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Solstice operates as a community solar provider, enabling individuals and businesses to access renewable energy without installing rooftop panels. The company facilitates subscriptions to local solar farms, allowing participants to reserve a portion of an off-site array. This innovative model generates solar credits that are applied to subscribers' utility bills at a discounted rate, delivering consistent savings while connecting them to the clean energy grid.
The company was co-founded in 2015 by Steph Speirs and Sandhya Murali, who conceived the venture after collaborating in off-grid solar during their time at MIT business school. Their foundational insight stemmed from a shared commitment to democratize access to clean energy, recognizing the need for a solution that extends solar benefits beyond traditional property owners. Their prior experience informed Solstice's mission to bridge the accessibility gap in renewable energy.
Solstice primarily serves renters, homeowners, and commercial entities seeking to reduce their carbon footprint and electricity costs through solar energy participation. The company envisions a future where clean, affordable energy is universally accessible, allowing a broader segment of the population to contribute to environmental sustainability. This forward-looking approach positions Solstice to continue expanding the reach of community solar.
Solstice has raised $100K across 1 funding round.
Solstice has raised $100K in total across 1 funding round.
Solstice has raised $100K across 1 funding round. Most recently, it raised $100K Seed in February 2017.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2017 | $100K Seed | — | Fyrefly VC, ONE WAY Ventures, Rocketship.vc, Streamlined Ventures, Western Technology Investment, Larry Braitman, Lawrence Braitman, Michael Birch | Announced |
Solstice has raised $100K in total across 1 funding round.
Solstice's investors include Fyrefly VC, One Way Ventures, rocketship.vc, Streamlined Ventures, Western Technology Investment, Larry Braitman, Lawrence Braitman, Michael Birch.
Solstice, specifically the Chicago-based Solstice (part of Kin + Carta), is a modern software engineering firm founded in 2001 that builds digital solutions for Fortune 500 companies.[1][4] It serves large enterprises by providing strategy consulting, custom hardware/software development, user experience design, and agile transformation coaching to solve mission-critical problems and foster innovation cultures.[1][4] With around 276 employees, $80 million in revenue, and offices in Chicago, New York, London, and Buenos Aires, it focuses on areas like mobile apps, IoT, cloud computing, data analytics, and digital transformation, helping clients evolve customer relationships through world-changing products.[1][4]
Note: Multiple entities share the "Solstice" name in tech, including a 2018-founded insurance software firm for flood/homeowners carriers (Solstice Innovations)[2] and a community solar platform acquired after raising $12.27M (founded 2014).[3] This overview prioritizes the most prominent, established software engineering firm matching the query's description, based on employee size, revenue, and search prominence.[1][4]
Solstice was founded in 2001 in Chicago as a digital product agency specializing in enterprise software and mobile innovation.[1][4] It grew into a full-service firm under leaders focused on agile development and emerging tech like IoT, UX design, and conversational interfaces, evolving from custom app development to comprehensive digital transformation services.[1] Key milestones include expanding to global offices (New York, London, Buenos Aires) and joining Kin + Carta, enhancing its scale for Fortune 500 clients while maintaining a headquarters at 111 N Canal in Chicago.[1][4] The firm's ethos emphasizes high-speed innovation coaching, positioning it as strategists, designers, and engineers reshaping business operations.[1]
Solstice rides the wave of digital transformation for legacy enterprises, capitalizing on trends like cloud migration, AI-driven analytics, IoT, and mobile-first customer experiences amid accelerating business digitization.[1] Its timing aligns with Fortune 500s' post-pandemic push for agile innovation to compete with tech natives, amplified by market forces like rising data volumes and customer expectations for seamless digital interactions.[1][4] By enabling custom solutions in competitive spaces (e.g., vs. Mutual Mobile, WillowTree), Solstice influences the ecosystem through talent development and proven transformations, contributing to a broader shift where consultancies bridge strategy and execution for non-tech giants.[1]
Solstice is poised to expand within Kin + Carta's portfolio, leveraging AI integrations and edge computing to deepen enterprise digital strategies amid growing demand for sustainable, scalable tech stacks.[1][4] Trends like generative AI for UX and zero-trust security will shape its trajectory, potentially boosting revenue through deeper partnerships in regulated industries. Its influence may evolve toward AI-augmented consulting, solidifying its role as a transformation powerhouse for Fortune 500s navigating hybrid work and data sovereignty—reinforcing its core mission of world-changing digital solutions from its Chicago roots.[1]
