About Sunlight Financial
Sunlight Financial is a company based in New York (United States) founded in 1988 was acquired by Greenbacker in October 2023.. Sunlight Financial has raised $260 million across 6 funding rounds from investors including SVB, Greenbacker and Sunstone Credit. The company has 195 employees as of December 31, 2021. Sunlight Financial offers products and services including Solar Loans and Home Improvement Loans. Sunlight Financial operates in a competitive market with competitors including SolarCity, Sunnova, Sunrun, SolarSquare and M Kopa, among others.
- Headquarter New York, United States
- Employees 195 as on 31 Dec, 2021
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sunlight Financial Llc
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Annual Revenue
$98.51 M60as on Dec 31, 2022
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Net Profit
$-511.94 M-221as on Dec 31, 2022
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EBITDA
$-509.7 M-122as on Dec 31, 2022
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Total Equity Funding
$260 M (USD)
in 6 rounds
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Latest Funding Round
$50 M (USD), Private Equity Round
Jun 06, 2018
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Investors
SVB
& 8 more
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Employee Count
195
as on Dec 31, 2021
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Acquired by
Greenbacker
(Oct 31, 2023)
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Products & Services of Sunlight Financial
Sunlight Financial offers a comprehensive portfolio of products and services, including Solar Loans and Home Improvement Loans. 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.
Loans for installing solar systems to reduce energy costs.
Loans for upgrades like roofing and HVAC systems.
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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 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 Total Funding
- Total Rounds 6
- Last Round Private Equity Round — $50.0M
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First Round
First Round
(16 Sep 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Private Equity Round - Sunlight Financial | Valuation | FTV Capital |
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| Apr, 2018 | Amount | Debt – Conventional - Sunlight Financial | Valuation |
investors |
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| May, 2017 | Amount | Debt – Conventional - Sunlight 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 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. 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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Private equity investment firm
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Founded Year | Domain | Location | |
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Sustainable investments are managed by this investment firm.
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Founded Year | Domain | Location | |
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Early, growth & late stage VC firm investing in the US
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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 Sunlight 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 - Sunlight 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 |
Sunlight Financial Comparisons
Competitors of Sunlight Financial
Sunlight 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 SolarCity, Sunnova, Sunrun, SolarSquare and M Kopa, 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 |
Solar power systems are designed, financed, and installed for clients.
|
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| domain | founded_year | HQ Location |
Solar services are provided to residential and commercial customers.
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| domain | founded_year | HQ Location |
Solar energy services are provided to residential customers nationwide.
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| domain | founded_year | HQ Location |
Provider of solar panel installation services
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| domain | founded_year | HQ Location |
Affordable solar power is provided to households in Kenya.
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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 Sunlight Financial
Frequently Asked Questions about Sunlight Financial
When was Sunlight Financial founded?
Sunlight Financial was founded in 1988 and raised its 1st funding round 27 years after it was founded.
Where is Sunlight Financial located?
Sunlight Financial is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Sunlight Financial?
Matt Potere is the current CEO of Sunlight Financial.
Is Sunlight Financial a funded company?
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 $500M, raised on Sep 16, 2015.
How many employees does Sunlight Financial have?
As of Dec 31, 2021, the latest employee count at Sunlight Financial is 195.
What is the annual revenue of Sunlight Financial?
Annual revenue of Sunlight Financial is $98.51M as on Dec 31, 2022.
What does Sunlight Financial do?
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.
Who are the top competitors of Sunlight Financial?
What products or services does Sunlight Financial offer?
Sunlight Financial offers Solar Loans and Home Improvement Loans.
Who are Sunlight Financial's investors?
Sunlight Financial has 9 investors. Key investors include SVB, Greenbacker, Sunstone Credit, CIT, and FTV Capital.
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