ImpactAlpha, April 19 – Wunder, based in Boulder, Colo., finances commercial solar energy projects, which have had difficulty finding capital. To date, it has raised money from retail and institutional investors mainly through its online investment platform. Now, it has raised $112 million in expansion capital. (Disclosure: Wunder Capital is a sponsor of ImpactAlpha’s Returns on Investment podcast)
- Debt and equity… Wunder’s about $11 million Series B equity financing was led by Cyrus Capital Partners, and included Techstars Ventures, which led the firm’s Series A. Cyrus also provided $100 million in debt to Wunder.
- US solar finance… Mosaic, a California-based solar financing company that provides residential rooftop solar installations via companies selling home solar products, raised $220 million in 2016.
The firm has so far financed 185 large solar projects, adding about 65 megawatts of solar energy to the grid. Wunder’s technology-driven approach “minimizes costs and makes financing solar energy easy for the investor and the borrower,” said Cyrus’s John Rapaport, who will join Wunder’s board.