Loading organizations...

§ Private Profile · Metairie, LA, USA
PosiGen is a technology company.
PosiGen is making solar panel leasing accessible and affordable for all homeowners, regardless of their credit score or income level. By providing affordable solar leasing programs, we help families save money and lower utility bills.
PosiGen has raised $687.0M across 9 funding rounds.
PosiGen has raised $687.0M in total across 9 funding rounds.
PosiGen is a technology-driven company specializing in residential solar energy and energy efficiency solutions, primarily serving low-to-moderate income homeowners. Its core product is a solar leasing program combined with energy efficiency upgrades designed to reduce utility bills and increase energy independence for underserved communities. PosiGen’s innovative approach removes traditional barriers such as credit score and income requirements, approving customers based on homeownership and utility usage history instead. This model has enabled PosiGen to complete over 22,000 installations and save more than 750 million kWh of energy, demonstrating strong growth and impact in the clean energy sector[1][2][4].
Founded in 2011 in Louisiana, PosiGen was created by founders who recognized the disparity in solar energy access for marginalized communities. They developed a business model focused on guaranteed savings for customers, ensuring solar installations only proceed if they reduce energy costs. Early traction came from this customer-centric approach, which quickly gained momentum and expanded across multiple states. PosiGen now employs over 600 people and supports more than 150 contractors, reflecting significant operational scale and community engagement[2][4].
PosiGen rides the growing trend of democratizing clean energy access, particularly focusing on equity in solar adoption. The timing is critical as energy costs rise and climate awareness grows, creating demand for affordable, sustainable energy solutions. Market forces such as government incentives for renewable energy and increasing utility rates favor PosiGen’s model. By targeting underserved communities, PosiGen not only expands the solar market but also contributes to reducing energy poverty and promoting local economic growth through reinvested savings and job creation[1][4].
PosiGen is poised to continue its expansion, leveraging its proven leasing model and community partnerships to reach more homeowners nationwide. Future trends shaping its journey include increasing regulatory support for renewable energy, advances in solar technology, and growing consumer demand for sustainable living. As PosiGen scales, its influence may extend beyond residential solar to broader energy efficiency and sustainability initiatives, further embedding clean energy solutions in underserved markets and strengthening its role as a leader in equitable energy access[1][2][4].
PosiGen has raised $687.0M across 9 funding rounds. Most recently, it raised $150.0M Other Equity in May 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 24, 2024 | $150M Venture Round | Hadley Peer Marshall | — | Announced |
| Aug 15, 2023 | $12M Debt Financing | — | Dana Cotter, Kerry O'neill | Announced |
| May 15, 2023 | $250M Debt Financing | Hadley Peer Marshall | — | Announced |
| Jan 5, 2022 | $100M Venture Round | Magnetar Capital | Activate Capital, Builders Fund, Emerson Collective, Irradiant Partners, SJF Ventures, The Kresge Foundation | Announced |
| Apr 28, 2021 | $27M Series D Plus | — | Anup Jacob, JON Levinson, Dave Kirkpatrick | Announced |
| Dec 1, 2020 | $33M Series D | Builders Fund, 2040vc, Emerson Collective | — | Announced |
| Apr 18, 2019 | $20M Venture Round | Martin Debono | — | Announced |
| Jan 23, 2019 | $90M Debt Financing | Luke Doramus | Kerry O'neill | Announced |
| Aug 11, 2017 | $5M Venture Round | Charles E. Haberkorn | — | Announced |
PosiGen has raised $687.0M in total across 9 funding rounds.
PosiGen's investors include Hadley Peer Marshall, Dana Cotter, Kerry O'Neill, Magnetar Capital, Activate Capital, Builders Fund, Emerson Collective, Irradiant Partners, SJF Ventures, The Kresge Foundation, Anup Jacob, Jon Levinson.