Enphase Energy turns to other corporate venturing to join Applied Ventures in second stage of its $63m investment round.
More strategic investors have joined Applied Ventures, the venture capital fund of Nasdaq-listed electronics company Applied Materials, in backing Enphase Energy, a US-based developer of renewable energy equipment.
The undisclosed strategic investors were part of a second close of a $63m investment round in Enphase led by US-based venture capital firm Kleiner Perkins Caufield & Byers.
The second stage closed at $23m, with Applied Ventures part of the first $40m raised in March alongside VCs Bay Partners, Horizon Technology Finance,…
