Posted February 10, 2022
Sunstone Credit Announces Initial Fundraise to Make it Easy and Affordable for Businesses to Go Solar
Investors include Forbright Bank, Cross River Digital Ventures, Grotech Ventures, Early Light Ventures and the Maryland Momentum Fund
Baltimore, Md. (February 10, 2022) - Sunstone Credit, Inc. ("Sunstone"), a technology-enabled solar loan finance platform for businesses, today announced the company's initial fundraise, including investments from Forbright Bank, Cross River Digital Ventures, Grotech Ventures, Early Light Ventures and the University System of Maryland Momentum Fund. In addition to their investments, Forbright Bank and Cross River will also serve as strategic partners to Sunstone, and provide the financing to back its loan portfolio.
Sunstone is on a mission to enable more small and medium-sized businesses (SMBs) access to solar energy through its technology-driven platform offering affordable and easy-to-understand solar loan products. This round of investment will allow Sunstone to scale its team, invest in its best-in-class technology platform and continue to grow its national network of solar developer partners.
Read the full release from PRNewswire.