We are excited to announce that our team at CleanCapital closed its Series A with a total investment of $3.7 million. This investment came through 50 investors to include FinTech and CleanTech leaders as well as SeedInvest’s Selections Fund in this latest round. The new capital will allow us to accelerate implementation of our technology roadmap, scale operations, grow our team, and expand opportunities for clean energy investing.
This new funding is driving our innovative approach to connect investors with investment-ready portfolios of solar projects across the United States. The capital will help us as we are actively acquiring seasoned solar projects that generate long-term contractual cash flows with creditworthy counterparties providing predictable long term returns. Our team performs best in class underwriting evaluation that uses our seasoned experience and proprietary metrics to acquire quality assets.
To date, our team has financed over $50M of solar projects and more than 20 MW in operating solar assets. We are already reducing barriers for institutional investors to access projects, and allows project owners to seamlessly exit their current portfolios.
Who is investing?
We competed to be featured on leading startup fundraising platform SeedInvest which historically has accepted just 1% of startup applicants. In addition to SeedInvest, CleanTech leaders including Jeff Phillips, Treasurer and Co-Founder of the Corporate Climate Alliance and Barney Schauble, Managing Partner of Nephila Advisors join FinTech pioneers Ron Suber, President of Prosper Marketplace, Jon Barlow, Founder of Eaglewood Capital Management, and Bradley Pattelli, Former Chief Investment Officer of LendingClub with investments in CleanCapital.
We are busy implementing our technology road map and growing our team to make clean energy investing simple and accessible to everyone. We will continue to be a leading exit option for solar developers, and we will soon introduce new innovative financing products that will continue to propel clean energy growth.