About Morgan Solar
Morgan Solar is a company based in Toronto (Canada) founded in 2007. Morgan Solar has raised $45.9 million across 7 funding rounds from investors including Iberdrola, Enbridge and Nypro. Morgan Solar operates in a competitive market with competitors including CFV Labs, EmaZys, Tau Science, AePVI and Sun Lab, among others.
- Headquarter Toronto, Canada
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Sectors
Energy & Utilities
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Email
***********
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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
$45.9 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Iberdrola
& 5 more
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Employee Count
Employee Count
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Funding Insights of Morgan Solar
Morgan Solar has successfully raised a total of $45.9M across 7 strategic funding rounds. 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 7
- Last Round Last Round
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First Round
First Round
(01 Oct 2009)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Grant - Morgan Solar | Valuation |
investors |
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| Jul, 2016 | Amount | Series C - Morgan Solar | Valuation |
investors |
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| Nov, 2011 | Amount | Series B - Morgan Solar | Valuation | Enbridge |
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Investors in Morgan Solar
Morgan Solar has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Iberdrola, Enbridge and Nypro.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on investing in clean tech sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
Investments & Acquisitions by Morgan Solar
Financial Statements - Morgan Solar
Morgan Solar Comparisons
Competitors of Morgan Solar
Morgan 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 CFV Labs, EmaZys, Tau Science, AePVI and Sun Lab, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solar module testing solutions are provided for photovoltaic performance improvement.
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| domain | founded_year | HQ Location |
PV testing instruments are developed for solar system fault localization.
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| domain | founded_year | HQ Location |
Test and measurement equipment solutions for Solar PV
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| domain | founded_year | HQ Location |
Develops innovative technologies for solar and wind energy projects.
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| domain | founded_year | HQ Location |
Offers damage assessment and performance testing for solar modules and components.
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Frequently Asked Questions about Morgan Solar
Morgan Solar was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Morgan Solar is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Mike Andrade is the current CEO of Morgan Solar.
Morgan Solar is a funded company, having raised a total of $45.9M across 7 funding rounds to date. The company's 1st funding round was a Series B of $9.8M, raised on Oct 01, 2009.
Morgan Solar was founded in 2007 in Toronto, Canada, within the renewable energy sector. Solar design simulation software is developed and supplied to support performance analysis of light management technologies. Key offerings include Sun Studio for comparing technology efficiencies, SimbaX for light concentration to minimize silicon cell usage, and SPOTlight for translucent photovoltaic shading in buildings. Sun Stream windows and Sun Block panels are also produced for architectural integrations.
Morgan Solar's top competitors include Tau Science, EmaZys and CFV Labs.
Morgan Solar has 6 investors. Key investors include Iberdrola, Enbridge, Nypro, Sustainable Development Technology Canada, and ArcTern Ventures.