Major investment in solar software leader to drive next phase of growth
SAN FRANCISCO–(BUSINESS WIRE)–November 2, 2015–
Sighten, the leading solar software provider, today announced it has closed a $3.5M Series A financing round. This financing is led by Obvious Ventures, a venture capital firm focused on world-positive businesses building solutions to the world’s systemic challenges. The investment is one of the largest in solar software to date, and enables Sighten to rapidly develop its end-to-end platform and support its growing customer base.
“The solar industry is at a turning point. While we have seen significant advances in solar hardware, financing, and sales, software has grown more slowly and still involves horizontal tools and point solutions,” said Andrew Beebe, managing director of Obvious Ventures. “A complex industry like solar benefits from dedicated software which acts as a standard platform for all parties in the value chain. When we got to know the Sighten team and fully grasped the scope and depth of their software, it became a very easy decision to support their growth.”
Sighten offers the most advanced software toolset for solar-a comprehensive and flexible platform spanning the entire project lifecycle from initial lead to ongoing portfolio management. To date, solar companies and investors have had to navigate a patchwork of solutions or build in-house tools, creating inefficiencies, increasing costs, and holding back growth. By consolidating key functionality into a single platform, Sighten allows its customers to focus on what they do best and not worry about building or integrating software.
“We are excited to partner with Obvious Ventures and continue to help our clients succeed through technology,” said Conlan O’Leary, CEO and co-founder of Sighten. “Our team of industry veterans have decades of experience working in solar and the scar tissue to prove it. We’ve built every aspect of the Sighten toolset with specific industry challenges in mind and our partners appreciate the domain-expertise embedded in our software. With funding and counsel from Obvious Ventures, we will rapidly scale the organization to further develop our platform and continue to support our customers throughout the solar ecosystem.”
Andrew Beebe will join Sighten’s board of directors as part of the investment. Beebe was previously vice president of distributed generation for NextEra Energy and chief commercial officer at Suntech.
Sighten is the leader in solar software. Built with care by a team of solar industry veterans, the Sighten platform helps solar companies and investors optimize their businesses, driving growth and efficiency through technology. Customers include leading investors, lenders, financing companies, installers, and originators. For more information, please visit www.sighten.io.
ABOUT OBVIOUS VENTURES
Based in San Francisco, CA, Obvious Ventures is an early stage venture capital firm focused on world-positive startups across sustainable systems, healthy living, and people power. Evan Williams, co- founder of Blogger, Twitter and Medium, helped form Obvious Ventures in early 2014. More information is available at www.obvious.com.
Mike Simmons, 201-465-8030