Spruce Power

Spruce Power

An online B2B marketplace that connects the solar industry with financing opportunities. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD2019202020212022202320242025
Revenues7.2m20.3m15.6m23.2m79.9m85.2m87.4m
% growth-182 %(23 %)49 %244 %7 %3 %
EBITDA(13.2m)(15.3m)(58.3m)(58.4m)28.4m--
% EBITDA margin(184 %)(75 %)(374 %)(252 %)36 %--
Profit(14.9m)(25.6m)28.8m(93.9m)(65.8m)--
% profit margin(207 %)(126 %)185 %(405 %)(82 %)--
R&D budget2.9m4.4m10.8m----
R&D % of revenue40 %22 %69 %----
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DateInvestorsAmountRound
-

N/A

-

$3.6m

Series A

$25.0m

Series B

$37.0m

Series C

N/A

Growth Equity VC

N/A

Merger

$120m

Debt

N/A

Late VC

$105m

Debt
N/A

N/A

Debt

$25.0m

Late VC

$50.0m

Growth Equity VC
N/A

N/A

IPO
*

$58.0m

Acquisition
*

$130m

Post IPO Debt
Total FundingCAD192m

Recent News about Spruce Power

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More about Spruce Powerinfo icon
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Spruce Power is a leading private owner and operator of residential distributed energy resources in North America. The company focuses on providing clean energy solutions to homeowners, helping them take control of their power needs with affordable and reliable products. Spruce operates in the residential solar market and serves homeowners looking for sustainable energy options. The business model revolves around offering flexible energy solutions, including battery bundles, system expansions, and extended service agreements. Spruce generates revenue by selling these products and services directly to homeowners and through partnerships with other energy providers. The company is committed to creating a cleaner and more sustainable future by innovating easy access to sustainable energy.

Keywords: residential energy, distributed energy resources, solar market, clean energy, battery solutions, system expansion, service agreements, sustainability, homeowners, North America.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Spruce Power

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Kilowatt Financial
ACQUISITION by Spruce Power Dec 2015
Clean Power Finance
ACQUISITION by Spruce Power Dec 2015