SunFunder provides short-term, working capital and project finance loans for solar home systems, micro-grids and commercial solar projects in emerging markets. Led by CEO Ryan Levinson, the company also raises debt capital through its Solar Empowerment Fund, offering accredited investors a risk-reduced, fixed-income investment opportunity in diversified portfolios of solar loans across multiple countries and technologies. SunFunder has financed $1.3M of solar projects across 14 solar companies in six countries and reports a zero percent default rate. The company intends to use the $2.5M Series A equity proceeds to expand its capacity in local markets and substantially grow its loan portfolio. Over the next three years it aims to raise and deploy $100 million into solar projects worldwide.

Total raised

$3M

Funding rounds

1

Latest round

Series A

Latest activity

Nov 2014