Evergrow is a company.
Evergrow has raised $7.0M across 1 funding round.
Key people at Evergrow.
Evergrow has raised $7.0M in total across 1 funding round.
Evergrow is a San Francisco-based fintech company that provides an end-to-end platform for monetizing clean energy tax credits, primarily for commercial and industrial (C&I) solar PV and battery storage projects.[1][2][3] It serves project developers, property owners, corporations, and financial institutions by acting as a single point of contact to match sellers of tax credits with buyers, conducting comprehensive diligence, and guaranteeing funding to lower financing barriers and accelerate clean energy deployment.[1][2][4] This solves the high transaction costs and complexities that historically hinder community-scale clean energy projects, enabling more resilient grids and supporting decarbonization amid rising demands from AI, EVs, and manufacturing.[1][3] With $14M in total funding (including a $7M round in 2023), over $150M in projects on its platform, and 28 employees generating $5.8M in revenue, Evergrow demonstrates strong growth momentum in the climate tech space.[3]
Evergrow was founded in 2021 by James Richards, sparked by his personal investment in a solar energy project on a Los Angeles public high school, where he exchanged capital for tax credits and witnessed firsthand the financing challenges for community-scale clean energy.[1] The team combines expertise in AI, clean energy project finance, product design, and technology, with notable advisors and backers including leaders from Skyview Ventures, Living Carbon, Charm Industrial, Twitch, Brex, Bridgewater Associates, and Instacart.[1][3] Early traction built on this insight, evolving into a technology-driven platform backed by top-tier VCs, culminating in a 2023 funding announcement highlighting over $150M in projects.[3]
Evergrow rides the clean energy financing boom, fueled by U.S. tax credit expansions like the Inflation Reduction Act, which amplify incentives for solar, storage, and decarbonization amid surging electricity needs from AI data centers, EV infrastructure, and reshoring manufacturing.[1][3] Timing is ideal as grid resilience and community-scale projects gain urgency, with market forces like high interest rates and capital constraints favoring tech-enabled monetization over traditional finance.[1][2] By democratizing access to tax credits, Evergrow influences the ecosystem, enabling more projects, partnering with corporations for sustainability goals, and shaping policy—positioning it as a key enabler in the shift to a carbon-neutral economy.[1][3][4]
Evergrow is poised to scale rapidly as tax credit volumes explode, potentially expanding beyond C&I solar/storage into broader renewables and international markets while leveraging AI for even faster diligence.[1][3] Trends like AI-driven energy demand and corporate net-zero mandates will propel growth, with platform effects amplifying its network to dominate clean energy fintech.[2][3] Its influence may evolve from niche monetizer to ecosystem orchestrator, powering the clean energy buildout that defines the decade—lowering barriers today to fund tomorrow's grid.
Key people at Evergrow.
Evergrow has raised $7.0M in total across 1 funding round.
Evergrow's investors include Acrew Capital, Alt Capital, Alven, Ascend Vietnam Ventures, Bain Capital Ventures, BEENEXT, Bessemer Venture Partners, Blackhorn Ventures, C2 Investment, Chemistry VC, Congruent Ventures, Exponent Founders Capital.
Evergrow has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in November 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2021 | $7.0M Seed | Acrew Capital, Alt Capital, Alven, Ascend Vietnam Ventures, Bain Capital Ventures, BEENEXT, Bessemer Venture Partners, Blackhorn Ventures, C2 Investment, Chemistry VC, Congruent Ventures, Exponent Founders Capital, Fifth Down Capital, First Round Capital, FJ Labs, Founders Fund, General Catalyst, Gigascale Capital, Glasswing Ventures, Goat Capital, Gradient Ventures, Sangeen Zeb, ICONIQ Capital, Infinite Capital, Liquid 2 Ventures, Mischief Venture Capital, Operator Collective, Picus Capital, Pioneer Fund, Predictive VC, Renegade Partners, Sequoia Capital, Spark Capital, Jarrod Dicker, Todd and Rahul's Angel Fund, Vouch Insurance, XYZ Venture Capital, Brandon Leonardo, Chad Nitschke, Chase Gilbert, Garrett Koehn, Gordon Wintrob, Howie Liu, Mark Ghermezian, Max Mullen, Peter Reinhardt, Trevor Noah, Will Gaybrick, Zachary Sims, Brewer Lane Ventures, FirstMark Capital, Foundation Capital |
