Sonnenbatterie GmbH, a German power storage system specialist, completed another round of financing of undisclosed amount.
The round was led by new investor Inven Capital.
The company intends to use the funds to supports its growth.
Founded in 2010 by CEO Christoph Ostermann, Sonnenbatterie is a manufacturer of energy storage systems with smart functions like peak shaving and remote management. Currently, the company has offices in seven countries and will present its US products to the local market in July.
Expansion into new markets will continue in 2016.
The company, which has US headquarters in Los Angeles, California and corporate headquarters in Bavaria, Germany, is also backed by eCapital, Munich Venture Partners (MVP) and SET Ventures.