# SolarEdge Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solaredge-technologies

- Industry: Renewable Energy
- Headquarters: Herzliya, Israel
- Website: www.solaredge.com
- Total disclosed funding: $118M
- Latest round: Series D (Mar 31, 2014)
- Investors on record: 10

## About

Based in Israel, SolarEdge Technologies Ltd. specializes in advanced solar energy solutions, optimizing energy efficiency through innovative technology that enhances performance in photovoltaic systems.Founded in 2006 in Herzliya, Israel, SolarEdge Technologies Ltd. focuses on solar energy solutions, including solar inverters and energy management systems. The company has completed a total of 11 deals, with its most recent funding round being an IPO on March 26, 2015, raising USD 126 mn. The current CEO is Zvi Lando, and the company was co-founded by Meir Adest and Tal Dilian.SolarEdge Technologies specializes in providing advanced solar energy solutions that optimize energy efficiency. Their core offerings include solar inverters, power optimizers, and energy management systems that enhance photovoltaic (PV) system performance. The flagship Power Optimizer is attached to each solar module, allowing for individual monitoring and maximization of energy output. SolarEdge serves a diverse clientele, including residential and commercial sectors, utility companies, and energy stakeholders, operating in over 140 countries with substantial presence in North America, Europe, and parts of Asia.In 2022, SolarEdge generated revenue of USD 3.11 bn and reported an EBITDA of USD 228.02 mn. The company's revenue model is based primarily on direct sales of solar inverters and power optimizers, supported by maintenance agreements that enhance system longevity.SolarEdge Technologies plans to expand its product offerings with upcoming innovations in solar technology aimed at improving energy efficiency. The company is targeting entry into new markets in Southeast Asia and Latin America by 2025. The funds raised during their IPO of USD 126 mn will be utilized to support these growth initiatives and enhance their operational capabilities.

## Funding rounds

- Series D, Mar 31, 2014, $21M — GE Capital, Equity, Lightspeed Venture Partners, Vertex Ventures Israel, Walden Catalyst, Genesis Partners, Norwest Venture Partners, Opus Capital Ventures
- Series D, Oct 24, 2011, $37M — Lightspeed Venture Partners, Vertex Ventures Israel, Walden Catalyst, Genesis Partners, Norwest Venture Partners, Opus Capital Ventures, GE Capital
- Series C, Oct 4, 2010, $25M — GE Capital, Equity, Lightspeed Venture Partners, Vertex Ventures Israel, Walden Catalyst, Genesis Partners, Norwest Venture Partners, Opus Capital Ventures, JP Asia Capital, ORR Partners
- Series B, Oct 1, 2009, $23M — GE Capital, Equity, Lightspeed Venture Partners, Vertex Ventures Israel, Walden Catalyst, Genesis Partners, Norwest Venture Partners, Opus Capital Ventures, ORR Partners
- Series A, Dec 9, 2007, $12M — Walden Catalyst, Genesis Partners, Opus Capital Ventures

## Investors

- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Series A, Series B, Series C, Series D
- Genesis Partners (https://capitalatlas.ai/funds/genesis-partners) — Series A, Series B, Series C, Series D
- Opus Capital Ventures (https://capitalatlas.ai/funds/opus-capital-ventures) — Series A, Series B, Series C, Series D
- GE Capital, Equity (https://capitalatlas.ai/funds/ge-capital-equity) — Series B, Series C, Series D
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B, Series C, Series D
- Vertex Ventures Israel (https://capitalatlas.ai/funds/vertex-ventures-israel) — Series B, Series C, Series D
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series B, Series C, Series D
- ORR Partners — Series B, Series C
- JP Asia Capital — Series C
- GE Capital — Series D