About Confluence Solar
Confluence Solar is a company based in Hazelwood (United States) founded in 2006 was acquired by GT Advanced Technologies in August 2011.. Confluence Solar has raised $12.7 million across 1 funding round from investors including GT Advanced Technologies, Convexa and Scatec Innovation. Confluence Solar operates in a competitive market with competitors including NexWafe, Hanwha, Pennar, NorSun and Daqo New Energy, among others.
- Headquarter Hazelwood, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.7 M (USD)
in 1 rounds
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Latest Funding Round
$12.7 M (USD), Series A
Sep 24, 2008
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Investors
GT Advanced Technologies
& 3 more
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Employee Count
Employee Count
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Acquired by
GT Advanced Technologies
(Aug 24, 2011)
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Funding Insights of Confluence Solar
Confluence Solar has successfully raised a total of $12.7M through 1 strategic funding round. The most recent funding activity was a Series A round of $12.7 million completed in September 2008. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $12.7M
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First Round
First Round
(24 Sep 2008)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2008 | Amount | Series A - Confluence Solar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Confluence Solar
Confluence Solar has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include GT Advanced Technologies, Convexa and Scatec Innovation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Develops and implements technologies in renewable energy and advanced materials.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Confluence Solar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Confluence Solar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Confluence Solar Comparisons
Competitors of Confluence Solar
Confluence Solar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NexWafe, Hanwha, Pennar, NorSun and Daqo New Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solar PV wafers are manufactured and supplied to cell producers.
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| domain | founded_year | HQ Location |
Manufacturer of solar cells, modules, and other related components
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| domain | founded_year | HQ Location |
Precision-engineered products and building solutions are manufactured.
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| domain | founded_year | HQ Location |
Mono-crystalline silicon wafers are supplied for the solar energy sector.
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| domain | founded_year | HQ Location |
Polysilicon and silicon wafers are manufactured for solar applications.
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| domain | founded_year | HQ Location |
Homeowners are connected to solar panel installers via a marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Confluence Solar
When was Confluence Solar founded?
Confluence Solar was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Where is Confluence Solar located?
Confluence Solar is headquartered in Hazelwood, United States. It is registered at Hazelwood, Missouri, United States.
Is Confluence Solar a funded company?
Confluence Solar is a funded company, having raised a total of $12.7M across 1 funding round to date. The company's 1st funding round was a Series A of $12.7M, raised on Sep 24, 2008.
What does Confluence Solar do?
Confluence Solar was founded in 2006 and is located in Hazelwood, United States. Crystal growth equipment and solutions are provided for the solar, LED, and electronics industries. Single crystal silicon substrates for solar applications are offered at a cost per watt below that of multi crystal substrates. Operations focus on materials and equipment tailored to these sectors.
Who are the top competitors of Confluence Solar?
Confluence Solar's top competitors include NexWafe, Pennar and Astronergy.
Who are Confluence Solar's investors?
Confluence Solar has 4 investors. Key investors include GT Advanced Technologies, Convexa, Scatec Innovation, and Oceanshore Ventures.