What is PosiGen?
Founded in 2011, PosiGen distinguishes itself as a leading solar and energy efficiency provider dedicated to serving underserved communities. The company's innovative "no credit check" financing model ensures accessibility for families regardless of their socioeconomic status, enabling them to reduce utility bills and achieve greater financial autonomy. PosiGen's commitment to affordability and financial empowerment positions it as a key player in the transition towards sustainable energy solutions for a broader demographic.
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 Connecticut Green Bank, Inclusive Prosperity Capital, and LibreMax Capital
Unspecified (2019): $20M led by GAF
Debt (2020): $2M supported by PPP
Series D (2021): $60M featuring SJF Ventures, Active Capital, and Kayne Anderson Capital Advisors
Unspecified (2022): $100M backed by Emerson Collective, Activate Capital, Magnetar Capital, and Irradiant Partners
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.
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.
SJF Ventures
SJF Ventures is an investment firm focused on high-growth companies that aim to create a healthier, smarter, and cleaner future. Their mission is to catalyze the development of successful businesses that drive lasting, positive changes in society.
What's next for PosiGen?
With substantial backing from major investors, PosiGen is poised for continued expansion and innovation in the solar and energy efficiency market. The recent strategic investment, alongside its overall significant capitalisation, suggests a focus on scaling operations, enhancing its financing solutions, and potentially broadening its geographical reach. The company's trajectory indicates a strong emphasis on deepening its impact within its target communities and further solidifying its role as a leader in accessible clean energy.
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