Mercom: Despite Q1 VC Funding Slump, Solar Leasing Attracts Capital

Solar downstream companies received the most Q1 VC funding with $75 million in eight deals, as VCs shift away from thin-film deals. Solar leasing was the hottest subcategory, attracting $58 million.

The top five solar deals in Q1 were: One Roof ($30M), Sungevity ($28M), eSolar ($13M), Crystalsol ($11M), Goal Zero ($7M), and PsomasFMG ($7M).

VCs focused on smaller, more risk-adverse deals in Q1, decreasing the total dollars invested in solar globally by 40 percent compared to Q4, to $126 million. However, the total number of deals (26) remained consistent with Q4, indicating continued interest in solar. Q1 M&A activity in solar amounted to $306 million in 15 transactions.

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