Congruent Ventures has led a $2.5m funding round for Energetic Insurance, which hopes to enable SMEs to tap into the solar energy market.
Energetic Insurance, a US-based credit insurance policy provider for commercial solar projects, has raised $2.5m in a round led by Congruent Ventures, a venture capital fund backed by University of California.
Clocktower Technology Ventures and Powerhouse Ventures also contributed to the round.
Energetic Insurance has developed a credit insurance policy for commercial solar projects pursued by small and medium-sized enterprises, protecting developers against payment defaults from businesses that do not boast investment-grade credit.
SMEs have traditionally been…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
