Spruce Finance

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Spruce Finance
TypePrivate
IndustrySolar energy and energy efficiency
Founded2015; 7 years ago (2015)
Headquarters201 Mission Street, 11th Floor San Francisco, 94105 US
Area served
Nationwide
Key people
Nat Kreamer
Jeff Loebbaka
Steve Olszewski
Nick Mack
Leslie Cariani
Darren Thompson
Websitewww.sprucefinance.com

Spruce Finance, headquartered in San Francisco, California is a consumer finance company specializing in the residential solar finance and efficiency home improvement sectors in the U.S.[1] The company was founded in 2015 when Clean Power Finance merged with Kilowatt Financial[2] and is led by CEO Nat Kreamer, co-founder of Sunrun.[3]

The company operates its efficiency business in 50 states and its solar business in 25 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Louisiana, Maryland, Massachusetts, Minnesota, Missouri, Nevada, New Mexico, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Utah, Vermont and Washington.[4]

Investors[]

Spruce is a private company backed by investors that include Kleiner Perkins Caufield & Byers, Google Ventures (GV), Duke Energy (NYSE: DUK), Edison International (NYSE: EIX), Dominion Resources (NYSE: D), and Claremont Creek Ventures.[5]

References[]

  1. ^ Meyers, Glenn(January 15, 2015)Newly Branded Spruce Finance Offers Renewable Energy Financing. Cleantechnica.com.
  2. ^ Wesoff, Eric (July 15, 2015) "Clean Power Finance and Kilowatt Financial Are Merging". Greentech Media.
  3. ^ Olson, Syanne (September 6, 2011). "Clean Power Finance closes US$25M investment from KPCB, names new CEO, three board members". PV-Tech.org.
  4. ^ Stromsa, Karl-Erik (March 1, 2016). "5 MINUTES with Nat Kreamer, CEO of Spruce Finance". Rechargenews.com.
  5. ^ Eckhouse, Brian (May 25, 2016). "Spruce Arranges $120 Million Financing for Rooftop Solar". Bloomberg News.
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