King Energy Bags $10 Million in Funding
King Energy, the solar energy superhero for multi-tenant commercial buildings, has scored big with a fresh $10 million funding round.
Leading the charge is ArcTern Ventures with $7 million, backed up by Blackhorn Ventures, Active Impact Investments, and Next Frontier Capital, who collectively threw in another $3 million.
Clearly, when it comes to King Energy's mission to make solar as easy as flipping a switch, investors are all in.
This new cash infusion will help King Energy ramp up its game. Their solar financing and billing platform—which lets tenants and property owners bask in the financial glow of renewable energy—will now expand even further.
With plans to scale operations, hire more talent, and supercharge their tech, King Energy is poised to brighten up rooftops across North America like never before.
At the heart of this solar-powered revolution is CEO John Witchel, a guy with more entrepreneurial wins under his belt than a tech startup veteran at a conference.
From co-founding Prosper Marketplace to playing key roles at SolarCity and GitPrime, Witchel knows how to turn a good idea into something unstoppable.
The CEO says:
"We are incredibly honored by ArcTern's investment, which stands as a strong endorsement of our mission to transform how commercial properties benefit from renewable energy."
Now, with a team of seasoned industry experts backing him, he's steering King Energy into a future where every commercial rooftop is more than just a place to collect dust and pigeons.
ArcTern Ventures’ investment shows they’re ready to bet big on the future of clean energy, and adding their partner Mira Inbar to King Energy’s board means even more expertise in cracking the "split incentive" puzzle.
After all, making renewable energy financially beneficial for both tenants and property owners? That's how you win the solar game.
With nearly 200 energy programs already in action, King Energy is making it crystal clear: solar isn’t just a dream for the eco-conscious, it’s a money-saving reality for everyone.
Looks like commercial rooftops are about to get a serious glow-up!
