4-15-2015 Press Release: GreenLancer Closes Series B round, $5 Million Capital Raise
Detroit-based solar design and permitting company GreenLancer just completed a capital raise of $5 Million to close their Series B Financing on April 1, 2015.
The investment came from a syndicate of new and existing investors, and will help fuel accelerated growth for the company.
Due to that growth and rapid expansion of the team, GreenLancer has expanded their offices to the tenth floor of the Ford Building in downtown Detroit, Michigan.
GreenLancer is excited to be a part of the fast growing business community in Detroit. The move seats the team in the epicenter of the bustling central business district of downtown Detroit. It also positions GreenLancer side by side with other Detroit based companies like Quicken Loans, General Motors, and countless others who know that downtown is where you want to be to attract the best talent.
GreenLancer is currently looking for experienced software developers to join the team.
“Downtown Detroit is transforming into an explosive high-tech corridor and technology has become the cornerstone of its revival. It’s very exciting to be part of today’s generation of innovators helping to rebuild the city and breathe in new life that has been missing for decades,” said EVP Michael Sharber.
The investment and expansion was needed to keep up with the growing demand for residential solar design services throughout the nation. Favorable policies and increasing electricity rates in markets such as New York, Massachusetts, Connecticut, Delaware, Maryland, Oregon, New Mexico are driving that demand.
“We strive to be the industry’s premier choice for residential solar system designs. As we continue gaining market share, we’re ramping up investments that revolve around technology improvement, our product, and customer experience,” said CEO Zac MacVoy.