S
Spruce Power
An online B2B marketplace that connects the solar industry with financing opportunities
About Spruce Power
Spruce Power is a leading private owner and operator of residential distributed energy resources in North America. The company focuses on providing clean energy solutions to homeowners, helping them take control of their power needs with affordable and reliable products. Spruce operates in the residential solar market and serves homeowners looking for sustainable energy options. The business model revolves around offering flexible energy solutions, including battery bundles, system expansions, and extended service agreements. Spruce generates revenue by selling these products and services directly to homeowners and through partnerships with other energy providers. The company is committed to creating a cleaner and more sustainable future by innovating easy access to sustainable energy.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 2006
- Headquarters
- San Francisco, United States
- Listing
- IPO 2019
- Employees
- 59
- Open positions
- 10
- Dealroom signal
- 64.0/100
- Industry
- Energy
- Sub-industry
- Clean Energy
- Sector
- Energy, Solar Energy, Sustainable Development Goals, Climate Tech, Renewable Energy, Hard Tech
- Technology
- Hardware
- Business model
- Manufacturing
- Client focus
- b2c
- Investment activity
- 2 companies, latest Dec 2015
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| POST IPO DEBTDebt | Jul 2024 | $130M | — | Baring Asset Management | ↗ |
| ACQUISITIONOther financing | Sep 2022 | $58M | — | XL Hybrids | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 2026 | $112M | 0% | $68M | 60.8% |
| 2025 | $112M | +36.2% | $68M | 60.8% |
| 2024 | $82M | +2.8% | $28M | 33.9% |
| 2023 | $80M | +244.3% | $28M | 35.5% |
| 2022 | $23M | +48.7% | −$58M | -251.9% |
| 2021 | $16M | -23.3% | −$58M | -373.6% |
| 2020 | $20M | — | −$15M | -75.2% |
Growth signals
Latest recorded traffic for Spruce Power is 26K monthly website visits, up 52.9% over the last three months. Spruce Power's team grew 0% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Clean Power FinanceSan Francisco, United StatesB2B financial technology firm serving the US residential solar finance industry - we've merged with Kilowatt Financial to form Spruce! @SpruceFinance
$20Mvaluation
Kilowatt FinancialUnited StatesProvides solar and energy efficiency financing
→
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A4 investors entered at this stage
Claremont Creek Ventures (CCV)
Clean Pacific Ventures
Sand Hill Angels
Kleiner Perkins
Series B and later5 investors entered at this stage
SharesPost
Investec
Silicon Valley Bank
HPS Investment Partners
Baring Asset Management
Other known investors2 additional known investors
- Kilowatt Financial
XL Hybrids
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Spruce Power on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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