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Clean Power Finance Stock
B2B marketplace for solar
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About Clean Power Finance Stock
Clean Power Finance (CPF) is building an online business-to-business marketplace to drive the mass-market adoption of solar. The company connects providers of capital who are committed to investing in residential solar with qualified solar marketers, installers and distributors who need residential solar finance products to differentiate and grow their businesses. CPF raises 100 percent third-partyâowned project finance funds from institutional investors such as Morgan Stanley and Google, working with the investors to structure and launch the funds with managed risk and return profiles. CPF then markets the funds as solar leases and power purchase agreements (PPAs) to qualified solar professionals, including Paramount Solar and Real Goods Solar (Nasdaq: RSOL), through its licensed online solar sales platform, CPF Tools. CPF Tools is software-as-a-service that simplifies complex sales, quoting, proposal and finance processes and minimizes the âsoft costsâ of selling solar. CPFâs fund investors earn favorable returns on stable investments on the resulting portfolios of residential distributed generation projects. The companyâs solar professional partners gain access to solar leases and power purchase agreements (PPAs) that they can brand and sell to homeowners who want the benefits of solar without the cost and hassle of owning and maintaining a system. CPF manages approximately half a billion dollars of capacity on behalf of fund investors, and supports more than 100 solar professional customers who currently use the CPF Market to sell residential solar finance products to homeowners in CA, CO, HI, MA and NJ. Thousands of solar professionals in all 50 states have extensively used CPF Tools to quote and design solar systems.
Investors
Kleiner Perkins Caufield & Byers
Snap, AppDynamics, Spotify, Instacart, Stripe, Magic Leap, DoorDash, Bloom Energy, Slack, Brex
GV
Uber, Robinhood, Jet, Impossible Foods, Lacework, Slack, Snyk, SambaNova Systems, DocuSign, Gusto
Funding History
December 2010 | $5.7M |
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September 2011 | $19.0M |
June 2013 | $37.0M |
Management
CEO
Nat Kreamer Nat Kreamer
CFO
Mike Pope
Board Member (Google Ventures)
Joe Kraus
Press
Fast Company - Apr, 9 2019
How the epic feud over the rights to the Sex.com domain ended in the ultimate deceptionGigaom - Apr, 8 2013
Solar financing startup Clean Power Finance raises $37M from Google Ventures, KleinerBusiness Journal - Sep, 6 2011
Clean Power Finance raises $25M, led by Kleiner Perkins