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ISOTeam emerges as $5 mil investor in Sunseap’s third round of funding

PC Lee Published on Wed, May 03, 2017 / 3:25 PM GMT+8

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SINGAPORE (May 3): Catalist-listed ISOTeam has emerged as the subscriber of $5 million worth of preference shares issued by Sunseap Group.

The issuance of Series C preference shares was Sunseap’s third round of funding which valued the latter at more than $200 million.

The funding round will help Sunseap, one of South East Asia’s largest sustainable energy providers, expand in Singapore and the region, and scale its operations following the successful implementation of several solar energy projects in Singapore and the region including Malaysia, India, Vietnam, Thailand and the Philippines.