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

Read Full Article Here

For more great articles: Greentech Media: Headlines

(Visited 2 times, 1 visits today)



© 2014 RenewaNews