Vancouver startup Daanaa Resolution has raised a USD $7 million Series A round led by VoLo Earth Ventures.
Daanaa’s proprietary semiconductors provide medium- and modality-free power transactions. That allows solar panels to overcome conventional hardware restrictions of cell connectivity, optimizers and inverter composition, dramatically increasing power production and reducing BOS costs.
Alumni of UBC’s HATCH Accelerator Ventures, Daanaa was runner-up in the 2020 New Ventures BC Competition and Techcouver named Daanaa to its 10 Homegrown B.C. Startups to Watch in 2021.
The funding will be used to complete Daanaa’s first product in the solar energy vertical and move into commercialization.
VoLo Earth, a venture capital firm investing in the new energy economy, sees Daanaa as a versatile technology addressing the global climate crisis.
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