Startups
Spruce Finance provides homeowners with simple, affordable financing for residential solar systems, water conservation upgrades, and energy efficiency home improvements.
Overview
Total raised
$424M
Investors 1
| Date | Name | Website |
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Funding Rounds 3
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| May 17, 2019 | Funding round | $50M | |
| Jun 29, 2017 | Funding round | $250M |
Mentions in press and media 23
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Nov 17, 2020 | Spruce Finance buys two more residential solar portfolios, including NRG’s | Spruce Finance buys two more residential solar portfolios, including NRG’s By Chris Crowell November 17, 2020 View Profile Spruce Finance, the largest private owner and operator of distributed generation residential solar assets in the U.S.... |
| May 15, 2020 | Spruce Finance is growing fast, gobbles up Clearway Energy’s entire residential solar portfolio | Spruce Finance, the largest private owner and operator of distributed generation solar residential assets in the U.S., has bought Clearway Energy’s entire portfolio of residential solar assets. The deal is Spruce’s largest to date and the l... |
| May 15, 2020 | Morning Brief: Spruce Finance acquires Clearway Energy’s residential solar portfolio, GM to go 100% renewable at Spring Hill | Spruce Finance acquired Clearway Energy’s entire residential solar portfolio, its largest acquisition to date: The deal is Spruce’s largest to date and the latest example of the company’s residential solar asset “growth by acquisition” stra... |
| May 4, 2020 | Residential solar asset financing is alive and well as Spruce Finance closes $124 million deal | Spruce Finance, an owner and operator of more than 200 MW of residential energy assets in the U.S., just closed $124 million in debt financing for its portfolio of solar power purchase agreements and leases with Vantage Infrastructure and S... |
| May 4, 2020 | Spruce Finance closes huge debt financing deal for its residential solar portfolio | Spruce Finance, a large private owner and operator of distributed generation solar and residential energy assets in the U.S., has closed a $124 million debt financing deal for its portfolio of residential solar power purchase agreements (PP... |
| Mar 9, 2020 | Spruce Finance adds another 3,000+ residential rooftop solar assets (portfolio now over 200 MW) | Spruce Finance, the largest private owner and operator of distributed generation solar and residential energy assets in the U.S., has completed its second-largest acquisition to date — a purchase of 3,668 rooftop solar assets totaling 27.6 ... |
| Jan 23, 2020 | Spruce Finance adds a 31-MW portfolio of residential solar assets | Spruce Finance, a large private owner and operator of residential solar assets, has completed its most significant solar portfolio acquisition to date: 5,864 rooftop solar assets totaling 31.3 megawatts (MW) from funds managed by Atalaya Ca... |
| Jul 11, 2019 | Spruce Finance just added 12 megawatts of residential solar to its portfolio | Spruce Finance just added 12 megawatts of residential solar to its portfolio By Chris Crowell July 11, 2019 View Profile Spruce Finance, a leading owner and operator of distributed generation solar and residential energy assets in the U.S.,... |
| May 24, 2019 | Houston-Based Spruce Finance Raises $50 Million | Houston-based Spruce Finance announced it raised $50 million The $50 million equity investment came from its owner HPS Investment Partners Houston-based Spruce Finance is a leading owner and operator of distributed generation solar and resi... |
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FAQ about Spruce Finance
How much funding has Spruce Finance raised?
Spruce Finance has raised $424M in total across 3 funding rounds.
What funding rounds has Spruce Finance raised?
Parsers VC lists 3 funding rounds of Spruce Finance, among them a funding round of $50M on May 17, 2019 and a funding round of $250M on Jun 29, 2017.
What has the press written about Spruce Finance?
Parsers VC has collected 23 articles mentioning Spruce Finance, among them “Spruce Finance buys two more residential solar portfolios, including NRG’s” (Nov 17, 2020) and “Spruce Finance is growing fast, gobbles up Clearway Energy’s entire residential solar portfolio” (May 15, 2020).
Is Spruce Finance still active?
Spruce Finance is probably closed: its latest activity on Parsers VC dates from Feb 5, 2021.