Lowe's, Others Back Sungevity In $125M Funding Round

Law360, New York (January 16, 2013, 5:57 PM EST) -- Sungevity Inc., a provider of home rooftop solar systems, said Wednesday it has raised $125 million from private equity firm Energy Capital Partners, home improvement giant Lowe’s Inc. and a slew of venture investors.

The funding includes $40 million in equity, led by Oakland, Calif.-based impact investment fund Brightpath Capital Partners LP and Lowe’s, which has an existing partnership with Sungevity to market its rooftop panels. Vision Ridge Partners LLC, Craton Equity Partners LLC and Eastern Sun Capital Partners LLC also participated.

Oakland, Calif.-based Sungevity also...
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