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New Deal


Announced

Completed

Telstra Ventures led a $15m funding round in OpenSolar.

Financials

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Transaction Value£12m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Private

software

Philippines

Software

Private Equity

Cross Border

Minority

information technology

Friendly

Venture Capital

Completed

Single Bidder

Synopsis

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Telstra Ventures, a venture capital firm, led a $15m funding round in OpenSolar, a software developer. “We started OpenSolar in Australia which is the most advanced solar market in the world, where you pay an extremely low price per watt and get your system installed within one to three weeks. With a leading position now in the Australian market, we’ve introduced much of that speed and efficiency to the rest of the world through our software,” Andrew Birch, OpenSolar Co-founder and CEO.

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