SunRun Raises $12 Million in Financing

SunRun

SunRun, a San Francisco-based residential solar electricity provider, announced on June 24 that it raised $12 million in financing, led by venture capital firm Foundation Capital.

"SunRun launched last year with a simple goal: to minimize homeowners’ power bills with hassle-free solar electricity,’ said Nat Kreamer, President, Co-Founder and COO of SunRun. "The investment from Foundation will accelerate our ability to deliver SunRun Solar Service to our rapidly growing market, and we’re very excited to partner with them."

"With the cost of fossil fuel based energy skyrocketing, SunRun’s pioneering approach of delivering solar as a service is a huge positive step toward making residential solar affordable to every homeowner," said Steve Vassallo of Foundation Capital. "We are deeply committed to building great companies with entrepreneurs whose goal is to rapidly deploy clean technologies that have the potential to change the world; SunRun is doing just that."

The video below provides an overview of SunRun:

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