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How Much Did Shine Solar Raise?
Funding & Key Investors

Shine Solar, a company that provided solar energy solutions to homeowners, has ceased operations. The company's total funding reached $1M, with its most recent funding round amounting to $1M in a major strategic investment on April 11, 2020. This funding was categorized as debt financing.

What is Shine Solar?

Shine Solar
ConstructionConstruction Management

Founded in 2016, Shine Solar LLC was dedicated to assisting homeowners in transitioning to renewable power and reducing energy costs. The company successfully served over 9,000 clients and employed hundreds of professionals. However, sustained high-interest rates and a decline in customer demand led to the company's closure after nearly a decade in business. Shine Solar was referring its customers to TiteEnergy LLC for ongoing solar service and support.

How much funding has Shine Solar raised?

Shine Solar has raised a total of $1M across 1 funding round:

2020

Debt

$1M

Debt (2020): $1M with participation from PPP

What's next for Shine Solar?

With Shine Solar's closure, the landscape for solar energy solutions in its service area will see a shift. The company's legacy includes its significant client base and its contribution to renewable energy adoption. Customers are being directed to TiteEnergy LLC for continued support, indicating a potential consolidation or transition within the local solar service market. The previous debt financing secured by Shine Solar in 2020 was part of its operational strategy during its active years.

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Frequently Asked Questions Regarding Shine Solar Financial Insights

What are the most recent funding rounds that Shine Solar has completed, and what were the funding rounds?
Shine Solar has recently completed 1 funding rounds: Debt on Apr 11, 2020. What is the total amount of funding Shine Solar has raised to date?
Shine Solar has raised a total of $1M in funding to date. How many funding rounds has Shine Solar completed?
Shine Solar has completed 1 funding rounds. How much funding did Shine Solar raise in its most recent funding round?
Shine Solar raised $1M in its most recent funding round. Who are the lead investors in Shine Solar's latest funding round?
The lead investor in Shine Solar's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo. Which was the largest funding round in Shine Solar's history?
The largest funding round in Shine Solar's history was $1M.
See more information about Shine Solar

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