Aurora Solar nets another $200 million in funding
Solar sales and design software platform Aurora Solar closed a $200 million Series D funding round co-led by current investors Coatue and Energize Ventures with participation from Fifth Wall, ICONIQ and new investors, Lux Capital and Emerson Collective. More than 7.5 million solar projects have been designed in the Aurora Solar software platform.
“As a trusted partner to the fastest growing solar companies, we have a unique vantage point from which to deliver customer-centric innovation,” said Christopher Hopper, Co-founder and CEO of Aurora Solar. “We are thrilled about our next chapter and accelerating innovations that enable every member of the solar organization to benefit from data and AI, and ultimately deliver on the promise of solar.”
Aurora says this funding will be used to “accelerate product development, expand outreach, and build lasting, trusted relationships with their customers while also increasing Aurora’s collaboration with the broader solar community.”
“Software is increasingly becoming a mission-critical part of every solar organization’s technology and operating strategy,” said Samuel Adeyemo, Co-founder and CRO of Aurora Solar. “Aurora’s focus is to help our customers tackle some of the industry’s biggest challenges head on: accelerating sales cycles, scaling up design operations, and transitioning costly and ineffective manual processes to automated and integrated workflows.”
“Solar is a $100 billion industry and the fastest growing power generation source in the world. At Energize, we believe the key to accelerating solar adoption at scale is through software and automation,” said John Tough, managing partner at Energize Ventures, which is Aurora’s largest investor. “Aurora is building the operating system that will support this growth, and we’re thrilled to make our fourth consecutive investment in the company as they continue to expand their platform and build upon their world-class team.”
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