SunRun Receives $55,000,000 Series C Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f21523f8-3df1-4999-b407-44620c541a92&Preview=1 -
Date
6/29/2010 -
Company Name
SunRun -
Mailing Address
717 Market Street San Francisco, CA 94103 -
Company Description
SunRun is the nation’s first residential solar electricity provider. Pioneering “solar as a service,” SunRun offers the only low-cost, zero-hassle way for homeowners to go solar and is also the only company that lets homeowners lock in an electricity rate that is lower than utility rates and never increases. -
Website
http://www.sunrunhome.com -
Transaction Type
Venture Equity -
Transaction Amount
$55,000,000 -
Transaction Round
Series C -
Proceeds Purposes
This funding round follows an announcement by SunRun and PG&E Corporation earlier this month of a $100 million tax equity project financing agreement to fund SunRun’s installation of more than 3,500 new home solar installations across the nation. -
M&A Terms
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Venture Investor
Sequoia Capital -
Venture Investor
Accel Partners -
Venture Investor
Foundation Capital
