Omnidian Raises $5.1 Million for Residential PV Performance Offering

By [email protected] Omnidian, a solar asset management firm offering performance guarantees on residential rooftop arrays, has revealed it secured $5.1 million in venture capital backing this summer.

The oversubscribed seed round funding, which closed in July but has yet to be formally announced, was led by Congruent Ventures, an early-stage venture capital firm that backs companies in the sustainability ecosystem.

Taking part alongside Congruent were City Light Capital, Blue Bear Capital, Energy Foundry, Ekistic Ventures and Avista Development, a wholly owned subsidiary of the Washington state utility Avista.

The backing represents Omnidian’s first major cash injection since October 2016, when the company received seed

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