About Sunlight Financial
Sunlight Financial is an Energy & Utilities company based in New York (United States) founded in 1988, and was acquired by Greenbacker in October 2023. Loans for residential solar systems are financed for homeowners. Sunlight Financial has raised $260 million across 6 funding rounds from investors including SVB, Greenbacker and Sunstone Credit. The company has 195 employees. Its chief executive, as recorded, is Matt Potere. Its website sunlightfinancial.com draws about 49 thousand monthly visits. Sunlight Financial offers products and services including Solar Loans and Home Improvement Loans. Its focus areas include Energy, Solar Energy, Solar-as-a-service and Financing. Its legal entity is Sunlight Financial LLC. Its competitors include SolarCity, Sunnova and Sunrun; 3 of its 3 listed competitors have raised funding.
Company details
Sunlight Financial was founded in 1988 and is headquartered in New York, United States. Operations focus on the residential solar finance sector, where loans are extended to homeowners to enable solar system ownership. These financing options support energy bill reductions, protection from rate increases, and adoption of renewable energy sources. Services are delivered through the domain sunlightfinancial.com, with Matt Potere serving as CEO.
- Headquarters New York, United States
- Employees 195
- Stage Acquired
- SectorsEnergy & Utilities
- Website sunlightfinancial.com
- Social LinkedIn X Facebook Instagram
- Acquired by Greenbacker (Oct 2023)
- Legal Name Sunlight Financial Llc
- Annual Revenue$98.51 M (USD)60as on Dec 31, 2022
- Net Profit-$511.94 M (USD)-221as on Dec 31, 2022
- EBITDA-$509.7 M (USD)-122as on Dec 31, 2022
- Total Equity Funding$260M (USD)
in 6 rounds
- Latest Funding Round$50M (USD), Private Equity Round
Jun 2018
- InvestorsSVB
& 8 more
- Employee Count195
- Acquired byGreenbacker
(Oct 2023)
Products & Services of Sunlight Financial
Sunlight Financial offers a comprehensive portfolio of products and services, including Solar Loans and Home Improvement Loans.
Loans for installing solar systems to reduce energy costs.
Loans for upgrades like roofing and HVAC systems.
Funding Insights of Sunlight Financial
Sunlight Financial has successfully raised a total of $260M across 6 strategic funding rounds. The most recent funding activity was a Private Equity Round of $50 million completed in June 2018. 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 $260M
- Total Rounds 6
- Last Round Private Equity Round — $50M
- First Round $220M
(Sep 2015)
- Investors Count 6
All 6 funding rounds of Sunlight Financial with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2018 | $50M | Private Equity Round | – | FTV Capital | – |
| Apr 2018 | $225M | Debt – Conventional | – | – | |
| May 2017 | $500M | Debt – Conventional | – | – | – |
| Feb 2017 | $130M | Private Equity Round | – | – | |
| Sep 2015 | $80M | Private Equity Round | – | Tiger Infrastructure Partners | |
| Sep 2015 | $220M | Debt – Conventional | – | – |
9 investors in total: 9 institutional.
Investors in Sunlight Financial
Sunlight Financial has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, Greenbacker and Sunstone Credit.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | ftvcapital.com | San Francisco, United States | ||
Sustainable investments are managed by this investment firm. | hudsoncep.com | Miami, United States | ||
Early, growth & late stage VC firm investing in the US | route66ventures.com | Alexandria, United States | ||
Tiger Infrastructure is focused on middle market infrastructure investments. | tigerinfrastructure.com | New York, United States | ||
Provider of commercial equipment financing services | 1908 | cit.com | New York, United States | |
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States | |
Sustainable renewable energy infrastructure is invested in and managed. | 2011 | greenbackercapital.com | New York, United States | |
Provides green electricity, natural gas, solar, and home warranty services to customers. | 1991 | igs.com | Taipei, Taiwan | |
Solar and wind energy projects are developed by Sunstone Credit. | 2021 | sunstonecredit.com | Baltimore, United States |
Investor details for Sunlight Financial
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Sunlight Financial
19 people are tracked at Sunlight Financial (8 in leadership, 11 in team); the tracked headcount is 195.
| Name | Role | Group |
|---|---|---|
Matt Potere | CEO | Leadership |
Virginia Tannehill | Head Of New Business | Leadership |
Nicole Whitehead | Director, Commercial Risk | Leadership |
Dave Strobolakos | Director, Information Security Officer | Leadership |
Kevin O'Shaughnessy | Director, Finance And Technology Operations | Leadership |
Pratik Mehta | Director, Capital Markets | Leadership |
Zach Wise | Head Of Capital Markets | Leadership |
Ren Scott | Head Of Solar Business Development And Marketing | Leadership |
Matthew Smith | Senior Business Development Manager - Home Improvement GTM Sales And Sales Strategy | Team |
Robert Orrick | Sr. Manager, Operations & Services | Team |
K. Olivia Williams | Manager - IT Business Analyst | Team |
Joseph Yarbrough | Senior Manager - Revenue Operations | Team |
Eren Arkan | Manager, Strategy | Team |
Kelsey Espinoza | Senior Human Resources Manager | Team |
Sonal Patel | Senior Associate, Talent Acquisition | Team |
Karin Ramponi | Senior Accounting Manager | Team |
Jerry Thomas | Business Development Team Leader | Team |
Hitesh Patel | Senior Associate - Operations And Service | Team |
Joshua Hill | Credit Strategies Sr. Associate | Team |
Complete people profiles for Sunlight Financial
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Sunlight Financial
5 dated milestones of Sunlight Financial across 35 years, from founding to its latest funding, stage changes and deals.
- Founded Sunlight Financial is founded.
- Funding First funding round of $220.0M.
- Funding Latest funding round, Private Equity Round, of $50.0M.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by Greenbacker.
Competitors of Sunlight Financial
Sunlight Financial has 3 listed competitors in our database, 3 of them funded. They include SolarCity, Sunnova and Sunrun.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| solarcity.com | 2006 | San Mateo, United States | $1.28B | Solar power systems are designed, financed, and installed for clients. | ||
| sunnova.com | 2010 | Houston, United States | $1.54B | 644 | Solar services are provided to residential and commercial customers. | |
| sunrun.com | 2007 | San Francisco, United States | $296.98M | 8,360 | Solar energy services are provided to residential customers nationwide. |
Detailed competitors of Sunlight Financial
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Sunlight Financial
The website of Sunlight Financial (sunlightfinancial.com) receives about 48.9K visits a month.
- Monthly visits48.9K
▲ 31.1% vs previous month
Websites whose visitors overlap most with Sunlight Financial. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
slfportal.com | slfportal.com | 100% | #1,845,496 | – | |
| joinmosaic.com | 86% | 3.6K | #4,793,325 | View details | |
| energysage.com | 73% | 390.5K | #113,502 | View details | |
optimusfinancing.com | optimusfinancing.com | 58% | #2,694,805 | – | |
| acornfinance.com | 50% | 180.1K | #232,381 | View details |
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Sunlight Financial (Renewable & Sustainable Energy) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | 1,276 | ||
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Sunlight Financial
Complete news archive for Sunlight Financial
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Sunlight Financial
Sunlight Financial was founded in 1988 and raised its 1st funding round 27 years after it was founded.
Sunlight Financial is headquartered in New York, United States. It is registered at New York, New York, United States.
Matt Potere is the CEO of Sunlight Financial, as recorded in our data.
Sunlight Financial is a funded company, having raised a total of $260M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $220M, raised on Sep 2015.
Sunlight Financial has 195 employees.
Annual revenue of Sunlight Financial is $98.51M as on Dec 31, 2022.
Sunlight Financial was founded in 1988 and is headquartered in New York, United States. Operations focus on the residential solar finance sector, where loans are extended to homeowners to enable solar system ownership. These financing options support energy bill reductions, protection from rate increases, and adoption of renewable energy sources. Services are delivered through the domain sunlightfinancial.com, with Matt Potere serving as CEO.
Sunlight Financial offers Solar Loans and Home Improvement Loans.
Sunlight Financial has 9 investors. Key investors include SVB, Greenbacker, Sunstone Credit, CIT, and FTV Capital.
Sunlight Financial operates through Sunlight Financial Llc.
Yes. Sunlight Financial was acquired by Greenbacker in October 2023.