Sungevity Raises $15M in Equity Financing

Sungevity, Inc., an Oakland, CA-based global provider of solar solutions, raised $15m in equity financing.

It includes an investment from GE Ventures. The financing folloed a $125m round raised earlier in 2013 (read here).

The company nintends to use the capital for the development of new service offerings and grow its global presence.

Led by Andrew Birch, CEO, Sungevity uses proprietary web-based technology to provide its customers and partners with solutions in the distributed solar market. The company currently services nine U.S. states including Arizona, California, Colorado, Connecticut, Delaware, Maryland, Massachusetts, New Jersey and New York, and has a presence in Europe through Netherlands-based Zonline, and in Australia through a joint venture called Sungevity Australia.



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