Wunder Capital, an online lending platform that connects investors with large-scale solar projects across the United States, has raised USD3.6 million in Series A funding round, bringing the company’s total funding to USD4.7 million.
The round was led by Techstars Ventures, Fenway Summer Ventures, and FinTech Collective, alongside existing seed investors. This new capital will allow Wunder to continue scaling operations, growing its team and expanding into new energy markets.
Wunder was the first solar company to be accepted into Techstars’ technology accelerator program, which it graduated from in 2014. Since then, its platform has allowed accredited investors to capitalise on the solar market’s explosive growth – the United States solar market grew 1,300 per cent in the past five years alone. Wunder works with a network of installers, developers, and distributors across the country to source strong solar projects, financing only the ones that meet Wunder’s rigorous standards.
Wunder currently offers two solar investment opportunities; the Wunder Income Fund and the Wunder Bridge Fund, where investors are able to earn up to 6 per cent and 11 per cent respectively. Thousands of users have joined Wunder’s investment platform.
“We’re ecstatic to welcome Techstars Ventures, FinTech Collective, and Fenway Summer Ventures to the Wunder family,” says Bryan Birsic, Co-Founder and CEO of Wunder Capital. “This syndicate allows us access into the largest entrepreneurial network in the world, and it brings us incredibly deep expertise and connections in the financial technology market. Our mission to become the largest provider of solar financing in the US will benefit greatly.”
