Choate represented client EnergySage, Inc. on the deal
EnergySage, the leading online comparison-shopping marketplace for rooftop solar, community solar and solar financing, announced today that it has secured $2.7 million in new funding.
This latest investment comes from existing investors including Launchpad Venture Group, the Massachusetts Clean Energy Center (MassCEC), Investors’ Circle’s Patient Capital Collaborative, and Clean Energy Venture Group. This new funding brings the total private investment raised to $6 million, and adds to the $3.7 million in grants received from the U.S. Department of Energy’s SunShot Initiative and New York State Energy Research and Development Authority (NYSERDA).
EnergySage will use the new funds to invest in even faster growth, build its team, develop new products, and continue to drive innovation that ensures solar is more accessible and affordable for American households and businesses.
EnergySage is the leading online comparison-shopping marketplace for rooftop solar, community solar, and financing. Supported by the U.S. Department of Energy, EnergySage is the trusted source of information for over 6 million consumers across 35+ states. As of early 2018, the company has sent over $3 billion in solar installation requests to its network of more than 500 pre-screened solar installation companies, and serves as a high-quality lead source for solar financing companies and powerful distribution channel for solar equipment manufacturers.
Choate advised EnergySage, Inc. with a team including Larry Naughton (Picture) and Jason Lawler.
Law Firms: Choate;
Clients: EnergySage, Inc.;