Sungevity Obtains $50,000,000 New Funding
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5318bfc3-e3d9-405a-872e-33b2e6517452 - 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
