SunRun Gets $55M More

San Francisco-based SunRun, which provides power purchase agreements (PPAs) for the residential solar market, has raised $55M in a Series C funding round, the firm said this morning. The round was led by Sequoia Capital, and also included Accel Partners and Foundation Capital. SunRun provides solar financing to residential customers, allowing them to install solar panels on their roof without a big outlay in capital. The firm owns the panels and leases them back to customers via a monthly payment, and also handles maintenance of those panels. SunRun was founded by Edward Fenster and Lynn Jurich out of Stanford's Graduate School of Business in 2007. The new funding brings the company's total raised to around $85M. More information »