News Article

PosiGen raises $100m for expansion outside of Louisiana

Jan. 5, 2022 — PosiGen, the 10-year-old New Orleans company that specializes in marketing solar energy systems to lower-income households, has raised $100 million in new financing for expansion.

The company said Wednesday that Magnetar Capital, a $13.5 billion investment firm based in Evanston, Illinois, a suburb of Chicago, will lead the latest investment round, which will include PosiGen’s existing investors:¬†Emerson Collective, Irradiant Partners, Activate Capital, The Builders Fund, SJF Ventures and The Kresge Foundation.

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