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Spruce Finance

201 Mission Street, 11th Floor
San Francisco, CA 94105
USA
866-525-2123
Website Company Summary Management Team
Management

CEO: Nat Kreamer (9/2/2011)
President/COO/Operations: Darren Thompson (6/30/2016) ; Steve Olszewski (3/31/2016)
Technology: Adam Marsh
Sales/Marketing: Tom Harvey ; Michael Pryde
Board

Outside board: (May no longer be on the board) Nat Goldhaber (Claremont Creek Ventures) Joe Kraus (GV Partner) Jeff Barnes (Clean Pacific Ventures) Brian Robertson (Amonix CEO) Daniel Oros (G2VP Partner)
Advisory board: Gary Kremen (Spruce Finance Chairman)
Company

Business description: Spruce’s financial services and software power the U.S. residential solar industry. Spruce’s financing platform connects companies that sell and install residential solar in eleven states. Solar marketers and installers access a full suite of affordable consumer solar finance products, including power purchase agreements, leases and PACE financing. Spruce’s software, CPF Tools®, has helped solar professionals in all 50 states design, quote and sell solar deals. Founded in 2006, Spruce has raised more than a billion dollars of project financing from investors that include Fortune 500 corporations, electric power companies and major financial institutions.
Partners include: Aon eMotion Get Satisfaction ;  Conergy Group ;  Paramount Solar ;  Soligent ;  Suntech America ;  SunWize
Capital

Rounds: 5
Recent Fundings: Jun 2017   Apr 2013
Capital raised: 93.9M
Last Round: 25.0M
Ownership: Private  
VCs include: Kleiner Perkins Edison International Claremont Creek Ventures ;  Clean Pacific Ventures GVCowboy VenturesBaseline Ventures;  HPS Investment Partners
Angels/other VCs: Gary Kremen (Netangels)

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Overview
Record updated: Jun 2017
Sector: Clean Technology
Year Founded: 2008
Rounds: 5
Recent Fundings: Jun 2017   Apr 2013
Capital Raised: 93.9M
Last Round: 25.0M
Ownership: Private