Renewable Funding Closes $20M Funding

Renewable Funding, an Oakland, CA-based clean energy finance firm, closed a $20m funding.

The round was led by Prelude Ventures, Angeleno Group and Apollo Investment Corp., with participation from NGEN Partners and Claremont Creek Ventures.

The company intends to use the funds to accelerate expansion of clean energy financing programs throughout the United States.

Led by Cisco DeVries, co-founder and CEO, Renewable Funding specializes in delivering large scale, low-cost capital for energy efficiency and renewable energy products serving homes and businesses. It has provided programs and financing in more than a dozen states and is currently expanding.
In April, the company announced the launch of the Warehouse for Energy Efficiency Loans (WHEEL), a national financing platform that will bring low-cost, large-scale capital to government and utility-sponsored residential energy efficiency loan programs.
WHEEL is a collaboration between Citi, the Pennsylvania Treasury, Renewable Funding, and others.



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