# SkyFuel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skyfuel

- Industry: Renewable Energy
- Headquarters: Lakewood, US
- Website: www.skyfuel.com
- Total disclosed funding: $21M
- Latest round: Series B (Jan 10, 2012)
- Investors on record: 4

## About

SkyFuel Inc. specializes in providing innovative solar thermal technology solutions, focusing on enhancing energy efficiency for industrial applications and large-scale energy generation.SkyFuel Inc. was founded in 2007 and is headquartered in Lakewood, US. The company specializes in solar thermal technology, offering solutions for renewable energy generation. SkyFuel has engaged in 8 deals, with the most recent deal occurring on August 18, 2015, when it received USD 3.00 mn in a VENTURE DEBT round, bringing the total amount raised to USD 2.50 mn. There are no mentions of pivots or changes in business operations, nor does it have parent companies or subsidiaries.SkyFuel Inc. offers a range of solar thermal technology solutions tailored to meet the needs of mid-to-large-sized businesses across various industries, including technology, retail, and hospitality. Its products are designed to enhance efficiency and streamline operations, marketed primarily in North America, Europe, and parts of Asia.SkyFuel generates its revenue through structured business models, including subscription services and direct partnerships with clients. Clients typically enter into long-term contracts, ensuring continuous access to products with regular updates and support. The pricing structure is based on the value delivered, incorporating tiered pricing based on usage and additional features, alongside B2B transactions that provide a steady stream of income to support ongoing product development and innovation.SkyFuel Inc. aims to launch new solar thermal products by 2016 to broaden its portfolio. The company is also looking to expand into emerging markets in South America and Africa by 2018, leveraging recent funding from the VENTURE DEBT round to support product development and market entry strategies. In August 2015, Sunshine Kaidi New Energy Group Co Ltd acquired SkyFuel, although financial terms were not disclosed.

## Funding rounds

- Series B, Jan 10, 2012, $2.5M — Genstar Capital Partners
- Series B, Apr 28, 2008, $17M — Flywheel Ventures, Leaf Clean Energy Company
- Series A, Jun 11, 2007, $1.6M — The Lambda Funds

## Investors

- The Lambda Funds (https://capitalatlas.ai/funds/the-lambda-funds) — Series A
- Flywheel Ventures (https://capitalatlas.ai/funds/flywheel-ventures) — Series B
- Leaf Clean Energy Company (https://capitalatlas.ai/funds/leaf-clean-energy-company) — Series B
- Genstar Capital Partners (https://capitalatlas.ai/funds/genstar-capital-partners) — Series B