What is Draker?
Draker specializes in delivering accurate and reliable solar monitoring and asset management solutions tailored for commercial and utility-scale photovoltaic (PV) systems. Their integrated, end-to-end monitoring systems combine robust field instrumentation with an intuitive web-based information management application and dedicated customer support. Headquartered in Vermont, USA, with additional offices in California and New Jersey, Draker designs, manufactures, and sells PV monitoring, management, and controls systems to the global marketplace, aiming to help owners and operators maximize the efficiency and profitability of their solar assets.
How much funding has Draker raised?
Draker has raised a total of $5.4M across 1 funding round:
Private Equity
$5.4M
Private Equity (2014): $5.4M with participation from Harbor Light Capital Partners and Austin Ventures
Key Investors in Draker
Harbor Light Capital Partners
Harbor Light Capital Partners is a regional venture capital firm focused on investing in New England and the Intermountain West, dedicated to building long-term value and fostering growth for supported businesses.
Austin Ventures
Austin Ventures is a Texas-based investment firm with a long history of empowering entrepreneurs, focusing on early-stage and middle-market investments with a patient, long-term approach to building outstanding businesses.
What's next for Draker?
The substantial enterprise-level funding and recent strategic investment indicate Draker's strong position for scaling its operations and expanding its market reach. This capital infusion is likely to fuel further development of its monitoring and asset management technologies, enhance customer support infrastructure, and potentially support international expansion efforts. As the solar industry continues its growth trajectory, Draker's focus on maximizing PV system efficiency and profitability positions it to capitalize on increasing demand for sophisticated asset management solutions.
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