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PosiGen Completes Successful First Close of Series D Growth Equity Financing
December 16, 2020 GMT
PosiGen logo (PRNewsFoto/PosiGen Solar)
NEW ORLEANS, Dec. 16, 2020 /PRNewswire/ PosiGen, the nation’s leading provider of renewable energy and efficiency solutions for low-to-moderate income (LMI) households, is pleased to announce the first close of its Series D growth equity financing with a $33 million investment from a group of leading impact-focused private equity investors.
The initial investment was made possible by PosiGen’s compelling product offering, massive addressable market, best-in-class unit economics, rapidly accelerating growth, and strong business performance through the COVID-19 pandemic. The Series D investment syndicate is led by the Builders Fund, The 2040 Fund, and Emerson Collective. ....

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