Braemar Energy Ventures Invests in Leading Clean Energy Finance Company, Renew Financial
May 18, 2016
For Immediate Release
NEW YORK, NY (May 18, 2016) Braemar Energy Ventures (“Braemar”), a leading venture capital investor in energy technology companies, today announced it made an investment in Renew Financial, a rapidly growing company that specializes in affordable financing for renewable energy and energy efficiency projects. Specific terms were not disclosed.
Renew Financial announced in early February of this year that it had raised $70 million to expand its clean energy and energy efficiency finance products across the U.S. Apollo Capital Management, Angeleno Group, Claremont Creek Ventures, LL Funds, Inc., NGEN Partners and Prelude Ventures all took part in the new growth capital round. Renew Financial secured additional capital from Braemar immediately following its new growth capital round.
About Braemar Energy Ventures
Founded in 2003, Braemar Energy Ventures is a leading venture capital firm focused on transformative energy-tech and related companies contributing to global sustainability and combating climate change. Using sector expertise and experience, Braemar aims to be an engaged partner with its portfolio companies to best help them navigate the path to significant global impact. For more information, visit braemarenergy.com or follow @BraemarEnergy on Twitter.
About Renew Financial
Renew Financial was founded in 2008 by Cisco DeVries, who brought together a multidisciplinary team of experts in finance, technology, operations and government policy to innovate the Property Assessed Clean Energy (PACE) financing model. The company specializes in affordable financing for renewable energy, energy efficiency and water conservation projects and is developing an array of financing products that will help move America toward a clean energy model.Learn more ›