Tuesday, September 6, 2011

Clean Power Finance Gains $25M

Menlo Park-based Clean power Finance, a provider of financing and services for the solar industry, said this morning that it has raised $25M in an investment round, from Kleiner Perkins Caufield & Byers and Google Ventures. The firm said that Claremont Creek Ventures, Clean Pacific Ventures and Sand Hill Angels also participated in the funding. The KPCB funding came from KPCB's Green Growth Fund. Clean Power Finance said the new investment will go towards its platform for providing point-of-sale financing to the U.S. solar market. As part of the funding, Clean Power Finance has named Robert "Nat" Kreamer as CEO. kreamer was most recently CEO of SunRun. More information »