# SunRun

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

- Industry: Power & Utilities
- Headquarters: San Francisco, US
- Website: www.sunrun.com
- Total disclosed funding: $293M
- Latest round: Series E (May 15, 2014)
- Investors on record: 4

## About

SunRun Inc. is a US-based company specializing in residential solar energy solutions and battery storage systems, enabling homeowners to harness solar power while reducing energy costs and environmental impact.SunRun Inc. is focused on providing residential solar energy systems. Founded in 2007 and headquartered in San Francisco, US, the company has undergone strategic expansions and has raised a total of USD 251 mn, including its latest funding round, Venture Debt, which raised USD 40 mn in August 2015. The company has completed 22 deals in total. The co-CEOs are Lynn Jurich and Mary Powell.Sunrun is a leading provider of residential solar energy systems and battery storage solutions. The company’s primary offerings include solar panel installations and energy storage systems, specifically designed to optimize residential energy consumption and cost savings. Sunrun’s solar solutions are tailored to meet the unique energy needs of homeowners, enabling them to harness solar energy effectively. These products are aimed at reducing reliance on conventional energy sources, lowering utility bills, and providing energy security through battery storage options. Sunrun services a diverse customer base across multiple states, including but not limited to California, Florida, Illinois, and Massachusetts, catering primarily to homeowners who seek sustainable energy solutions and energy independence.For the year 2024, SunRun reported a revenue of USD 2,037.72 mn, with an EBITDA of USD -307.43 mn. The company generates revenue through a combination of subscription plans and direct sales of solar energy systems and battery storage solutions, leveraging government incentives to enhance affordability.SunRun aims to expand its product line by launching new solar energy solutions tailored for emerging residential markets. The company intends to penetrate new geographic regions, with specific plans to enter additional states across the US by 2025. The recent funding of USD 40 mn will support these initiatives, including the development of innovative solar technologies and expansion of market outreach efforts.

## Funding rounds

- Series E, May 15, 2014, $150M — Accel, Hong Shan, Foundation Capital, Madrone Capital Partners
- Series D, May 23, 2012, $60M — Accel, Hong Shan, Foundation Capital, Madrone Capital Partners
- Series C, Jul 14, 2010, $52M — Accel, Hong Shan, Foundation Capital
- Series B, Jul 23, 2009, $18M — Accel, Foundation Capital
- Series A, Jun 20, 2008, $12M — Foundation Capital

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series A, Series B, Series C, Series D, Series E
- Accel (https://capitalatlas.ai/funds/accel) — Series B, Series C, Series D, Series E
- Hong Shan — Series C, Series D, Series E
- Madrone Capital Partners — Series D, Series E