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Announced

LeapFrog Investments led a $70m Series D round in Sun King.

Financials

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Transaction Value£273m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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semiconductor manufacturing

Single Bidder

Acquisition

Completed

Semiconductors

Venture Capital

Friendly

Private

Minority

Private Equity

Domestic

United States

Synopsis

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LeapFrog Investments, a private equity firm, led a $70m Series D round in Sun King, a developer of renewable energy semiconductors, with participation from BeyondNetZero and M&G Investments. “We are proud that LeapFrog is investing in Sun King to expand access to energy with renewable solar power. LeapFrog brings a wealth of experience meeting the needs of customers in the countries where we are working to make solar energy solutions easily accessible to everyone. With this Series D extension, Sun King has launched operations in Togo and Cameroon with plans to expand into new countries in 2023," Anish Thakkar, Sun King Co-Founder.

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