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Tue, May

PVComplete Closes Series A Backed By EDP Ventures, Expands To Europe

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PVComplete, an Oakland, California-based solar design-software provider, today announces the completion of its Series A investment round led by EDP Ventures in Portugal and backed by Syzygy West in the US, among other investors.

Series A funding has enabled PVComplete to launch a subsidiary in Porto, Portugal, to lead product and business development for the European market.

PVComplete’s Portugal office will house technical and sales staff, serving professional design solutions to early adopters in Europe who have begun using PVComplete design and engineering software.

“PVComplete’s solar software brings scalable solutions to an international market that’s achieving unprecedented scale. Now operating on both sides of the Atlantic, we can more effectively address sales, design and engineering challenges for rooftop solar while bringing automation and optimization to not only rooftop projects but also utility-scale projects of all sizes,” said PVComplete CEO Claudia Eyzaguirre.

Through the expansion, PVComplete can extend engineering expertise and build software to European electrical specifications. PVComplete can also expand live customer  Support and training to European time zones. Supporting and training are core aspects of PVComplete’s corporate identity.

“We received very good internal feedback about PVComplete’s PVSketch and PVCAD capabilities for solar design, both at the residential and utility level. We believe the solar market will continue to grow at an accelerated pace and we are excited to sponsor PVComplete expansion into the European market by investing in their Portuguese subsidiary with our EDP Cleantech Fund supported by EDP Group and IFD-Instituiçã o Financeira para o Desenvolvimento,” said Luis Manuel, a member of the EDP Ventures board.

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