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Tandem PV

Fremont, CA · Founded 2016 · Privately Held (backing)

Developer of silicon solar panel technology designed to improve panel efficiency. Tandem PV is based in Fremont, CA and was founded in 2016. It was valued at $85 million at its later-stage round in Mar 2025, the last priced event on record. It has raised $68 million across 1 recorded round; the latest was a $9.1 million early-stage round in Jan 2022.

PMV mark · valuation
$85.0M
Oct 2026
Priced at
its later-stage round
Mar 2025
Total raised
$68.0M
Last round
Early Stage VC
Jan 2022

Tandem PV key facts

as of Oct 2026
  • Developer of silicon solar panel technology designed to improve panel efficiency.
  • Tandem PV is valued at approximately $85.0M as of Oct 2026, set at its later-stage round, Mar 2025; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $68.0M across 1 recorded rounds; the latest was Early Stage VC ($9.1M) in Jan 2022.
  • Notable investors include US National Science Foundation, U.S. Department of Energy, Uncorrelated Ventures, Activate Global, Eclipse Capital — 22 tracked in total.
  • Tandem PV has filed 1 Form D with the SEC, most recently Feb 2022 ($9.1M sold to 10 investors).
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$85.0M

Valued at $85.0M at its later-stage round, Mar 2025. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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Tandem PV funding rounds

1 rounds
Jan 2022Early Stage VC$9.1MSEC filing▮
Full funding history →

Tandem PV valuation

Tandem PV was valued at $85 million at its later-stage round in Mar 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Tandem PV raised?

Tandem PV has raised $68 million in total; 1 of its rounds is on record. The largest on record was a $9.1 million early-stage round in Jan 2022.

Tandem PV has filed 1 Form D with the SEC, most recently in Feb 2022 ($9.1 million sold to 10 investors).

Tandem PV investors

22 investors are on record for Tandem PV, including US National Science Foundation, U.S. Department of Energy, Uncorrelated Ventures and Activate Global. The early-stage round in Jan 2022 drew 10 investors.

About Tandem PV

Developer of silicon solar panel technology designed to improve panel efficiency. The company's semiconductors utilize metal-halide perovskite or silicon tandems for practical panel efficiency that integrates perovskite photovoltaics in a cell with existing silicon technology, enabling clients to have a step function increase in the value and market potential of solar energy while decreasing installed systems costs.

Sector
Energy
HQ
Fremont, CA, United States
Founded
2016
Employees
39
Ownership
Privately Held (backing)

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