SunRun has closed a Series B round of funding for $18 million, led by Accel Partners and joined by existing investor Foundation Capital.
SunRun says it plans to use the funding to meet strong demand for its popular residential solar service, expand into new markets and build on the company's recent successes.
This funding round follows U.S. Bancorp's commitment in November 2008 for project financing for up to $105 million in solar facilities and a $12 million Series A financing round led by Foundation Capital in June 2008.
SOURCE: SunRun
