Skyline Innovations, a Washington, DC-based provider of solar water heating systems, closed a $2m mezzanine financing.
The round was led by CCM US, with participation from DC Community Ventures.
The company intends to use the funds to continue to expand.
Founded in 2009 and led by Zach Axelrod, CEO, Skyline Innovations provides customers (businesses and multifamily buildings) with a fixed discount to their utility rates for water heating. The company offers a complete solution that finances, installs, monitors and maintains clean, reliable commercial-scale solar water heating systems at no upfront cost.
The company has offices in Los Angeles and San Diego.