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/PRNewswire/ PosiGen, the nation s leading provider of renewable energy and energy efficiency solutions for low-to-moderate income homeowners, announces the.
PosiGen Hires Vice-President of Operations prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
PosiGen Completes Successful Second Close of Series D Growth Equity Financing
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NEW ORLEANS, April 28, 2021 /PRNewswire/ PosiGen, the nation s leading provider of renewable energy and efficiency solutions for low-to-moderate income (LMI) households, is pleased to announce the second close of its Series D growth equity financing with an additional $27 million investment from a syndicate of leading private equity investors, including Activate Capital, Kayne Anderson and SJF Ventures. The second closing of the Series D brings the total round to $60 million.
PosiGen s mission is to close the clean energy affordability gap for LMI homeowners by delivering lower cost utility bills and the environmental benefits of clean energy through rooftop solar and energy efficiency upgrades. PosiGen has served over 17,000 customers to date, including approximately 50% in communities of color, and is now positioned to rapidly scale. The funds
Mizzen Capital Provides Term Loan to Support PosiGen
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NEW YORK, April 21, 2021 /PRNewswire/ Mizzen Capital, LP ( Mizzen ), a private credit fund, is pleased to announce its investment in PosiGen, LLC. ( PosiGen ). Mizzen led the financing, providing $8 million of a $24 million term loan for working capital to PosiGen to accelerate their growth in providing energy efficiency upgrades and solar power to low and moderate income homeowners. Stonehenge Capital and Reinvestment Fund each provided $8 million.
Tom Neyhart, CEO of PosiGen said, PosiGen is a company devoted to creating good jobs in underserved communities, to enabling equitable access to clean energy, and to making a meaningful difference in the lives of the families we serve. We couldn t be more pleased to have these three organizations help us advance those goals in a sustainable and scalable fashion now and well into the future.