About Sunstone Credit
Sunstone Credit is a company based in Baltimore (United States) founded in 2021 by Mike D'Andrade and Sumbul Alvi. Sunstone Credit has raised $24.5 million across 2 funding rounds from investors including Cross River, Greenbacker and Forbright. The company has 13 employees as of December 31, 2021. Sunstone Credit has completed 2 acquisitions, including ORKA Finance and Sunlight Financial. Sunstone Credit offers products and services including Commercial Solar Loans and Digital Application Process. Sunstone Credit operates in a competitive market with competitors including SolarCity, Sunnova, SolarSquare, Sunlight Financial and M Kopa, among others.
- Headquarter Baltimore, United States
- Employees 13 as on 31 Dec, 2021
- Founders Mike D'Andrade, Sumbul Alvi
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Sectors
Financial ServicesEnergy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Sunstone Credit, Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$24.5 M (USD)
in 2 rounds
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Latest Funding Round
$20 M (USD), Series A
Jan 31, 2023
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Investors
Cross River
& 6 more
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Employee Count
13
as on Dec 31, 2021
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Investments & Acquisitions
ORKA Finance
& 1 more
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Products & Services of Sunstone Credit
Sunstone Credit offers a comprehensive portfolio of products and services, including Commercial Solar Loans and Digital Application Process.
Flexible loans for businesses to install solar systems
Online tool for efficient loan applications and approvals
People of Sunstone Credit
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Funding Insights of Sunstone Credit
Sunstone Credit has successfully raised a total of $24.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in January 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.
Investors in Sunstone Credit
Sunstone Credit has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Cross River, Greenbacker and Forbright.
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Venture capital fund focused on impact-based startups
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Early-stage US tech startups are invested in by Grotech Ventures.
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Early Light Ventures is focused on supporting non-traditional founders.
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Investor details for Sunstone Credit
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Investments & Acquisitions by Sunstone Credit
Sunstone Credit has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ORKA Finance and Sunlight Financial.
Investment portfolio details for Sunstone Credit
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Commercial solar loan financing is provided for small businesses.
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Loans for residential solar systems are financed for homeowners.
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Complete acquisition details for Sunstone Credit
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Financial Statements - Sunstone Credit
Detailed financials for Sunstone Credit
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Sunstone Credit Comparisons
Peer comparison for Sunstone Credit
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Competitors of Sunstone Credit
Sunstone Credit 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, SolarSquare, Sunlight Financial and M Kopa, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Solar power systems are designed, financed, and installed for clients.
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Solar services are provided to residential and commercial customers.
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Provider of solar panel installation services
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Loans for residential solar systems are financed for homeowners.
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Affordable solar power is provided to households in Kenya.
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Solar panel energy solutions are provided to enterprises.
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Detailed competitors of Sunstone Credit
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Latest news on Sunstone Credit
Complete news archive for Sunstone Credit
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Frequently Asked Questions about Sunstone Credit
Sunstone Credit was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Sunstone Credit is headquartered in Baltimore, United States. It is registered at Baltimore, Maryland, United States.
Sunstone Credit is a funded company, having raised a total of $24.5M across 2 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Sunstone Credit is 13.
Sunstone Credit was established in 2021 in Baltimore, United States, by co-founders Mike DAndrade and Sumbul Alvi. Operations are centered on the development of solar and wind energy projects within the renewable energy sector. Services include project initiation and management, with a focus on sustainable power generation. The company operates primarily in the United States, supporting infrastructure for clean energy initiatives.
Sunstone Credit offers Commercial Solar Loans and Digital Application Process.
Sunstone Credit has made 2 acquisitions, including ORKA Finance, and Sunlight Financial.
Sunstone Credit has 7 investors. Key investors include Cross River, Greenbacker, Forbright, University of Southern Maryland, and Earthshot Ventures.