Energetic Insurance
Builders in Fintech has recorded 2 equity rounds for Energetic Insurance, most recently a series a round of $7M on 10 November 2021.
Added ·
- $9.5M
- Series A · $7M · 10 November 2021
Timeline
Series A · $7M
Seed · $2.5M · Congruent Ventures (lead), SCOR Global P&C
All funding rounds in the database
Product
Credit insurance that backs payment risk on renewable energy projects
Insurance
Markets: United States
Energetic Insurance is a US insurtech that underwrites credit risk for clean energy projects. Its insurance protects solar developers and their financiers against the risk that a commercial customer stops paying under a long-term power purchase agreement, which makes projects for mid-sized businesses, municipalities and non-profits easier to finance than when they depend on the offtaker's own credit rating.
Description from the company website · Source