Friday, October 30, 2009

Renewable Funding Gets $12.2M

Oakland-based Renewable Funding, which provides financing programs for Property Assessed Clean Energy (PACE) programs, has raised $12.2M in a Series A funding, the firm said this week. The round was led by NGEN Partners and Draper Fisher Jurveston, and also included New Cycle Capital and Wilson Sonsini. The firm provides financing to property owners, to pay for energy efficiency and renewable energy projects through an addition to their property tax bill. More information »