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mx51 chief executive Victor Zheng. Source: supplied This week we saw e-commerce platform Little Birdie backed to the tune of $30 million with funding from CBA, and heard from Collabosaurus founder Jessica Ruhfus, who hasn’t raised a cent, but has bootstrapped her way to profitability. But there has also been more funding activity for Aussie startups, including in both the medtech and fintech sectors, as well as a successful equity crowdfunding campaign for a business digitising property management. Plus, we take a look at a shiny new unicorn in the US solar energy space. Here’s some of the funding news you might have missed. ....
Solar software provider Aurora closes US$250m funding round News Sam Adeyemo and Chris Hopper, co-founders of Aurora Solar. Image: Aurora Solar. Aurora Solar, a US-based company that has developed software to enable the remote design and sale of PV systems, has closed a US$250 million series C funding round. Led by technology investment platform Coatue, with follow-on participation from existing investors ICONIQ Capital, Energize Ventures and Fifth Wall, the round takes the total raised by Aurora in the last two years to more than US$320 million. As well as helping solar professionals to determine how many modules will fit on a property, Aurora said its software can be used to forecast how much energy a PV system will produce, to calculate how many batteries are needed for backup power and to show how much money customers can save by switching to solar. ....
Aurora Solar Raises $250 Million to Digitize Solar Installations Funding Round Led by Coatue Signals Market Interest in the Growing Solar Industry News provided by Share this article Share this article SAN FRANCISCO, May 24, 2021 /PRNewswire/ Aurora Solar, the industry s leading software platform for solar sales and design, today announced it has closed a $250 million Series C funding round led by Coatue, with follow-on participation from existing investors ICONIQ Capital, Energize Ventures, and Fifth Wall. In just over two years, Aurora Solar has raised more than $320M. Today s fundraise underscores the remarkable shift to renewable energy happening in energy markets around the globe, with solar being the fastest-growing source of energy over the past decade. This growth translates into jobs by 2030, in the United States alone, the solar industry will need to grow from 230,000 to 900,000 people in order to meet President Biden s goal of carbon-free powe ....
Aurora Solar aims to power the growing solar industry with a $250M round C Aurora Solar had one of those pitches that seemed obvious in retrospect. Instead of going to a house and measuring its roof manually for a solar panel installation, why not use aerial scans and imagery of the whole region? That smart play earned them a $20M A round, a $50M B round, and now only six months later a massive $250M C as they aim to become the software platform on which the coming solar power expansion will be run. The idea is simple enough to explain, but difficult to pull off. There’s lots of data out there about the topography, physical and infrastructural, of most cities. Satellite imagery, aerial lidar scans, light and power lines and usage data, and of course where and how the sun hits a given location this information is readily available. Aurora’s innovation wasn’t just using it, but assembling it into a cohesive system that’s simple and effective enough to be used widel ....