How Much Did Sunrun Raise? Funding & Key Investors

Date
March 31, 2025
Sunrun

Total amount raised

$5.5 Billions

Latest funding date

Sunrun

Location

Title

LINKEDIN

https://www.crunchbase.com/organization/sunrun/financial_details
Use Clay to find other emails
Status
Verified
Use Clay's email finder to get anyone's work email in seconds.

Sunrun has successfully raised significant capital through multiple funding rounds, including a recent Post-IPO Debt round. The company is backed by a diverse group of investors, including the Massachusetts Clean Energy Center and Investec.

Keep reading to explore the intricacies of Sunrun's fundraising journey and the investors backing this innovative platform.

What Is Sunrun?

Sunrun, founded in 2007, is a leading provider of residential solar electricity and clean energy services. Based in San Francisco, California, the company offers innovative solar solutions to homeowners, including solar panels and battery storage systems.

The company was established by Edward Fenster, Lynn Jurich, and Nat Kreamer. Sunrun's unique model allows homeowners to pay for the power generated by the solar systems rather than the panels themselves, providing a cost-effective and sustainable energy solution.

With a workforce of over 10,001 employees, Sunrun continues to expand its reach and impact in the renewable energy sector, maintaining and monitoring solar systems across multiple states.

How Much Funding Has Sunrun Raised?

  1. Post-IPO Debt
    • Amount Raised: $33M
    • Date: July 2016
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To support the expansion of Sunrun's solar services.
  2. Post-IPO Debt
    • Amount Raised: $303M
    • Date: October 2017
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To expand Sunrun's rooftop solar business amidst industry uncertainties.
  3. Grant
    • Amount Raised: $561K
    • Date: December 2017
    • Lead Investors: Massachusetts Clean Energy Center
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To support clean energy initiatives.
  4. Post-IPO Debt
    • Amount Raised: $835M
    • Date: January 2023
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To scale operations and enhance solar technology.
  5. Post-IPO Debt
    • Amount Raised: $715M
    • Date: September 2023
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To expand market reach and improve infrastructure.
  6. Post-IPO Debt
    • Amount Raised: $475M
    • Date: February 2024
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To enhance battery storage solutions.
  7. Post-IPO Debt
    • Amount Raised: $230M
    • Date: April 2024
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To fund research and development in solar technology.
  8. Post-IPO Debt
    • Amount Raised: $886.3M
    • Date: June 2024
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To expand production capabilities and market presence.
  9. Post-IPO Debt
    • Amount Raised: $365M
    • Date: September 2024
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To enhance customer acquisition and service delivery.
  10. Post-IPO Debt
    • Amount Raised: $629M
    • Date: January 2025
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To support long-term growth and sustainability initiatives.

Sunrun has raised a total of $5.466B. The current valuation is Not publicly disclosed.

Key Investors

  • Massachusetts Clean Energy Center
    • Details: The Massachusetts Clean Energy Center (MassCEC) is a state economic development agency dedicated to accelerating the growth of the clean energy sector across the Commonwealth. It provides funding, resources, and support for clean energy companies and projects.
    • Investment Focus Areas: Clean energy, renewable energy, energy efficiency.
    • Notable Investments: Sunrun, Greentown Labs, 1366 Technologies.
  • Investec
    • Details: Investec is an international banking and wealth management group. It offers a range of financial products and services to a niche client base in three principal markets: the United Kingdom, South Africa, and Australia.
    • Investment Focus Areas: Financial services, asset management, investment banking.
    • Notable Investments: Sunrun, Blue Prism, Funding Circle.

What's Next for Sunrun?

Sunrun's future is bright with opportunities to expand its rooftop solar business, leveraging the $303 million in secured credit facilities. This funding will enable Sunrun to scale its operations and tap into the growing demand for renewable energy solutions in the U.S. market.

As the company navigates industry uncertainties, including potential tariffs on foreign-made solar panels, it may seek additional financial arrangements to support its growth. However, challenges such as rising solar panel prices and competition from overseas manufacturers could impact adoption rates and market expansion.

Use Clay to Get Funding Data

Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Sunrun and gather other critical business insights.

Sign up for free on Clay and start making data-driven decisions today.

Share Article

Get access to more people and company data using Clay

Leverage the power of 100+ data providers for industry-leading data coverage & quality.

4.9 rating

Try for free

More Articles