First Solar

First Solar

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Investment Firm

Overview

First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive PV system solutions. By constantly decreasing manufacturing costs, First Solar is creating an affordable and environmentally responsible alternative to fossil-fuel generation.

First Solar modules are most effective when demand for traditional forms of energy is at its peak. First Solar set the benchmark for environmentally responsible product life cycle management by introducing a prefunded, comprehensive collection and recycling program for solar modules.

Highlights

Founded

1999

Industry

Manufacturing

Employees

5001-10000

Investment

3

Lead Investment

2

Exits

2

Stages

Late Stage Venture

Investor Type

N/A

Location

United States, North America

Contact Information

Social

Profile Resume

First Solar, established in 1999 and headquartered in United States, North America., specializes in Late Stage Venture investments across Energy, Solar, Energy Efficiency, Construction, Renewable Energy, Information Technology, Financial Services, Venture Capital, Impact Investing, CleanTech. The organization boasts a portfolio of 3 investments, with an average round size of $35.0M and 2 successful exits. Their recent investments include SolarCity, DBL Partners, Younicos, CubicPV, Polaris Partners. The highest investment round they participated in was $3.2B. Among their most notable exits are SolarCity and DBL Partners. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

imagePlace Georges Antoun

Georges Antoun

Chief Commercial Officer

imagePlace George Hambro

George Hambro

Member of the Board of Directors

Investment portfolio

First Solar has made 3 investments. Their most recent investment was on Jun 28, 2021, when CubicPV raised $25.0M.

investments

3

Diversity investments

0

Lead investments

2

Number of exits

2

Investments

3

Annouced DateOrganization NameIndustryMoney Raised
Oct 30, 2008
SolarCity SolarCity
Energy29.9M
Dec 08, 2015
Younicos Younicos
Energy50.0M
Jun 28, 2021
CubicPV CubicPV
Solar25.0M

Exits

2

Funding Timeline

Funding rounds

3

Investors

8

Funds

0

Funding Rounds

3

First Solar has raised 3 rounds. Their latest funding was raised on Jun 28, 2021 from a Venture Round - CubicPV round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Oct 30, 2008
Series D - SolarCity Series D - SolarCity
-29.9M-
Dec 08, 2015
Venture Round - Younicos Venture Round - Younicos
-50.0M-
Jun 28, 2021
Venture Round - CubicPV Venture Round - CubicPV
-25.0M-

Investors

11

First Solar is funded by 11 investor(s). Standard Chartered Bank and Truist Kantor are the most recent investors.

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

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