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ACQUIRED COMPANY
 
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Sungevity  Merged with Horizon Solar Power (2017  amount undisclosed )

66 Franklin Street #310
Oakland, CA 94607
USA
510.496.5500
Website Company Summary Management Team
Board

Outside board: (May no longer be on the board) Alec Guettel (Sungevity co-Founder) Peter Shannon (Firelake Capital Management Managing Director) Robert Davenport (Brightpath Capital Partners Managing Partner) David Asarnow (The TCW Group SVP)
Former outside board: A. George Battle (Ask.com) Charles Finnie (Greener Capital Partners Managing Partner)
Company

Business description: Sungevity is a technology-driven solutions provider, offering exceptional service and choice to residential and commercial solar energy customers. Sungevity’s asset-light business model focuses on value-added in-house services for software platform development, project management and customer experience; this focus is enabled by a strong, scalable network of third-party providers for asset-intensive and/or lower margin provision of hardware, installation services and financing. Sungevity’s disruptive and competitive model delivers greater value directly to customers and, for stockholders, captures immediate financial value at the time of sale. The compamy has chaged their name to Solar Spectrum.
Partners include: SunRun;  Lowe’s ;  Nickel Energy ;  Sierra Club ;  Viridian
Capital

Rounds: 7
Recent Fundings: Feb 2019   Jul 2013
Capital raised: 245.5M
Last Round: 50.0M
Ownership: Merged with Horizon Solar Power (2017  amount undisclosed )
VCs include: Firelake Capital;  Greener Capital Partners;  Craton Equity Partners ;  Brightpath Capital Partners ;  Vision Ridge Partners ;  Eastern Sun Capital Partners GE Ventures ;  Jetstream Ventures ;  SharesPost Investment Management ;  Isolventures
Corporate investors: Solon
Private equity: CCM Energy;  impact investment fund

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Overview
Record updated: Sep 2018
Sector: Clean Technology
Headcount: 401-500 as of Dec 2010
Rounds: 7
Recent Fundings: Feb 2019   Jul 2013
Capital Raised: 245.5M
Last Round: 50.0M
Ownership: Merged with Horizon Solar Power (2017  amount undisclosed )