About Sunstone Credit
Sunstone Credit is a Financial Services company based in Baltimore (United States) founded in 2021 by Mike D'Andrade and Sumbul Alvi. Solar and wind energy projects are developed by Sunstone Credit. It operates in the Financial Services and Energy & Utilities sectors. Sunstone Credit has raised $24.5 million across 2 funding rounds from investors including Cross River, Greenbacker and Forbright. The company has 13 employees. 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. Its focus areas include Energy, Solar Energy, Solar-as-a-service and Financing. Its legal entity is Sunstone Credit, Inc. Its competitors include SolarCity, Sunnova and Sunlight Financial; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Baltimore, United States
- Employees 13
- Founders Mike D'Andrade, Sumbul Alvi
- SectorsFinancial ServicesEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website sunstonecredit.com
- Social LinkedIn X Facebook
- Legal Name Sunstone Credit, Inc
- Total Equity Funding$24.5M (USD)
in 2 rounds
- Latest Funding Round$20M (USD), Series A
Jan 2023
- InvestorsCross River
& 6 more
- Employee Count13
- Investments & AcquisitionsORKA Finance
& 1 more
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
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.
- Total Funding $24.5M
- Total Rounds 2
- Last Round Series A — $20M
- First Round $4.5M
(Feb 2022)
- Investors Count 7
All 2 funding rounds of Sunstone Credit 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 |
|---|---|---|---|---|---|
| Jan 2023 | $20M | Series A | – | Earthshot Ventures, Grotech Ventures | – |
| Feb 2022 | $4.5M | Seed | – | Forbright, Cross River | – |
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on impact-based startups | earthshot.vc | Honolulu, United States | ||
Early-stage US tech startups are invested in by Grotech Ventures. | grotech.com | Arlington, United States | ||
Early Light Ventures is focused on supporting non-traditional founders. | 2021 | earlylight.vc | Mid-Atlantic, United States | |
Open banking API solutions are provided for financial institutions. | 2008 | crossriver.com | Fort Lee, United States | |
Commercial bank | 2003 | forbrightbank.com | Chevy Chase, United States | |
Sustainable renewable energy infrastructure is invested in and managed. | 2011 | greenbackercapital.com | New York, United States | |
Multiple courses across diversified streams are offered by USM university. | 1988 | usmd.edu | United States |
Investor details for Sunstone Credit
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 Sunstone Credit
16 people are tracked at Sunstone Credit (9 in leadership, 7 in team); the tracked headcount is 13.
| Name | Role | Group |
|---|---|---|
Mike D'Andrade | Co-Founder | Leadership |
Sumbul Alvi | Co-Founder | Leadership |
Josh Goldberg | CEO | Leadership |
Jeremiah Leong Guang Hao | VP - Head Of Capital Markets And Corporate Development | Leadership |
Jim Barber | Senior Vice President, Head Of Credit | Leadership |
Michelle Lipchin | Director of Business Development | Leadership |
Jonathan Crowley | Senior Director Of Business Development | Leadership |
Alex Kragie | Senior Director Of Business Development | Leadership |
Dan Murphy | VP Of Financial Programs, Loan Operations And Sales | Leadership |
Susan Tanski | SVP, Strategy | Team |
Conor Tierney | Credit Analyst | Team |
Ashley Cox | SVP, General Counsel | Team |
Lujia (Lulu) Guo | Business Development Manager | Team |
Aidan Lezynski | Associate | Team |
Duncan Hinkle | SVP, Business Development | Team |
Lindsay Buckel | Senior Manager, Financial Operations | Team |
Complete people profiles for Sunstone Credit
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.
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Commercial solar loan financing is provided for small businesses. | orkafinance.com | San Francisco, United States | 2020 | Jan 2024 | •••• | |
Loans for residential solar systems are financed for homeowners. | sunlightfinancial.com | New York, United States | 1988 | Oct 2023 | •••• |
Complete acquisition details for Sunstone Credit
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Sunstone Credit
5 dated milestones of Sunstone Credit across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Sunstone Credit is founded.
- Funding First funding round of $4.5M.
- Funding Latest funding round, Series A, of $20.0M.
- Acquisition Acquires Sunlight Financial.
- Acquisition Acquires ORKA Finance.
Competitors of Sunstone Credit
Sunstone Credit has 3 listed competitors in our database, 3 of them funded. They include SolarCity, Sunnova and Sunlight Financial.
| 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. | |
| sunlightfinancial.com | 1988 | New York, United States | $260M | 195 | Loans for residential solar systems are financed for homeowners. |
Detailed competitors of Sunstone Credit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Sunstone Credit
The website of Sunstone Credit (sunstonecredit.com) receives about 5.9K visits a month.
- Monthly visits5.9K
▲ 110.7% vs previous month
Websites whose visitors overlap most with Sunstone Credit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| energysage.com | 100% | 390.5K | #113,502 | View details | |
| climatefirstbank.com | 32% | 70.7K | #490,603 | View details | |
| sunwestbank.com | 30% | 49.6K | #743,972 | View details |
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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. The company's 1st funding round was a Seed of $4.5M, raised on Feb 2022.
Sunstone Credit has 13 employees.
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's top competitors include Sunnova, SolarCity and Sunlight Financial.
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.
Sunstone Credit operates through Sunstone Credit, Inc.