What is Groundswell?
Groundswell operates at the intersection of renewable energy and social equity, specializing in community solar, resilience hubs, and energy efficiency initiatives. The company is fundamentally transforming how underserved populations access clean power, with a strategic focus on the Heartland, Mid-Atlantic, and Southeast regions. Through its proprietary SolMate data platform, Groundswell streamlines project deployment, effectively reducing electricity costs for thousands of households. By aligning environmental sustainability with local economic development, the firm has established a scalable model that preserves affordable housing while driving significant annual energy savings for families across the United States.
How much funding has Groundswell raised?
Groundswell has raised a total of $15.4M across 3 funding rounds:
Debt
$150K
Debt
$225K
Angel/Seed
$15M
Debt (2020): $150K with participation from PPP
Debt (2021): $225K led by PPP
Angel/Seed (2021): $15M supported by Core Innovation Capital, Moonshots Capital, Human Ventures, GV, and Felicis Ventures
Key Investors in Groundswell
Core Innovation Capital
A fintech-focused venture capital firm that invests in early-stage businesses aimed at unlocking wealth and health for the mass market, emphasizing the alignment of profit with customer impact.
Moonshots Capital
A veteran-founded venture firm based in Los Angeles and Austin that leverages extensive entrepreneurial and military experience to support world-changing companies.
GV
A global venture capital firm that invests across multiple stages and sectors, including enterprise solutions and frontier technology, providing significant financial backing to high-growth startups.
What's next for Groundswell?
With this major enterprise-level funding, Groundswell is positioned to accelerate its ambitious roadmap toward providing over $29 million in annual energy savings by 2030. The company is expected to scale its SolMate platform, enhancing its ability to connect distributed energy resources with local community needs. As the firm transitions into a more mature growth phase, the focus will likely shift toward expanding its footprint in key regional markets and deepening its integration with local utility providers. This strategic capital will be instrumental in bolstering operational capacity and refining the technological infrastructure required to support 36,000 families, ultimately setting a new standard for community-led energy resilience.
See full Groundswell company page
