Tuesday, October 10, 2017

Vulcan Backs CleanFund In $15M Funding, $100M In Financing

Vulcan Capital, the venture capital arm of Microsoft co-founder Paul Allen, is the lead investor in a provider of clean energy financing. CleanFund Commercial Capital, which offers commercial Property Assessed Clean Energy (PACE) funding announced today that it has raised $15M in a Series B equity funding. The funding was led by entities affiliated with Vulcan Capital. The deal also included a commitment from Vulcan Capital to provide $100M in capital to support CleanFund's commercial, PACE financing efforts. CleanFund helps commercial customers fund clean energy efforts--such as solar panels or energy retrofitting--which are paid out of property tax bills. The company is based in San Francisco. More information »