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Enphase Nets $14 Million Venture Capital

Monday, June 27, 2011 5:54:00 AM PDT | VentureDeal Staff
   Petaluma, California  --  Solar energy technology company Enphase Energy has secured $14 million in new venture capital equity and debt, according to an SEC regulatory filing.

Enphase sells what it calls "the world's most efficient microinverter" to increase the effectiveness and efficiency of solar energy systems.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

Enphase is still seeking an additional $37.5 million, according to the filing.

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