Banyan Infrastructure, a San Francisco, CA-based provider of a sustainable financing software platform, raised $25M in Series B funding.
The round, which brought the total amount to over $42M, was led by Energize Ventures, with participation from new investors SE Ventures and Elemental Excelerator, and existing investors VoLo Earth and Ulu Ventures. Juan Muldoon, partner at Energize, has joined Banyan’s board of directors.
The company intends to use the funds plans to more than double headcount and further develop the company’s proprietary software.
Led by CEO Will Greene, and Chief Operations Officer Amanda Li, Banyan Infrastructure provides a purpose-built project finance software designed to simplify, accelerate, and optimize the financing of sustainable infrastructure across the full life cycle. Built specifically for banks, investors and developers, the platform helps to replace spreadsheets, email, and pdfs with digitized loans and workflows, automating data aggregation and compliance tracking.
Founded in 2018, the company experienced 700% year-over-year growth over the past year, securing partnerships with customers in infrastructure lending, investing, and development, including SMBC and Standard Solar. Banyan recently announced its participation in Elemental Excelerator, a nonprofit with an innovative model for funding climate tech deployment.