CoPower, an online marketplace for clean energy investing, announced today that it raised a seed round.
The round, valued at $850,000, was led by Innovation Support and RBC.
CoPower facilitates investment into clean energy infrastructure projects. Since late 2014 the company has raised and deployed $1 million in project loans. The company says the financing will help accelerate the growth of CoPower’s team and technology platform, which will open to the public in early 2016.
“CoPower’s goal is to democratize impact investing and unlock capital for climate change solutions,” said David Berliner, founder and CEO of CoPower. “Our vision is that every Canadian should be able to own and invest in clean energy, and we’re thrilled to have assembled a group of shareholders who will help drive that vision forward.”
CoPower’s clean energy investment products are currently open to accredited investors.
“CoPower is building a marketplace for investments that deliver blended social and financial value,” said Sandra Odendahl, Director of Corporate Sustainability and Social Finance, RBC.
The company is a Certified B Corporation.