The funds, raised in connection with the District's Certified Capital Company (CAPCO) program, will allow the company to expand and help to create additional jobs in the D.C. area.
In conjunction with this funding, Advantage Capital Managing Director Jonathan Goldstein joins Skyline's board of directors.
Skyline Innovations, founded in 2009, provides commercial-scale solar water heating systems to businesses and the public sector. The company finances, installs, monitors and maintains the systems at no up-front cost. In addition to Washington, D.C., the company deploys its systems in Arizona, California, Florida, Hawaii and Maryland.
The CAPCO program encourages the flow of investment capital to promising small businesses located in the District of Columbia.