kWh Analytics disclosed information on its $1 million debt issuance

kwh analyticskWh Analytics reported selling 56% of its debt issuance via a subscription which launched on April 18th. According to the information disclosed, ten subscribers ponied up $555,000 out of the $1 million the company expected to raise. $445,000 in additional funding can be raised before April 2015 based on the placement’s structure. This is the first debt financing done by the company under a registration exemption.

The company is an independent provider of live operating solar asset data as well as a big data predictive analytic platform. The data covers 10,000+ photovoltaic systems (arrangement of components supplying electricity), 3 million modules (packaged, connected assembly of solar cells) and 50,000+ inverters (DC to AC power converters). The historical performance data spans the residential, commercial and utility-grade segments as well as all US states with a significant solar demand. The company targets institutional investment firms as well as solar industry participants.

Richard Matsui (President and CEO) leads the San Francisco CA based company which was registered in 2012. kWh Analytics kept its revenues undisclosed.

The executive team includes Nicholas Malaya.

Offering recap
Status: First close
Company: kWh Analytics
Industry: Other Energy
Amount offered: $1 million
Amount placed: $555,000
First sale: 04-18-2014
Data as of: 05-05-2014


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