Evergrow, a San Francisco, CA-based provider of a platform for clean energy tax credits, raised additional $7M in funding.
The round, which brought the total amount to $14M, was led by existing investors, including First Round Capital, XYZ Venture Capital, Congruent Ventures, and Garuda Ventures.
The company intends to use the funds to expand the platform’s diligence, risk management, and transactional capabilities.
Led by James Richards, CEO and Founder, Evergrow provides funding for clean energy projects in the United States by financing clean energy tax credits. By partnering with it, developers, corporations, brokers, syndicators, and other market participants can transact in green tax credits, which provides funding for new clean energy infrastructure projects.
The company also announced that it now has over $150M worth of clean energy projects on its platform that are expected to come online over the next year.
FinSMEs
18/04/2023