Press releases

CleanCapital and BlackRock Announce New Partnership to Drive Capital into Distributed Clean Energy Markets

NEW YORK (Nov. 8, 2018) – CleanCapital is pleased to announce a new partnership with BlackRock’s global renewable power platform today with the closing of a 46.9 MW portfolio of solar assets from ATN International, Inc. subsidiary, Ahana Renewables. The portfolio consists of 60 operating solar projects located in California, Massachusetts and New Jersey. The acquisition is CleanCapital’s largest to date.

This transaction highlights both CleanCapital and BlackRock Real Asset’s ability to execute on large, complex deals in the distributed clean energy space. CleanCapital’s technology-driven approach, coupled with access to dedicated capital from funds managed by BlackRock, streamlines and expedites due diligence and analysis, allowing complex deals to close efficiently. In partnering with CleanCapital, BlackRock Real Assets has expanded its footprint in the renewable power sector and further demonstrated its commitment to the attractive investment opportunities in sustainable real assets presented by the global energy transition.

With today’s announcement, CleanCapital has now acquired nearly $250m of operating solar assets in the United States since its founding less than 3 years ago. It has done so by pairing institutional capital with technology solutions that simplify underwriting in this fragmented space. In fact, this was the first acquisition that was managed entirely through CleanCapital’s diligence software platform.

“This transaction ushers in a new phase for CleanCapital as we launch our partnership with one of the world’s leading renewable power investors, BlackRock, leveraging our cutting edge software,” said Thomas Byrne, CEO of CleanCapital. “As the energy landscape becomes cleaner and more distributed, CleanCapital will continue to create solutions and partnerships that deliver capital throughout this transforming market.”

“BlackRock Real Assets is excited to launch this new partnership with CleanCapital, which will allow us to more efficiently deploy capital in the distributed generation sector of renewable power on behalf of our clients. Investors are increasingly interested in the investment opportunities presented by the rapidly changing clean energy space, and we’re pleased to invest in solar assets that are well-positioned to capitalize on those trends,” said David Giordano, Managing Director and Head of Renewable Power Americas and APAC at BlackRock. “We look forward to working with CleanCapital as we continue to grow our investments in distributed clean energy.”

To learn more, visit cleancapital.com

 

About CleanCapital
Founded in 2015, CleanCapital is a financial technology company that makes it easy to invest in clean energy. CleanCapital has built a proprietary technology platform that identifies, screens, and manages clean energy projects enabling project owners an opportunity to exit their portfolios while providing accredited investors, including institutional investors, family offices, and investment funds, unique access to the clean energy investment market. Stay up to date on the evolving market of clean energy finance by following the company on Twitter or Facebook or connecting via LinkedIn. Learn more at http://www.cleancapital.com.

About BlackRock
BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of September 30, 2018, the firm managed approximately $6.44 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.

About Ahana Renewables
Ahana Renewables, a subsidiary of ATN International, Inc., is a specialized investment firm focused on alternative energy and long-lived real assets. The company brings its experience to various infrastructure asset classes, capitalizing on bankable technology and strong project fundamentals. Ahana Renewables’ core expertise lies in deal sourcing, public/private contract negotiations and financial structuring to take controlling, owner/operator positions in projects and portfolios. Headquartered in San Francisco with offices and affiliates in Massachusetts, Singapore, and Hyderabad, the company currently operates distributed solar portfolios in India. More information is available at www.ahanarenewables.com.

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The Cleanie Awards™ Selects CleanCapital For Startup of the Year

NEW YORK (Oct. 23, 2018) – CleanCapital has been chosen as The Cleanie AwardsTM recipient for Startup of the Year. The Cleanie Awards program is the first comprehensive awards program exclusive to the cleantech industry. The program, in its inaugural year in 2018, sets out to recognize innovation excellence, business leadership and superior outreach campaigns. Nominations were submitted from individuals and organizations of all sizes and across many facets of the industry.

For CleanCapital, this award signifies how influential this company has been within the cleantech field, specifically within innovative and competitive field of companies bringing new ideas to market.

“The Cleanie Awards set out to identify the unsung movers and shakers in the industry, from the top of the Fortune 100 list to hot startups, pioneering individuals and high impact advocates,” said Elyssa Rae, program director, The Cleanie Awards. “CleanCapital exemplifies the type of innovation and leadership that we are seeking in an award winner. Their accomplishments serve as an inspiration to the broader cleantech industry.”

“We are honored to be selected for a Cleanie Award as Startup of the Year. Finance has a critically important role to play in order to accelerate the deployment of clean energy at the speed and scale required to mitigate the most severe impacts of climate change,” said Marc Garrett, Chief Technology Officer of CleanCapital. “We are tackling these challenges every day at CleanCapital, as we leverage technology to increase the flow of capital throughout the clean energy market.”

CleanCapital is a financial technology company that makes it easy to invest in clean energy. Despite the historic growth in clean energy, the flow of capital within the distributed space remains limited. CleanCapital is solving this challenge using proprietary technology to identify, screen, finance and manage clean energy projects. This unique approach is giving owners and developers the capital they need to grow while also providing investors with unique access to the distributed clean energy investment market.

Founded in 2015, 2017 was a pivotal year for CleanCapital. The company established strategic capital partnerships to finance distributed generation assets. To date the team has acquired nearly $150M in operating solar projects. In 2017 alone, CleanCapital doubled its state footprint and increased its megawatt production by 150%, and with current acquisitions totaling over 100 MWs in 12 states. CleanCapital also successfully launched the Experts Only podcast with over 30 episodes and 30,000 downloads to date and closed $3.7M in Series A financing.

CleanCapital was selected by a cohort of judges and leaders representing a cross section of the cleantech and renewable energy sectors, including Allie Burns, Village Capital; Thiam Giam, Black & Veatch Management Consulting, LLC; Marissa Gillett, Energy Storage Association (ESA); Kristen Graf, WRISE; Gil Jenkins, ACORE; Shalini Ramanathan, RES; Chris Vlahoplus, Scott Madden; and Tom Weirich, Rubicon Infrastructure.

A full list of winners can be found thecleanieawards.com.

To learn more, visit cleancapital.com

About CleanCapital
Founded in 2015, CleanCapital is a financial technology company that makes it easy to invest in clean energy. CleanCapital has built a proprietary technology platform that identifies, screens, and manages clean energy projects enabling project owners an opportunity to exit their portfolios while providing accredited investors, including institutional investors, family offices, and investment funds, unique access to the clean energy investment market. Stay up to date on the evolving market of clean energy finance by following the company on Twitter or Facebook or connecting via LinkedIn. Learn more at http://www.cleancapital.com.

About The Cleanie Awards:
The Cleanie Awards is the first comprehensive awards program exclusive to the cleantech industry. It generates much needed visibility for innovators and disruptors in the industry who are creating life [and planet] changing solutions. The campaigns recognized by the award program aim to influence public opinion about technologies delivering on the promise of a clean energy future. For more information, visit our website at www.thecleanieawards.com. Follow us on Twitter or Facebook at @CleanieAwards and on LinkedIn.

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CleanCapital Announces Second Acquisition in One Month, Adding 10.2 MW of Operating Solar

 The portfolio of two operating solar projects in Massachusetts leverages the $250 million equity partnership with CarVal Investors

New York, NY [May 31, 2018] CleanCapital announced a second solar acquisition from G&S Solar, a New York-based developer that builds, develops and operates solar systems in multiple states in the Northeast. The 10.2 MW portfolio comes less than a month after the acquisition of a 14.3 MW portfolio from X-Elio. This new portfolio is comprised of two solar projects located in Massachusetts and consists of high-quality customers including a corporate entity and municipality as the offtakers. CleanCapital’s proprietary platform enabled their ability to execute on these two complex transactions in a short timeframe. The technology, coupled with access to dedicated capital, streamlines and expedites due diligence and analysis, allowing complex deals like these to close efficiently.

Today’s announcement brings CleanCapital’s total to nearly $150m of acquired operating solar assets. It’s an exciting year for the team as they change the paradigm for clean energy finance. Despite the historic growth across the industry, the flow of capital within the space remains largely stagnant. Leveraging their proprietary platform and capital partnerships, CleanCapital is bringing liquidity to a historically capital inefficient clean energy marketplace.

“This is only the beginning. Closing two complex deals on such a short timeline is an exciting next step for us and the clean energy marketplace. We were founded on the principle that we can streamline the complexities of clean energy transactions by leveraging technology, allowing for more capital to enter the sector and accelerating clean energy deployment,” said Marc Garrett, CTO, CleanCapital.

“G&S Solar was pleased to sell a portion of its solar assets in Massachusetts to CleanCapital,” said John Faltings, President of G&S Solar. “Transactions such as this can get bogged down by the complex diligence process but the CleanCapital team was efficient and very professional at managing the acquisition of these operating solar assets. We look forward to working closely with them in the near future.” This deal was brokered on behalf of G&S Solar by Chris Hopgood of Ignite Renewable Capital, LLC.

CleanCapital is a financial technology company that makes it easy to invest in clean energy. They deliver technology solutions to all aspects of the transaction process—from lending to capital raising, origination to diligence. The proprietary technology platform identifies, screens, and manages clean energy projects enabling project owners an opportunity to exit their portfolios while providing accredited investors, including institutional investors, family offices, and investment funds, unique access to the clean energy investment market.

About CleanCapital:

Founded in 2015, CleanCapital is a financial technology company that makes it easy to invest in clean energy. CleanCapital has built a proprietary technology platform that identifies, screens, and manages clean energy projects enabling project owners an opportunity to exit their portfolios while providing accredited investors, including institutional investors, family offices, and investment funds, unique access to the clean energy investment market. Stay up to date on the evolving market of clean energy finance by following the company on Twitter or Facebook or connecting via LinkedIn. Learn more at http://www.cleancapital.com.

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CleanCapital Announces Acquisition of over 14.23 MW of Operating Solar Assets from X-Elio

The portfolio of eight operating solar projects in two states leverages new $250 million equity partnership with CarVal Investors

New York, NY [May 3, 2018] CleanCapital announced its largest solar acquisition to date from X-Elio, a Spanish developer with U.S. operations based out of Reno, Nevada. The 14.23 MW portfolio leverages capital from CleanCapital’s new partnership with CarVal Investors. These solar projects are located in California and Vermont and consist of high-quality customers including schools, a vineyard and two utilities. CleanCapital’s proprietary platform streamlines and expedites due diligence and analysis, allowing complex deals like this one to close in less than 60 days.

CleanCapital and CarVal Investors, a leading global alternative investment fund manager, announced a new $250 million equity partnership last month that, including debt financing, enables the acquisition of up to $1 billion of clean energy assets. This was the partnership’s first acquisition.

“CleanCapital remains committed to unlocking the billions of dollars of untapped capital sources that have been absent from this sector. We continue to look for partnerships with developers like X-Elio to provide liquidity and capital to small-scale, distributed energy markets,” said Jon Powers, President, CleanCapital.

“The CleanCapital team knows how to professionally manage the acquisition of operating solar assets. These deals can have a complex diligence process, but their team executed efficiently and seamlessly making our job as the seller much easier. I am looking forward to working closely with them in the future,” said Steve Sceery, Head of Corporate M&A, X-Elio.

CleanCapital is a financial technology company that makes it easy to invest in clean energy. They deliver technology solutions to all aspects of the transaction process—from lending to capital raising, origination to diligence. The proprietary technology platform identifies, screens, and manages clean energy projects enabling project owners an opportunity to exit their portfolios while providing accredited investors, including institutional investors, family offices, and investment funds, unique access to the clean energy investment market.

About CleanCapital:

Founded in 2015, CleanCapital is a financial technology company that makes it easy to invest in clean energy. CleanCapital has built a proprietary technology platform that identifies, screens, and manages clean energy projects enabling project owners an opportunity to exit their portfolios while providing accredited investors, including institutional investors, family offices, and investment funds, unique access to the clean energy investment market. Stay up to date on the evolving market of clean energy finance by following the company on Twitter or Facebook or connecting via LinkedIn. Learn more at http://www.cleancapital.com.

 

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CleanCapital announces $250 million equity partnership with CarVal Investors

New partnership, supports growing clean energy marketplace with up to $1 billion available to acquire and invest in solar projects

NEW YORK, NY- [April 9, 2018] CleanCapital, a fintech company that makes it easy to invest in clean energy, and CarVal Investors, a leading global alternative investment fund manager, today announced a new $250 million equity partnership that, including debt financing, enables the acquisition of up to $1 billion of clean energy assets. This partnership harnesses CarVal’s expertise across different asset classes and creates an opportunity to define clean energy as an investment-ready opportunity. To date, the CleanCapital team, founded by Jon Powers, Thomas Byrne, and Marc Garrett, has acquired nearly $100 million of operating solar projects. Their proprietary platform streamlines and expedites due diligence and analysis, allowing complex deals to close in less than 60 days.

The solar industry is on track to reach over 100GW of capacity by 2023; however, the flow of capital within the space remains largely stagnant. CarVal has a successful track record of leveraging the securitization market to enhance returns and tapping capital markets to broaden investable opportunities. This expertise will allow CleanCapital to bring much-needed liquidity to the historically capital-inefficient clean energy marketplace.

“CleanCapital’s approach is game-changing for accelerating investments in a sustainable energy future for America,” said Jerry Keefe, principal at CarVal Investors. “Their proprietary methodology to acquire solar assets takes what was once a complex and cumbersome process and makes it simple and secure for developers. We believe these assets have the potential to be solid, high-performing investments with predictable cash flows for investors. We’re excited to partner with CleanCapital as they continue to grow the clean energy economy and bring much-needed capital to the sector.”

“As the investment needs in renewables grow, broader participation from institutional investors is critical to transition from fossil fuels to a clean energy economy. This substantial capital commitment multiplies our ability to provide project owners with opportunities to successfully exit their portfolios. I’m convinced that the flow of capital into clean energy is irrepressible, and this deal is one more step in unlocking the billions of dollars of untapped capital sources that have been absent from this sector,” said Thomas Byrne, Co-founder and Chief Executive Officer of CleanCapital. “Partnering with CarVal Investors, one of the most dynamic and innovative capital partners in the market, increases the resources and experience to accelerate toward that goal.”

CleanCapital was connected to CarVal through Finitive, a financial technology platform providing institutional investors with access to alternative lending investments.

“Using its proprietary financial technology platform, CleanCapital has established a leadership role in the acquisition of solar renewable assets. We are excited that CleanCapital and CarVal have partnered to further accelerate the growth of CleanCapital’s portfolio. With this partnership and the capital provided by CarVal, CleanCapital will be able to achieve its acquisition goals for the near and medium term,” said Jon Barlow, Executive Chairman and founder of Finitive.

CleanCapital is a financial technology company that makes it easy to invest in clean energy. They deliver technology solutions to all aspects of the transaction processfrom lending to capital raising, origination to diligence. The proprietary technology platform identifies, screens, and manages clean energy projects enabling project owners an opportunity to exit their portfolios while providing accredited investors, including institutional investors, family offices, and investment funds, unique access to the clean energy investment market.

About CleanCapital:

Founded in 2015, CleanCapital is a financial technology company that makes it easy to invest in clean energy. CleanCapital has built a proprietary technology platform that identifies, screens, and manages clean energy projects enabling project owners an opportunity to exit their portfolios while providing accredited investors, including institutional investors, family offices, and investment funds, unique access to the clean energy investment market. Stay up to date on the evolving market of clean energy finance by following the company on Twitter or Facebook or connecting via LinkedIn. Learn more at http://www.cleancapital.com.

About CarVal Investors

CarVal Investors is a leading global alternative investment fund manager focused on distressed and credit-intensive assets and market inefficiencies. Since 1987, CarVal has invested $103 billion in 5,300 transactions across 79 countries. CarVal has a history of successful energy and power investments and is innovative in structuring partnerships in the renewables industry. For more information, visit www.carvalinvestors.com.

About Finitive

Finitive is a financial technology platform providing institutional investors with turnkey, zero-fee access to alternative lending investments. Its highly selective process, world-class investment team, and unique platform efficiently deliver capital to its originator partners. Through Finitive, institutional investors access a multi-trillion-dollar market that encompasses a broad spectrum of non-bank lending sectors, including specialty finance, online lending, marketplace lending, and private credit funds. Finitive’s originator partners gain efficient access to a global network of investors who are actively allocating to alternative lending.  All regulated activities are conducted through North Capital Private Securities, member FINRA/SIPC. For additional information, please visit Finitive’s website at www.finitive.com.

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For more information:
Contact: Lauren Glickman, press@cleancapital.com, (504) 258-7955

CleanCapital Continues Growth with New Hire, Melinda Baglio, Seasoned Project Finance Expert

New York, NY [Feb 14, 2018] – CleanCapital announced that Melinda Baglio recently joined the company to lead both legal processes and project acquisition for the team. As Head of Acquisitions and General Counsel, Baglio brings over a decade of experience in clean energy and project finance to support due diligence, financing and acquisition of new projects. Baglio’s hire will support CleanCapital’s work to increase the flow of capital across the clean energy marketplace while expanding opportunities for clean energy investing.

Finance and acquisition for renewable energy remains a hurdle for many project owners looking to sell and fund assets. CleanCapital’s innovative approach leverages technology to address these inefficiencies. Baglio, having spent the last eight years leading all aspects of project finance on numerous high-stakes and award-winning energy projects around the world, is bringing her expertise to CleanCapital. In this new role, Baglio will also support the CleanCapital team through all aspects of project acquisition, from due diligence to term negotiation and deal execution.

“I’ve been advocating for clean energy throughout my entire career. Since turning my focus to project finance I’ve had the opportunity to work on a number of innovative deals across the renewable energy space,” stated Baglio. “I’ve seen first hand the challenges related to executing a deal that are inhibiting growth in the clean energy sector. I was drawn to CleanCapital because of their innovative approach to tackle these challenges head-on and I’m excited to join the team of respected experts in the industry”

“Having worked with Melinda for many years, I witnessed her exceptional judgment and ability first hand. She has worked on a wide range of clean energy transactions and witnessed many of the challenges faced by developers,” said CleanCapital CEO, Thomas Byrne. “As CleanCapital strives to deliver innovative financing solutions to all segments of the clean energy market, that effort will be significantly advanced with the addition of Melinda.”

Most recently, Melinda was in the Energy infrastructure Project and Asset Finance group at White & Case LLP. Earlier in her career she was on the Project Finance team at Chadbourne and Parke LLP and an Environmental Advocate for NYPIRG.

About CleanCapital:

Founded in 2015, CleanCapital is a financial technology company that makes it easy to invest in clean energy. CleanCapital has built a proprietary technology platform that identifies, screens, and manages clean energy projects enabling project owners an opportunity to exit their portfolios while providing accredited investors, including institutional investors, family offices, and investment funds, unique access to the clean energy investment market. CleanCapital was founded in 2015 and are headquartered in New York, NY. Stay up to date on the evolving market of clean energy finance by signing up on our website, following us on Twitter, liking us on Facebook or connecting via LinkedIn. Learn more at https://cleancapital.com.

 

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For more info:
Contact: Lauren Glickman, press@cleancapital.com, (504) 258-7955

CleanCapital closes of $3.7M Investment Round to Help Investors Access Solar Market

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.

Click here if you are ready to sell your solar project!

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.

What’s next?

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.

CleanCapital Expands Team with Matt Eastwick, Former Managing Director of Global Environmental Fund

CleanCapital announced that Matt Eastwick has joined the company to structure and execute capital markets transactions. As Head of Capital Markets, Eastwick will bring an innovative approach to securing the optimal structures and investors for CleanCapital’s various and growing capital needs. Eastwick’s hire comes after a successful Series A equity raise this past summer, as CleanCapital continues to scale operations, while expanding opportunities for clean energy investing.

The renewable energy industry offers a variety of different financial structuring opportunities, and Eastwick, having spent the last eight years focused exclusively on these types of transactions, is bringing his expertise across several areas of fixed income and equity markets to the team. In this new role, Eastwick will also support the CleanCapital team to leverage big data analytics and technology to reduce inefficiencies that still exist for this sector of the market.

We are committed to creating innovative financing solutions that reach all segments of the market, and bringing a seasoned capital markets leader like Matt to the team will accelerate that effort.”— Thomas Byrne, CEO, CleanCapital

“Throughout my career in the capital markets and renewable energy finance, I’ve had the opportunity to work on a number of exciting and groundbreaking transactions,” stated Eastwick. “CleanCapital’s pioneering mission to innovate in the renewable energy market attracted me to join the company, and I look forward to building out our capital markets leadership.”

“Matt’s breadth of capital markets experience will help CleanCapital grow into a market leader,” said CleanCapital CEO Thomas Byrne. “We are committed to creating innovative financing solutions that reach all segments of the clean energy market, and bringing a seasoned capital markets leader like Matt to the team will accelerate that effort.”

Earlier in his career, Eastwick held various leadership positions at Credit Suisse, Deutsche Bank, and Merrill Lynch.

Jurgen Altziebler joins CleanCapital

Jurgen Altziebler has joined CleanCapital to lead the creative direction of our clean energy finance platform. As Head of Design, Jurgen will help expand CleanCapital’s online clean energy marketplace and will be responsible for managing our brand and visual identity.

A Webby award-winning creative director and interface architect for desktop and mobile applications, Jurgen adds deep expertise in information architecture and user experience (UX) to the CleanCapital team. Most recently, Jurgen was Product Design Lead at Elastic, a software provider that makes structured and unstructured data usable in real time for search, logging, security, and analytics use cases. As the first UX hire at Elastic, he pioneered product design at a rapidly growing enterprise software startup. During his time with the company, Jurgen combined multiple open source projects under one unified user interface and laid the foundation for versions to come. Jurgen’s exceptional talents have been awarded by One Show, Print Magazine, and The International Academy of Digital Arts and Sciences.

“When I learned about CleanCapital’s vision for clean energy and finance, I realized that this is a once-in-a-lifetime opportunity to create a global environmental impact with design,” said Jurgen. “Good design enables users to understand data and make smart decisions for their businesses, their families, and the future of our planet. It’s this synergy that transforms a business into a power brand.”
Earlier in this career, Jurgen held various roles with leading national corporations and nonprofit organizations across an array of industries, including CoreBrand, Siegel & Gale, OVEN Digital, ADP, American Express, AT&T, Microsoft, JPMorgan Chase, Pew Research, Pepsi, Motorola, and The World Bank. Jurgen studied design at the Parsons School of Design.

Solar hasn’t seen the revolution in UX that’s come to other industries. We face the challenge of visualizing complex data sets at the intersection of clean energy and finance. I can’t think of anyone better suited to help us grow in this environment than Jurgen.

CleanCapital Closes Investment Round Led By FinTech Leaders And Pioneers

WASHINGTON, DC— CleanCapital, an innovative online marketplace for clean energy investing, announced today the closing of the first round in Series A funding, as part of an ongoing capital raise. The new capital will allow CleanCapital to implement their technology roadmap and continue scaling operations, growing its team, and expanding opportunities for clean energy investing. CleanCapital’s proprietary platform has benefits that are two-fold, by creating opportunity for investment and increasing ease for project owners to exit their current portfolios. By reducing barriers both for the flow of capital and access to investments, CleanCapital is accelerating clean energy deployment.

This capital raise follows an exceptional first year for CleanCapital. To date, the team has financed over $40M of solar projects and more than 20 MW in operating solar assets. They have also received funding from industry leader John Hancock Life Insurance to finance numerous assets. CleanCapital has created a unique algorithm to efficiently scrub and value projects so that only the best investment opportunities are included in investment portfolios.

Investors include FinTech leaders and pioneers such as Ron Suber, President of Prosper Marketplace, Jon Barlow, Founder of Eaglewood Capital Management, and Bradley Pattelli, Former Chief Investment Officer of LendingClub. In addition, the company was recently selected to be featured on leading startup fundraising platform SeedInvest which historically has accepted just 1% of startups applicants.

“To accelerate clean energy we need a marketplace that provides all investors with access to this asset class. Our team is honored to be working with numerous FinTech pioneers to grow CleanCapital and clean energy more broadly,” said Thomas Byrne, Co-founder and CEO of CleanCapital. “CleanCapital is committed to attracting more investors to the space by providing a simple, understandable way to invest in clean energy.”

Ron Suber is at the center of San Francisco’s flourishing FinTech community. As of today, he’s invested in 16 FinTech companies, including high-profile players like DocuSign and SoFi, and serves as an official advisor to a half dozen companies.

“Clean energy is more important than ever before. I am excited to support CleanCapital as it provides retail and institutional investors with a simpler way to invest in clean energy. They have a strong team that can execute and a unique strategy to accelerate growth in the industry,” said Ron Suber, President of Prosper Marketplace.

Jon Barlow is the founder and former CEO of Eaglewood Capital Management, a leading P2P asset-management firm with approximately $2 billion of assets under management. He currently serves as a director and advisor to several FinTech companies, including Money360, eOriginal, VeriComply and Marketlend.

“I was initially attracted to CleanCapital because they are on the cutting edge of an emerging and highly scalable asset class, with an innovative platform that I believe helps create an attractive risk adjusted return profile for investors and accelerates clean energy at the same time,” Mr. Barlow said. “Furthermore, they have validated their market and I believe the company is poised to grow substantially as both institutional and retail investors discover the compelling merits of this platform.” Mr. Barlow’s investment was consummated following a multi-month due diligence process, and he will join CleanCapital as a board advisor.

Bradley Pattelli, the Founder of Troodon Advisors, is the former Chief Investment Officer of LendingClub. Prior to joining LendingClub, Pattelli was a partner at Angelo, Gordon & Co., a $26 billion alternative investments advisor, where he managed CDO portfolios and multiple non-investment grade portfolios while leading significant growth in assets and delivering solid returns. Pattelli, a Chartered Financial Analyst, holds a Bachelor’s of Science in Electrical and Computer Engineering from the University of Notre Dame and received an MBA from Columbia Business School, where he was most notably trained by Jim Rogers, Chairman of Rogers Holdings. CleanCapital is excited to welcome Mr. Pattelli to the Board of Directors.

“CleanCapital has the potential to profoundly transform clean energy by leveraging its proprietary technology to create a lower cost, more transparent flow of capital between projects and investors,” said Pattelli. “By streamlining the acquisition of high quality, clean energy projects, CleanCapital is able to pass through the benefits to its investors. I look forward to working with this talented team to help make CleanCapital a reliable provider of unique, tax efficient, impact investments to alternative fixed income investors.”

CleanCapital will be making a small portion of its Series A available to individual investors who are interested in clean energy through SeedInvest. For more information, potential investors may visit www.seedinvest.com/cleancapital.