What is PosiGen?
PosiGen is dedicated to democratizing solar energy, making it affordable for homeowners irrespective of their income level. Founded in 2011, the company has distinguished itself through innovative 'no credit check' financing options, ensuring accessibility for all families. By reducing utility bills and fostering financial autonomy, PosiGen plays a crucial role in empowering underserved communities through sustainable energy solutions. The company's commitment to social equity and environmental responsibility positions it as a leader in the clean energy sector, driving both economic savings and ecological benefits.
How much funding has PosiGen raised?
PosiGen has raised a total of $765M across 12 funding rounds:
Other Financing Round
$3M
Private Equity
$5M
Debt
$90M
Unspecified
$20M
Debt
$2M
Series D
$60M
Unspecified
$100M
Debt
$250M
Other Financing Round
$200M
Other Financing Round (2017): $3M featuring Calvert Impact Capital and McKnight Foundation
Private Equity (2017): $5M backed by Stonehenge Capital
Debt (2019): $90M with participation from LibreMax Capital, Connecticut Green Bank, and Inclusive Prosperity Capital
Unspecified (2019): $20M led by GAF
Debt (2020): $2M supported by PPP
Series D (2021): $60M featuring Active Capital, SJF Ventures, and Kayne Anderson Capital Advisors
Unspecified (2022): $100M backed by Magnetar Capital, Activate Capital, Irradiant Partners, and Emerson Collective
Debt (2023): $250M with participation from Brookfield
Other Financing Round (2024): $200M led by Brookfield
Key Investors in PosiGen
Brookfield
Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. Headquartered in New York, the company combines operational expertise with long-term investment discipline to build and manage the assets that power economic growth and resilience.
Magnetar Capital
Magnetar Capital headquartered in Evanston, IL is a financial investment company specializing in the hedge fund and collateralized debt obligation market.
Emerson Collective
Emerson Collective is a company that invests in entrepreneurs and innovators who are driven by purpose and a sense of possibility. The organization aims to create a world that honors talent, expands opportunity, and ensures conditions for human flourishing.
What's next for PosiGen?
With the recent influx of $200M in strategic investment and a substantial overall capital base of $765M, PosiGen is poised for accelerated expansion. This significant backing is expected to fuel further development of its innovative financing models and broaden its service footprint. The company's focus on accessibility and affordability in the solar market, particularly within underserved communities, suggests a strategic direction towards scaling its impact and solidifying its position as a key player in the transition to sustainable energy. Future initiatives will likely concentrate on enhancing operational efficiencies and deepening community engagement to maximize the benefits of solar adoption.
See full PosiGen company page
