About Renew Financial
Renew Financial is a company based in Oakland (United States) founded in 2008.. Renew Financial has raised $140.14 million across 11 funding rounds from investors including ING, Barclays and Morgan Stanley. The company has 356 employees as of December 31, 2022. Renew Financial offers products and services including PACE Financing, Solar Panel Financing, and HVAC Financing. Renew Financial operates in a competitive market with competitors including Mosaic, Ygrene Energy Fund, Odyssey Energy Solutions, SunFunder and Sol Systems, among others.
- Headquarter Oakland, United States
- Employees 356 as on 31 Dec, 2022
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Sectors
TechnologyFinancial Services Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Renewable Funding Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$140.14 M (USD)
in 11 rounds
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Latest Funding Round
$245 M (USD), Debt – Conventional
Oct 27, 2023
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Investors
ING
& 12 more
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Employee Count
356
as on Dec 31, 2022
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Products & Services of Renew Financial
Renew Financial offers a comprehensive portfolio of products and services, including PACE Financing, Solar Panel Financing, and HVAC Financing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers loans for home improvements repaid via property taxes.
Provides funding for solar installations to promote energy efficiency.
Supports heating and cooling upgrades with flexible repayment options.
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Funding Insights of Renew Financial
Renew Financial has successfully raised a total of $140.14M across 11 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $245 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Debt – Conventional — $245.0M
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First Round
First Round
(28 Oct 2009)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Debt – Conventional - Renew Financial | Valuation |
investors |
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| Aug, 2017 | Amount | Debt – Conventional - Renew Financial | Valuation |
investors |
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| Oct, 2016 | Amount | Debt – Conventional - Renew Financial | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Renew Financial
Renew Financial has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include ING, Barclays and Morgan Stanley. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment services are offered by LL Funds to clients.
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Founded Year | Domain | Location | |
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Investments are directed toward the US, Asia, and Australia.
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Founded Year | Domain | Location | |
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Seed and early-stage venture capital firm investing in digital solutions for healthcare and energy industries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Renew Financial
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Renew Financial
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Renew Financial Comparisons
Competitors of Renew Financial
Renew Financial operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mosaic, Ygrene Energy Fund, Odyssey Energy Solutions, SunFunder and Sol Systems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Residential solar financing is provided to homeowners for rooftop installations.
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| domain | founded_year | HQ Location |
Provider of an online platform for clean energy financing
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| domain | founded_year | HQ Location |
End-to-end platform for distributed renewable energy finance is provided.
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| domain | founded_year | HQ Location |
Capital is aggregated online for financing solar projects worldwide.
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| domain | founded_year | HQ Location |
Solar project financing is enabled through an online marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Renew Financial
Frequently Asked Questions about Renew Financial
When was Renew Financial founded?
Renew Financial was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Renew Financial located?
Renew Financial is headquartered in Oakland, United States. It is registered at Oakland, California, United States.
Who is the current CEO of Renew Financial?
Mark Floyd is the current CEO of Renew Financial.
Is Renew Financial a funded company?
Renew Financial is a funded company, having raised a total of $140.14M across 11 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $200M, raised on Oct 28, 2009.
How many employees does Renew Financial have?
As of Dec 31, 2022, the latest employee count at Renew Financial is 356.
What does Renew Financial do?
Renew Financial was established in 2008 in Oakland, United States, within the renewable energy sector. An online platform is operated to deliver financing solutions, including loans for individuals and businesses covering solar panels, windows, doors, heating, cooling, roofing, landscaping, and related installations. Support is also provided to governments for energy and water conservation initiatives across various projects.
Who are the top competitors of Renew Financial?
Renew Financial's top competitors include Mosaic, Ygrene Energy Fund and Odyssey Energy Solutions.
What products or services does Renew Financial offer?
Renew Financial offers PACE Financing, Solar Panel Financing, and HVAC Financing.
Who are Renew Financial's investors?
Renew Financial has 13 investors. Key investors include ING, Barclays, Morgan Stanley, Apollo Global Management, and Nomura.
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