# Ygrene Energy Fund

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ygrene-energy-fund

- Industry: Financial Services
- Headquarters: Miami, US
- Website: www.ygrene.com/
- Total disclosed funding: $95M
- Latest round: Series B (Dec 14, 2016)
- Investors on record: 1

## About

Based in the US, Ygrene Energy Fund provides innovative financing solutions for energy efficiency upgrades and renewable installations, empowering property owners to improve energy performance without impacting their credit scores.Ygrene Energy Fund, founded in 2009 in Miami, US, specializes in Property Assessed Clean Energy (PACE) financing. The company completed its most recent funding round, a Series B, in December 2016, raising USD 95 mn from Lightyear Capital, which values the company at USD 293.74 mn post-money. CEO Jim Reinhart leads the firm as it engages in its financing model to support energy efficiency projects.Ygrene Energy Fund specializes in Property Assessed Clean Energy (PACE) financing, designed to facilitate energy efficiency upgrades and renewable energy installations for residential and commercial properties. The offering allows property owners to finance improvements such as solar panel installations, HVAC upgrades, and other energy-efficient enhancements without impacting their credit scores. Customers can apply for financing with a decision provided within 30 minutes, ensuring prompt access to funds for projects. End-users include homeowners and businesses across markets such as California and Florida. Ygrene partners with independent contractors to enable a seamless process where project funding is contingent upon successful completion of the upgrades.Ygrene Energy Fund generates revenue through its PACE financing model, wherein property owners repay the financed amount via property taxes or an escrow account. The financial structure involves fixed-rate, low-interest loans that can be extended over terms of up to 20 years. Transactions occur directly between Ygrene and property owners, with funds disbursed to contractors only upon project completion. Ygrene does not publicly disclose specific pricing plans or revenue figures, focusing on providing accessible financing for energy improvements.Ygrene Energy Fund plans to leverage the recent Series B funding of USD 95 mn, secured in December 2016, to enhance its market presence and develop new products. The firm aims to expand its PACE financing services into additional states that support such programs, thereby reaching more homeowners and businesses. Specific geographic targets for expansion include states with emerging energy efficiency mandates, positioning Ygrene to capitalize on growing demand for renewable energy financing.

## Funding rounds

- Series B, Dec 14, 2016, $95M — Lightyear Capital

## Investors

- Lightyear Capital (https://capitalatlas.ai/funds/lightyear-capital) — Series B