Energy investment platform CleanCapital has secured a $3.7m Series A funding round.
The financing came from 50 investors, which included SeedInvest’s Selections Fund and various FinTech and CleanTech leaders.
New York-based CleanCapital enables accredited investors with a platform for investing in to clean energy projects across the US. To date, the company has helped supply $50m to solar projects, and over 20 MW in operating solar assets.
Founded in 2015, the platform identifies, screens and manages clean energy projects to enable investors with a streamlined and quicker route to investing.
With this line of equity the company will look to speed up its technology roadmap and scale its operations by hiring more staff to its team.
CleanCapital co-founder and CEO Thomas Byrne said, “To accelerate clean energy growth we need to create a marketplace that provides all investors with simpler, understandable ways to invest in this asset class. We are thrilled that SeedInvest recognizes the value CleanCapital brings to the clean energy marketplace.”
Last year the majority of funding into investment platforms went into Asia-based companies, with the region representing more than three-quarters of capital deployed. Both the US and Europe had a similar share of the market, with just a $10m difference between equity deployed within the regions.
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