King Energy, a provider of solar energy solutions for multi-tenant commercial properties, successfully closed a $10 million funding round. The fund sums up with $7 million led by ArcTern Ventures and $3 million from existing investors Blackhorn Ventures, Active Impact Investments, and Next Frontier Capital. As per the King Energy, the investment will be used to expand its solar financing and billing platform, designed to provide economic benefits to both tenants and property owners. The capital will also be directed toward scaling operations, increasing staff, and advancing technology enhancements, broadening King Energy’s reach across North America.
ArcTern Ventures leads King Energy’s $7M renewable energy funding
ArcTern’s $7 million investment will help King Energy extend its solar financing platform for property owners and tenants. (Image Source: ArcTern Ventures)
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The financing includes a €420 million senior debt facility and €260 million Holdco financing for Southern Europe solar projects. (Image Source:BNZ)