SunFunder

SunFunder is a mission-driven solar finance firm headquartered in Nairobi, Kenya, specializing in providing debt capital to solar enterprises in emerging markets. The firm focuses on financing solar energy projects in Africa, Asia, and Latin America, aiming to improve access to clean, reliable energy for underserved communities. SunFunder offers short-term inventory and project finance loans to solar companies, supporting the deployment of solar energy systems and catalyzing growth in the sector.

The firm's investment strategy includes providing loans ranging from $1 million to $10 million to solar enterprises, addressing a critical funding gap for businesses that traditional lenders often overlook. SunFunder's portfolio encompasses various sectors, including off-grid solar home systems, mini-grids, productive use, commercial and industrial rooftop installations, and telecom energy service companies. The firm has a track record of deploying over $82 million to 46 solar companies and projects, impacting more than 7 million people with access to clean energy and mitigating 611,000 tons of CO2 emissions annually.

In June 2022, SunFunder was acquired by Mirova, an affiliate of Natixis Investment Managers dedicated to impact investing. This acquisition aimed to combine SunFunder's expertise in emerging market solar financing with Mirova's extensive investment capabilities, accelerating the energy transition in Africa, Asia, and Latin America. The integration has enabled SunFunder to expand its impact and continue its mission of financing renewable energy projects in emerging markets.