Wunder Capital, a firm that develops and manages solar investment funds through partnerships, test processes, underwriting framework and its investment portal, announced on Wednesday it secured $112 million in equity and debt financing to accelerate the growth of the company.
Founded in 2013, Wunder Capital is described as a fintech company that provides financing solutions to commercial-scale solar energy projects across the U.S. The company allows accredited individuals, trusts, corporations, and financial institutions to invest in large-scale solar energy projects. The company reported that its latest Series B funding round was led by Cyrus Capital Partners, along with participation from existing investors, including Series A lead Techstars Ventures.
Wunder Capital noted John Rapaport, Partner at Cyrus, Co-founder of Repower Group, Cyrus’ renewable energy and electric vehicle focused affiliate, and former Board Member of Virgin America, will join its Board of Directors, while John Witchel, co-founder of Prosper and an early pioneer of P2P lending, will join Wunder’s Advisory Board. Rapaport stated:
“In Wunder, we found the team we believe will build the next billion-dollar energy company. Wunder has developed a robust and unique technology-driven approach that minimizes costs and makes financing solar energy easy for the investor and the borrower. We’re excited to work with their team to make their vision of a solar-powered future a reality.”
Bryan Birsic, CEO of Wunder Capital, added:
“We’re thrilled to announce Wunder’s new partnership with Cyrus. Their experience will be invaluable in achieving Wunder’s ambitious goal of bringing solar to every business across the U.S., and tailoring offerings to the larger institutional capital markets. In addition, their commitment to Wunder’s solar investment funds substantiates our commercial solar asset-backed investments in an incredibly powerful way. We couldn’t be happier to have found partners that see Wunder’s vision and can help us accelerate it.”