tigo Energy

Kirkland, Washington-based venture capital firm OVP Ventures is one of the returning investors in Silicon Valley firm Tigo Energy, Tigo said Tuesday. Tigo, which develops technology for increasing the efficiency of photovoltaic systems, said it raised $10M in a Series B funding, which was led by ICV and also included Matrix Partners, OVP and Clal Energy. OVP's Lucinda Stewart sits on the board of Tigo Energy.