CleanFund Commercial Capital, Inc., a Sausalito, CA-based direct provider of commercial Property Assessed Clean Energy (“C-PACE”) financing, closed $15M Series B in equity financing.
The round was led by entities affiliated with Vulcan Capital. In addition, Vulcan Capital has committed to provide CleanFund $100m in C-PACE capital to support the adoption of clean energy and other value-added improvements to commercial properties nationwide.
Founded in 2009, and led by Greg Saunders, CEO, CleanFund Commercial PACE Capital is a direct provider of long-term financing for energy efficiency, water conservation, renewable energy and seismic improvements to commercial, multifamily and other nonresidential properties in the U.S.
With expertise in commercial real estate, finance, renewable energy and PACE policy, the company offers PACEDirect™ and SolarPACE™ financing programs, enabling property owners to upgrade their properties with no up-front cost while increasing property cash flows and value.