Wunder Capital, an online lending platform that connects investors with large-scale solar projects across the United States, raised $3.6 million in Series A funding, bringing the company’s total funding to $4.7 million. The round was led by Techstars Ventures, Fenway Summer Ventures, and FinTech Collective, alongside existing seed investors. Wunder is also the first solar company to graduate from Techstars’ technology accelerator program.
Boulder, Colo. – March 8, 2016 – Wunder Capital, an online lending platform that connects investors with large-scale solar projects across the United States, announced today a $3.6 million Series A, bringing the company’s total funding to $4.7 million. The round was led by Techstars Ventures, Fenway Summer Ventures, and FinTech Collective, alongside existing seed investors. This new capital will allow Wunder to continue scaling operations, growing its team and expanding into new energy markets.
Wunder was the first solar company to be accepted into Techstars’ renowned technology accelerator program, which it graduated from in 2014. Since then, its platform has allowed accredited investors to capitalize on the solar market’s explosive growth – the United States solar market grew 1,300 percent in the past five years alone. Wunder works with a network of installers, developers, and distributors across the country to source strong solar projects, financing only the ones that meet Wunder’s rigorous standards.
Wunder currently offers two solar investment opportunities; the Wunder Income Fund and the Wunder Bridge Fund, where investors are able to earn up to 6 percent and 11 percent respectively. Thousands of users have joined Wunder’s investment platform.
“We’re ecstatic to welcome Techstars Ventures, FinTech Collective, and Fenway Summer Ventures to the Wunder family,” said Bryan Birsic, Co-Founder and CEO of Wunder Capital. “This syndicate allows us access into the largest entrepreneurial network in the world, and it brings us incredibly deep expertise and connections in the financial technology market. Our mission to become the largest provider of solar financing in the U.S. will benefit greatly.”
Jason Seats, Partner @ Techstars Ventures:
“Wunder Capital is tapping into an incredible opportunity by blending fintech with the exploding solar market. We are excited to support them in growing their company.”
Raj Date, Managing Partner @ Fenway Summer Ventures:
“Fenway Summer has spent a lot of time researching the strategic landscape in renewable energy finance, and Wunder is the most exciting platform we’ve come across. This is a top notch team that has developed industry-leading technology to catalyze growth in the commercial solar market. We’re thrilled to be partnering with Bryan and his team, and we hope that Fenway Summer’s experience and expertise can play an important role in helping Wunder achieve its ambitious goals.”
Brooks Gibbins, Managing partner @ FinTech Collective:
“Wunder’s platform represents a new era of alternative lender, the vertically-integrated lender. They address critical issues of customer acquisition, underwriting, and support with unique capabilities specific to the commercial solar industry. We could not be more pleased to add Wunder to our portfolio of alternative lenders and to bring Wunder direct access to our deep capital markets network.”
Wunder Capital is a financial technology company that provides financing to solar projects throughout the country. Based in Boulder, Colorado, Wunder allows accredited individuals, trusts, family offices, foundations, hedge funds and pension funds to invest in the country’s new solar infrastructure. Wunder was founded in 2013 and won the U.S. Department of Energy’s 2014 Sunshot Challenge, the COSEIA’s 2015 Summit Award and was the first solar technology company to complete the prestigious Techstars technology accelerator program. Wunder’s software-based approach is dedicated to removing logistical barriers and high costs from solar investing, passing the savings on to investors and borrowers. Visit www.WunderCapital.com.
About Techstars Ventures
Techstars Ventures (TSV) is the venture capital arm of Techstars. TSV has $265 million under management and are currently investing out of their third fund totaling $150 million which is focused on Seed and Series A investments. TSV primarily co-invest alongside venture capital and angel communities in Techstars accelerator program graduates, new companies started by Techstars alumni, and companies formed by Techstars mentors. Visit www.Techstars.com.
About Fenway Summer Ventures
Fenway Summer Ventures (FSV) is a Bethesda, Maryland-based venture capital firm focused on promising early stage financial services companies. FSV combines regulatory, capital markets, and credit expertise with deep finance industry knowledge to support entrepreneurs solving important problems at the intersection of finance and technology.Visit www.FenwaySummer.com.
About FinTech Collective
FinTech Collective is a New York-based venture capital fund, focused exclusively on financial services technology companies. It was founded in 2012 by Brooks Gibbins and Gareth Jones, business partners of 16 years, to accelerate the re-imagination of financial services. FinTech Collective is one of the most active venture investors in fintech. They focus on early-stage companies, where the most disruptive and innovative business models and technologies are being developed. Visit fintech.io and @fintech_io.