CleanCapital Closes $4 Million Series A To Make Institutional Investors See Green

CleanCapital, a platform on which investors can fund clean energy projects, closed a $4 million Series A round Wednesday, according to CEO Thomas Byrne in an interview with Benzinga. The firm plans to use the funds to follow a technology development plan, scale its growth, and hire.

The company’s goal is to make green investing easy for institutional investors through an online platform.

“To accelerate clean energy we need a marketplace that provides all investors with access to this asset class,” said Byrne in a press release. “We’re committed to attracting more investors to the space by providing a simple, understandable way to invest in clean energy.”

CleanCapital’s backers include a bevy of high-profile marketplace lending investors, like Prosper Marketplace President Ron Suber, former LendingClub Chief Investment Officer Bradley Pattelli and Eaglewood Capital Management founder Jon Barlow.

“I am excited to support CleanCapital as it provides retail and institutional investors with a simpler way to invest in clean energy,” Suber said in a press release.

The trio of investors add another company to their network of fintech investments—between the three of them, they’ve invested in nearly 20 fintech companies and officially advise nearly 10 more.

“By streamlining the acquisition of high quality, clean energy projects, CleanCapital is able to pass through the benefits to its investors,” said Patelli in a release. “I look forward to working with this talented team to help make CleanCapital a reliable provider of unique, tax efficient, impact investments to alternative fixed income investors.”