# SunFunder

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

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.sunfunder.com
- Total disclosed funding: $0.3M
- Latest round: Series C (Jun 11, 2018)
- Investors on record: 3

## About

Based in the US, SunFunder Inc. operates as an investment firm focusing on financing solar energy projects in emerging markets, promoting sustainable development through innovative financing solutions.SunFunder Inc. was founded in 2012 in San Francisco, US. The company specializes in facilitating solar energy investments in developing regions. Ryan Levinson, one of the co-founders, serves as the CEO. In June 2022, the company was fully acquired by Mirova from a group of venture capital firms, with financial terms undisclosed. The acquisition will help advance Mirova's emerging markets investment platform. SunFunder has successfully completed 6 deals, with a total amount raised of USD 12.00 mn, and the latest funding round was a Series A round amounting to USD 0.30 mn, led by Aster Capital and Better Ventures.SunFunder provides investment solutions aimed at financing solar energy projects. The company focuses on supporting projects in emerging markets through innovative financing structures that align with sustainable development goals. Its offerings cater to various stakeholders in the energy sector, enhancing access to solar power for communities and businesses.SunFunder generates revenue through management fees related to its investment services, which are structured to align with the sustainability goals of institutional clients. The firm engages primarily with business partners and investors in the energy sector, charging fees based on assets under management and the specific services provided.In the immediate future, SunFunder plans to leverage the recent acquisition by Mirova to expand its investment platform focused on emerging markets. The company is set to enhance its offerings with new products aimed specifically at solar energy financing solutions. This initiative will be supported by the USD 0.30 mn raised in the Series A funding round in June 2022, which will facilitate the growth of their investment capabilities and market reach.

## Funding rounds

- Series C, Jun 11, 2018 — Aster Capital, Better Ventures, Shell Ventures
- Series A, Nov 12, 2014, $0.3M — Aster Capital, Better Ventures
- Seed, Mar 19, 2013, $0M — Better Ventures

## Investors

- Better Ventures — Seed, Series A, Series C
- Aster Capital (https://capitalatlas.ai/funds/aster-capital) — Series A, Series C
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series C