Sungevity Obtains $50,000,000 New Funding

  • Feed Type
  • Date
    12/23/2015
  • Company Name
    Sungevity
  • Mailing Address
    66 Franklin Street Oakland, CA 94607 USA
  • Company Description
    Sungevity is a solar sales company, with a mission to take solar to the mainstream market. Our company has a strong team that brings together successful start-up experience, environmental leadership and solar industry knowledge. Sungevity has designed and launched a unique online sales process to make it easy and affordable for homeowners to go solar.
  • Website
    http://www.sungevity.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $50,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The transaction also includes up to $600 million in new project financing from a consortium led by Apollo Investment Corporation, subject to certain terms and conditions, to further support the development of solar projects across the company’s growing U.S. footprint of service areas.
  • M&A Terms
  • Venture Investor
    GE Ventures
  • Venture Investor
    Apollo Investment Corporation
  • Venture Investor
    Hercules Technology Growth Capital