Banyan Secures $8.2M Sequence A to Drive Funding Into Sustainable Infrastructure

Banyan, an funding facilitator for sustainable infrastructure headquartered in San Francisco, has confirmed a USD $8.2m Sequence A spherical led by VoLo Earth Ventures with a number of notable enterprise capital companies becoming a member of the spherical. The sizable funding spherical, which values the corporate at USD $47m, will allow Banyan to additional scale its go-to market engine, in addition to enhancing the help it’s capable of supply to present prospects.

Simply 18 months since its preliminary product launch, Banyan’s Sequence A spherical reaffirms the appreciable trade curiosity at present surrounding the modern platform. Led by VoLo Earth Ventures, with extra funding from Ulu Ventures, Vista Verde Capital, Nomadic Enterprise Companions and Industrious Ventures, the spherical places Banyan within the good place to realize its purpose of digitizing and onboarding sustainable infrastructure investments and loans with greater velocity, standardization, and transparency.

Regardless of the advances in availability of asset and monetary information, investing in sustainable infrastructure stays a largely guide and inefficient set of processes relying closely on spreadsheets and disconnected techniques. Banyan’s platform tackles this concern head-on. By offering dynamic on-line checklists and scorecards, approval-based workflow automation, APIs to present information sources, a centralized information vault to enhance present digital information rooms, and a self-service shopper portal, the corporate supplies a platform purpose-built for mission finance and sustainable infrastructure groups.

Since its inception, Banyan has helped to deploy and handle over USD $1bn of capital in the direction of sustainable infrastructure developments. Nevertheless, set towards the backdrop of rising local weather considerations, in addition to a extra concerted world effort by main establishments and nation states to handle environmental challenges, the demand for such initiatives continues to rise. Due to its Sequence A increase, Banyan may also help its prospects meet this rising demand quicker and extra successfully by simplifying and optimizing the mechanisms wanted to finance the change to low carbon infrastructure. In assembly this demand, Banyan brings actual expertise to bear and helps to deal with the price of capital, while nonetheless accelerating the deployment of crucial sustainable infrastructure globally.

Talking on the increase, Will Greene, Founder and CEO at Banyan commented: “The face of infrastructure initiatives is altering. Whereas the period of megaprojects is much from over, developments are typically changing into smaller and cheaper. Nevertheless, the price and complexity of lending or investing has hardly modified. In response, infrastructure corporations are more and more fascinated by options to assist handle rising pipelines and portfolios and benefit from this market alternative.

“Fortunately, by automating contractual compliance and synthesizing key insights, Banyan presents the best system for addressing this problem. Now, with our Sequence A increase, we’re capable of take this providing to the following stage. Greater than ever, prospects can depend on our answer to proactively mitigate dangers by offering larger transparency throughout all counterparties. In brief, our tech-first platform helps to offer loans and investments originated at the next velocity, serviced at a decrease value, and syndicated with larger liquidity.”

Alongside the increase, Kareem Dabbagh, Co-Founder and Managing Companion at VoLo Earth Ventures will be part of Banyan’s Board of Administrators. Kareem is a photo voltaic trade veteran, with appreciable expertise pursuing tender value reductions on sustainable infrastructure initiatives by prioritizing innovation, high quality management, and course of enchancment. As such, he represents the best addition to the corporate’s rising worker ranks, and can deliver a number of key expertise, that are integral to Banyan’s core enterprise mission.

Talking on his involvement within the increase, alongside his appointment to the corporate’s board, Kareem informed us: “Banyan is an thrilling enterprise that’s serving to to reshape the world of sustainable infrastructure. By working with direct lenders, banks and mission house owners, the corporate can ship a service that’s lengthy overdue, with a price proposition to save lots of shoppers cash and supply actionable insights into sustainable property. What’s extra, by providing this service by a SaaS distribution mannequin, Banyan helps to make its answer as accessible as doable, permitting it to profit the biggest variety of folks whereas accelerating deployment within the sector.”

Banyan Infrastructure is a software program platform for facilitating sustainable infrastructure investments, headquartered in San Francisco. Constructed by prior mission financiers in 2018, Banyan allows streamlined underwriting, danger administration, and in the end securitization of infrastructure investments at greater quantity and decrease value.

Since its inception, Banyan has helped to deploy and handle over USD $1bn of capital in the direction of developments together with photo voltaic, power effectivity, power storage, waste-to-value and extra. Backed by VoLo Earth Ventures, with extra funding from notable VCs, the enterprise has introduced an $8.2m Sequence A spherical which can facilitate important scaling and buyer help.

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