What is Cleanfund?
Cleanfund specializes in Property Assessed Clean Energy (PACE) financing, a crucial mechanism for funding energy efficiency and renewable energy improvements on commercial properties. Their innovative financing solutions enable property owners to undertake substantial upgrades without upfront capital, with repayments integrated into property tax assessments. This model not only enhances property value and operational cash flow but also significantly contributes to environmental sustainability goals across California and nationwide. Cleanfund serves a diverse clientele, including lenders, real estate developers, and municipalities, facilitating the widespread adoption of clean energy technologies.
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
What's next for Cleanfund?
With its substantial enterprise-level backing, Cleanfund is poised to accelerate its market leadership in PACE financing. Future strategic initiatives are likely to focus on expanding its service offerings, forging new partnerships with municipalities and financial institutions, and potentially entering new geographic markets. The company's continued investment in innovative financing structures will be key to driving further adoption of energy-efficient and renewable energy solutions for commercial real estate, solidifying its role in the green economy.
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