Stonehenge Growth Capital, a subsidiary of Stonehenge Capital Company, made the investment through the Invest CT program.
The company will use the funds to expand operations in Connecticut and provide clean energy technology to hundreds of low- to moderate-income Connecticut households.
Led by CEO Thomas Neyhart, PosiGen installs solar panels used to heat, cool and illuminate homes in an eco-friendly and affordable way. They have already reduced the energy cost burden faced by over 10,000 families across four states, including Connecticut, New York, Louisiana and Florida.
The company has more than 10,000 residential customers, over 150 direct employees and supports more than 120 employees through its contractors in Louisiana, Connecticut, New York and Florida.