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What does Renovate America do?
Renovate America, is the provider of financing for energy and water efficient home improvements in the U.S. It is the leader in making homes and communities more energy and water efficient. The company partners with cities and countries for providing innovative new financing solutions which deliver multiple benefits which includes lower utility bills, energy savings, new jobs, lowered emissions and increased property values. The company’s HERO Financing Program is a swiftly growing energy efficiency financing solution in the country.
How much Renovate America was funded?
Renovate America raised $90M in Private Equity fund on October 1st 2015 from 400 Capital Management, Valor Equity Partners, DB Masdar Clean Tech Fund, Silver Lake Kraftwerk, RockPort Capital and DFJ Growth
Previous Funding
- $6M in Series C funding on October 9th, 2012 from RockPort Capital.
- $50M in Private Equity fund on July 16th 2014 from Valor Equity Partners, Spring Creek Group, RockPort Capital and MacQuarie Capital Funds
What is next for Renovate America?
The funding will be used for supporting the company’s growth, and expanding its geographic footprint. The company is changing the marketplace of home improvement in every region it sets foot into. The company is setting high standards for the consumer protection and is providing training to the local contractors, with lending process automation and making water and energy savings technology more attainable to the home owners.
The company partners with businesses and local government for providing homeowners PACE financing through its HERO Program. This program communities with a host of software products and training services which assist local contractors with water savings and financing energy improvements.
More about Renovate America
Renovate America was founded by J. P. McNeil and Nick Fergis. It has its headquarters in San Diego, CA. The company is revolutionizing the method in which people are adopting efficient energy products.
