Figtree Financing Finds $30M For Energy Funding

San Diego-based Figtree Financing, provider of clean energy project (PACE) financing, has raised $30M in a Series A funding round, according to the company. The funding came from an un-named institutional investor. Figtree Funding, which is led by Mahesh Shah, provides long term financing for solar panels, energy efficient lighting, cool roofing, and other energy saving projects, which are paid back through property tax payments. The company said the funding will go towards launching a residential PACE financing program and towards its existing commercial PACE financing platform, as well as expansion outside California. More information »