Mosaic, an Oakland, California-based provider of financing to homeowners to purchase rooftop solar systems, raised $220m in equity financing.
The round was led by Warburg Pincus with participation from Core Innovation Capital and Obvious Ventures.
The company intends to use the funds to expand in rooftop solar loan market.
Founded in 2010 by Billy Parish and Daniel Rosen, Mosaic is a provider of affordable solar financing solutions for homeowners. Customers are connected to top solar installers and can qualify instantly for loans with fixed interest rates and multiple term options. For solar installers, the company provides a financing platform to drive sales growth.