Sunrun
Sunrun Raises $625M in Convertible Note
Quick Facts
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.
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