What is Sunrun?
Sunrun Inc. is a leading U.S.-based provider of residential solar energy systems and home battery storage solutions. Headquartered in San Francisco, California, the company empowers homeowners to generate and store clean electricity, simplifying the adoption of solar power. Sunrun's business model focuses on making renewable energy accessible through flexible plans designed to reduce the financial and technical barriers for consumers. Its comprehensive services encompass the design, installation, and ongoing maintenance of solar panels and battery storage systems, complemented by energy monitoring and dedicated customer support. By integrating solar generation with energy storage and maintenance, Sunrun enables households to access sustainable, affordable, and reliable energy.
How much funding has Sunrun raised?
Sunrun has raised a total of $1.2B across 13 funding rounds:
Series C
$55M
Series D
$60M
Grant
$1.6M
Series E
$150M
Multiple Rounds
$526M
Debt
$250M
Debt
$33M
Debt
$40M
Series C (2010): $55M featuring Steamboat Ventures, Accel Partners, and Foundation Capital
Series D (2012): $60M backed by Steamboat Ventures, Accel Partners, Foundation Capital, and Madrone Capital Partners
Grant (2013): $1.6M with participation from U.S. Department of Energy SunShot Initiative
Series E (2014): $150M led by Steamboat Ventures, Accel Partners, Foundation Capital, and Madrone Capital Partners
Debt (2015): $195M supported by Investec Group
Debt (2015): $111M featuring Undisclosed
Stock Issuance/Offering (2015): $220M backed by Undisclosed
Debt (2016): $250M with participation from Investec Group
Debt (2016): $33M led by Undisclosed
Debt (2017): $40M supported by Caisse de depot et placement du Quebec
Key Investors in Sunrun
Foundation Capital
Foundation Capital is a venture capital firm that partners with bold founders building category-defining technology companies, supporting entrepreneurs from the earliest stages through long-term growth with deep operational and strategic expertise. With a history of backing transformative ideas, the firm focuses on innovation that reshapes industries, guided by a strong belief in conviction, collaboration, and a commitment to lasting impact.
Accel Partners
Accel is a global venture capital firm that invests in companies at all stages of growth, from seed to growth-stage. They are known for their deep operational expertise and their commitment to helping founders build category-defining companies. Accel has a strong track record of investing in transformative technology businesses.
Steamboat Ventures
Steamboat Ventures, founded in 2000, focuses on helping young companies become market leaders. They invest in early to growth stage companies within the technology, media, and consumer sectors. The firm is dedicated to creating lasting value in each of its investments. Their approach emphasizes a commitment to nurturing and supporting the growth of their portfolio companies.
What's next for Sunrun?
The recent major strategic investment signifies a pivotal moment for Sunrun, positioning it for accelerated growth and market leadership in the burgeoning renewable energy landscape. This capital will likely be directed towards enhancing its technological capabilities, expanding its service footprint across new residential markets, and potentially exploring strategic partnerships to further integrate its offerings. As the demand for sustainable energy solutions continues to rise, Sunrun's focus on accessible solar and storage technologies positions it to capitalize on evolving consumer preferences and regulatory tailwinds, reinforcing its role in the transition to a cleaner energy future.
See full Sunrun company page
