Wednesday, April 17, 2024 | Baltimore, MD

Sunstone Credit lands $20M Series A funding round

February 1, 2023

Baltimore-based Sunstone Credit Inc., a technology-enabled clean energy financing platform that helps businesses go solar, Tuesday announced an oversubscribed $20 million Series A funding round. The round was led by an affiliated fund of Greenbacker Capital Management LLC, which provides flexible capital and best-in-class guidance for growth-stage clean energy companies. Sunstone is on a mission to help more businesses go solar by providing simple and cost-effective loan financing. Even as a confluence of factors drive business demand for clean energy, including tax incentives, customer preferences for sustainability, and a need for resilient power access, most companies have not had access to loan financing for solar installations in the past.

Article Source: The Daily Record

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.