Sunrun Closes $150 Million Funding Round to Expand Rooftop Solar

Sunrun Inc., a closely held provider of rooftop systems, closed a $150 million equity round it will use to improve its technology in the fastest-growing segment of the U.S. solar industry.

A “leading public institutional investor” led the round by contributing $100 million, with the remainder coming from new and existing investors, San Francisco-based Sunrun said in a statement today. Andrew Pontti, a company spokesman, declined to name investors when reached by telephone.