Sunrun Raises $625M in Convertible Note

Sunrun has successfully raised $625M in a Convertible Note at a $3B valuation led by Accel Partners, Foundation Capital, Sequoia Capital.

Company Overview

Sunrun is a Solar company headquartered in 595 Market Street, San Francisco, CA 94105, founded in 2007 with 9000+ employees.

Residential solar energy company

Fundraising Details

Amount Raised: $625M
Round Type: Convertible Note
Valuation: $3B
Date: 2024-07-25
Investors: Accel Partners, Foundation Capital, Sequoia Capital

About Sunrun

Residential solar energy company The company is positioned in the Solar sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 595 Market Street, San Francisco, CA 94105
Founded: 2007
Team Size: 9000+
Industry: Solar

What This Means

This funding round demonstrates strong investor confidence in Sunrun's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Solar sector continues to attract significant investment as companies innovate to meet evolving market demands. Sunrun's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $3B valuation marks an important milestone for Sunrun, positioning the company among notable players in the Solar industry.

Looking Ahead

With this new capital, Sunrun is well-positioned to execute on its growth strategy and continue building innovative solutions in the Solar space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-07-25. For more information about Sunrun, visit their headquarters at 595 Market Street, San Francisco, CA 94105.