Omnidian, a Seattle, WA-based provider of residential and C&I solar system protection plans and performance guarantees, raised $15m in Series A funding.
The round was led by IA Capital, with participation from the venture arms of major utilities Evergy, National Grid (National Grid Partners) and Avista Corp, as well as Blue Bear Capital, Congruent Ventures and City Light Capital.
The company intends to use the funds to continue to expand its busines reach across the country, including NY and CA, and to dealers representing over 75 percent of the U.S. solar market.
Led by Mark Liffmann, CEO, Omnidian has built a proprietary technology platform that provides continuous monitoring for residential solar systems and large-scale residential portfolios and offers an end-to-end performance guarantee, including proactive service alerts and field service for the life of residential solar systems and cash back for lost energy.
Now, the company will continue to support its multiple Fortune 1000 clients’ residential lease portfolios and grow its Elite Dealer Program, which allows residential solar dealers to include comprehensive system protection and cash-back performance guarantees for all cash and loan customers.
FinSMEs
25/06/2019