Wunder Capital, a Boulder, CO-based solar project lending startup, raised $112m in Series A funding.
The round was led by Cyrus Capital Partners with participation from existing investors Techstars Ventures. In conjunction with the funding, Cyrus partner John Rapaport will join Wunder’s Board of Directors.
The company intends to use the funds to invest in technology, expand its financing platform, and empower its solar partner network.
Founded in 2013, Wunder Capital develops and manages solar investment funds by leveraging its national partnership network, tested processes, proprietary underwriting framework, and an online investment portal. Wunder actively manages from the sourcing of commercial solar opportunities, to the underwriting, contracting, and construction of each project. Once a system is live, the company manages the ongoing operation and maintenance of the array, bills the energy customer, and distributes proceeds to investors.