# Sunstone Credit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sunstone-credit

- Industry: Financial Services
- Headquarters: Baltimore, US
- Website: www.sunstonecredit.com
- Total disclosed funding: $20M
- Latest round: Series A (Jan 31, 2023)
- Investors on record: 5

## About

Based in Maryland, US, and founded in 2021 by CEO Josh Goldberg, and Wilson Chang, Sunstone Credit, Inc., a.k.a. Sunstone Credit operates as a provider of embedded solar financing solutions to commercial customers at the point of sale for helping more businesses go solar. In January 2023, Sunstone Credit, Inc. raised USD 20 million in a Series A funding led by Greenbacker Capital Management, with participation from Earthshot Ventures, Grotech Ventures, Cross River Digital Ventures, and Forbright Bank.

The company provides a web-based commercial solar loan platform for businesses of all sizes, enabling them to offer their customers solar loans with borrower-friendly terms and an efficient application process. The platform is completely online, allowing businesses to have control of their customer relationships and eliminating paperwork. In addition, the platform allows clients to select the loan product, initiate the financing process and monitor their customer's progress. Additionally, Sunstone Credit partners with financial institutions and a national network of solar developers, including solar installers, developers, and EPCs to provide business borrowers with an understanding of solar loan products with terms and a streamlined application process.

The company plans to use its proceeds from January 2023 funding to further develop its technology platform and recruit new talent.

## Funding rounds

- Series A, Jan 31, 2023, $20M — Grotech Ventures, Cross River Digital Ventures, Earthshot Ventures, Forbright Bank, Greenbacker Capital Management

## Investors

- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Series A
- Cross River Digital Ventures (https://capitalatlas.ai/funds/cross-river-digital-ventures) — Series A
- Earthshot Ventures (https://capitalatlas.ai/funds/earthshot-ventures) — Series A
- Forbright Bank — Series A
- Greenbacker Capital Management (https://capitalatlas.ai/funds/greenbacker-capital-management) — Series A