Canada · Series B startup

Who invested in Morgan Solar

5 rounds we have observed, with the 6 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cleantech

Funding summaryUpdated 26 Oct 2026

$48Mraised across 5 rounds since 2009, from 5 sources

$1.2MVenture$8.2MSeries A$19MSeries B$9.8MSeries B$10MRound
Latest round
Round, $10MJul 2016
Led by
Arctern Ventures
Biggest round
$19MSeries B · May 2011
Investors
6 (1 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2010201120122013201420152016
$1.2MVenture$8.2MSeries A$19MSeries B$9.8MSeries B$10MRound
First round
Venture, $1.2M
Oct 2009
Biggest round
$19M
Series B · May 2011
Usual gap between rounds
17 months
the median of 4

The rounds

  1. Jul 2016
  2. Nov 2011
    Series B$9.8M1 new

    Reported by fis.dowjones.com

  3. May 2011
    Series B$19M

    No investor was named in the report.

    Reported by venturebeat.comSEC filing: $5.5M sold, first sale May 2011

  4. Jan 2010
    Series A$8.2M3 new

    Reported by finsmes.comSEC filing: $200K sold, first sale Dec 2009

  5. Oct 2009
    Venture$1.2M

    No investor was named in the report.

    From a historical funding recordSEC filing: $1.2M sold, first sale Sept 2009

Founders and team

From Morgan Solar's own website: 6 on the team.

  • John Paul MorganPresident & CTO
  • Eric MorganExecutive Vice President, Sales & Operations
  • Nicolas MorganVice President, Business Development and Marketing
  • Mike AndradeCEO
  • Hugo NavarroCOO, Finance and Corporate Services
  • Dr. Allan TameshtitDirector of Intellectual Property

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

EnbridgeVC firm2rounds
IberdrolaGrowth equity2rounds
Arctern VenturesVC firm1round, led 1
Turnstone Capital ManagementPrivate equity1round
Kuwaiti Investment AuthorityInvestment firm1round
NyproCorporate VC1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

This firm lists Morgan Solar as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

Pyfera Growth CapitalFamily officePer its own site

Quick answers about Morgan Solar

Who invested in Morgan Solar?

Morgan Solar's investors include Enbridge, Iberdrola, Arctern Ventures, Turnstone Capital Management and Kuwaiti Investment Authority, and 1 more on record. Arctern Ventures led its latest round.

How much has Morgan Solar raised?

Morgan Solar has raised $48M across 5 rounds since 2009.

When did Morgan Solar last raise?

Morgan Solar's most recent round, $10M, was in Jul 2016, led by Arctern Ventures.

What was Morgan Solar's biggest round?

Morgan Solar's largest round on record is $19M (Series B), in May 2011.

Who backed Morgan Solar first?

Morgan Solar's first round on record, in Jan 2010, was backed by Iberdrola, Turnstone Capital Management and Nypro.

What stage is Morgan Solar at?

Morgan Solar's latest named round is a Series B, in Nov 2011.

Where is Morgan Solar based?

Morgan Solar is based in Canada.

Who led Morgan Solar's rounds?

Arctern Ventures led the funding round in 2016.

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