What is Cleanfund?
Cleanfund operates at the intersection of commercial real estate and renewable energy, providing specialized PACE financing that enables property owners to implement energy-efficient upgrades without traditional capital expenditure constraints. By structuring repayments through property tax assessments, the company effectively removes the upfront cost barrier for developers and building owners. This model not only enhances the operational efficiency of commercial assets but also aligns with broader environmental, social, and governance (ESG) mandates. As a market leader, Cleanfund serves a diverse ecosystem of stakeholders, including municipalities, lenders, and real estate developers, facilitating long-term value creation through sustainable building retrofits and renewable energy integration.
How much funding has Cleanfund raised?
Cleanfund has raised a total of $80M across 3 funding rounds:
Series A
$5M
Unspecified
$60M
Series B
$15M
Series A (2015): $5M, investors not publicly disclosed
Unspecified (2015): $60M, investors not publicly disclosed
Series B (2017): $15M, investors not publicly disclosed
Key Investors in Cleanfund
Undisclosed Investor
Undisclosed investor participating in the funding round.
Undisclosed Investor
Undisclosed investor participating in the funding round.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for Cleanfund?
With the successful acquisition of $0, Cleanfund is well-positioned to accelerate its market penetration and expand its portfolio of financed projects. The company is expected to leverage this capital to enhance its proprietary underwriting technology and deepen its relationships with institutional lenders. As regulatory frameworks increasingly favor green building initiatives, Cleanfund's ability to provide 100% financing for eligible projects will likely serve as a competitive moat. Future strategic efforts will likely focus on scaling its national footprint and diversifying its product offerings to address the evolving needs of the commercial real estate sector, ensuring that energy efficiency remains a core component of property valuation and asset management strategies.
See full Cleanfund company page
