Tagged: bright

Solar energy developer Bright closes its second financing round in less than a month

Bright placed its mezzanine financing in full
XDATA – January 26th 2016
A $3 million unregistered mezzanine financing by Bright successfully closed. The non-brokered financing round was subscribed by one investor last Wednesday. One prior placement was closed under regulation D by the company and raised an estimated $5.46 million.
The company is a clean energy organization that enables residential solar power generation in the developing world. It provides local installers with the software tools and financing they need to put solar on millions of homes at no upfront cost. The company is backed by First Round, Y Combinator and Max Levchin.
The company was registered in 2014 and has its headquarters located in San Francisco CA. Bright kept its revenues undisclosed.
The executive team includes Jonah Greenberger.

The company has raised an estimated total of $8.46 million via private unregistered security offerings.

Bright is registered under the name Bright Exchange.

Offering recap
Status: Completed
Company: Bright
Industry: Energy Conservation
Amount offered: $3 million
Amount placed: $3 million
SEC filing: Source
First sale: 01-20-2016
Data as of: 01-26-2016