Deals
Coatue Leads $250 Million Funding for Solar Software Provider
- Aurora Solar valued at $2 billion in the funding round
- Electrification, fintech and software among Coatue’s focuses
Philippe Laffont
Photographer: Chris Goodney/Bloomberg
This article is for subscribers only.
Philippe Laffont’s Coatue Management led a $250 million funding round for software provider Aurora Solar in a bet on surging rooftop-panel installations.
The funding values Aurora, whose platform helps solar companies design and sell systems for homes and businesses, at about $2 billion, the San Francisco-based tech firm said. Other investors included Iconiq Capital, Energize Ventures and Fifth Wall, according to a statement.