Sunrun Closes $60 Million Equity Investment
On May 23, 2012, Sunrun, the nation's largest home solar company, announced that it has raised $60 million in equity financing, bringing the total equity investment in the company to $145 million. The most recent round of funding was led by Madrone Capital Partners and also included existing investors Accel Partners, Sequoia Capital, and Foundation Capital. Wilson Sonsini Goodrich & Rosati provided representation to Sunrun in connection with the financing.
Sunrun will use the proceeds from the financing to develop and scale the software and service expertise needed to keep driving down the cost of solar and simplify the installation process for customers and partners.
For more information, please see Sunrun's press release.