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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

Philippe Laffont

Photographer: Chris Goodney/Bloomberg 

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.