Key Takeaways:
- Bright, a San Francisco-based solar fintech provider, has raised $31.5M in Series C funding.
- The firm works with local installers and entrepreneurs in developing countries, initially in Mexico.
- The lead investor in this round is IFU.
- This is Bright’s seventh funding round and brings their total funding amount to approximately $59.8M.
Funding Details
San Francisco’s solar fintech provider, Bright, has announced a successful fundraising round of $31.5 Million USD. According to their Crunchbase profile, this Series C funding round was led by IFU.
About Bright
Bright is at the forefront of the energy, renewable energy, and solar industries. It has a unique business model where it operates atop local installers and entrepreneurs in developing countries. Beginning its operation in Mexico, Bright has helped harness solar energy in regions where it would otherwise be underutilized.
Continued Growth
This marks Bright’s seventh fundraising round, boosting their total funding amount to approximately $59.8 Million USD. The funding will be used to further their operations and increase their footprint in developing countries, creating a greater impact in the renewable energy sector.
Investor Profile
The lead investor, IFU, plays a key role in making this funding round successful. Their investment in Bright signifies a strong belief in the growth and potential of renewable energy, especially in developing regions where solar energy is plentiful but harnessing methods are scarce.
Ready to amplify your reach and engage with the most dynamic community in the venture world? Consider sponsoring an article with us. Learn more about our promotional opportunities and sponsored articles here.
Your story could be the next big hit on US Venture News!
Follow Us