November 4, 2015

NEXTracker Acquired by Flex

NEXTracker is a designer and manufacturer of advanced single-axis solar photovoltaic trackers that offer lower costs, better performance and more flexibility for solar power plants of all sizes. In December 2014, SJF Ventures led a Series B financing for the company, resulting in $25 million of new equity and debt growth capital. The company grew extremely rapidly, powered by large deployments in Chile, Mexico, Honduras, Australia, and the U.S.

In September, NEXTracker was acquired by Flex for up to $330 million to further scale Flex’s smart, connected energy technologies offerings globally. Dave Kirkpatrick and Dan Geballe led SJF’s investment and engagement with NEXTracker.