Banyan, a San Francisco-headquartered sustainable infrastructure investment facilitator, has confirmed an $8.2 million Series A funding round led by VoLo Earth Ventures with several notable venture capital firms joining round. The significant funding round, which values the company at $47 million, will allow Banyan to further develop its go-to-market engine, as well as improve the support it is able to offer customers existing.
Just 18 months after its initial product launch, Banyan’s Series A reaffirms the industry’s tremendous interest in the innovative platform. Led by VoLo Earth Ventures, with additional investments from Ulu Ventures, Vista Verde Capital, Nomadic Venture Partners and Industrious Ventures, the round puts Banyan in the perfect position to achieve its goal of digitizing and integrating investments and lending sustainable infrastructure with higher speed, standardization, and transparency.
Despite advances in the availability of asset and financial data, investing in sustainable infrastructure remains a largely manual and inefficient set of processes that rely heavily on spreadsheets and disconnected systems. Banyan’s platform tackles this problem head-on. By providing dynamic online checklists and dashboards, approval-based workflow automation, APIs to existing data sources, centralized data vault to complement virtual data rooms and a self-service customer portal, the company provides a purpose-built platform for project finance. and sustainable infrastructure teams.
Since its inception, Banyan has helped deploy and manage over $1 billion in capital for sustainable infrastructure development. However, in the context of growing climate concerns, as well as a more concerted global effort by major institutions and nation states to address environmental challenges, the demand for such projects continues to increase. Through its Series A augmentation, Banyan can help its clients respond more quickly and efficiently to this growing demand by simplifying and optimizing the mechanisms needed to finance the shift to low-carbon infrastructure. By meeting this demand, Banyan brings real technology and helps meet the cost of capital, while accelerating the deployment of the sustainable infrastructure needed globally.
Speaking on the increase, Will Greene, Founder and CEO of Banyan, said: “The face of infrastructure projects is changing. While the era of megaprojects is far from over, developments are generally getting smaller and cheaper. However, the cost and complexity of lending or investing has not changed much. In response, infrastructure companies are increasingly interested in solutions to help manage growing pipelines and portfolios and take advantage of this market opportunity.
“Fortunately, by automating contractual compliance and summarizing key information, Banyan offers the perfect system to meet this challenge. Now, with our Series A boost, we are able to take this offer to the next level. More than ever, clients can rely on our solution to proactively mitigate risk by providing greater transparency between all counterparties. In short, our technology-first platform helps deliver loans and investments issued at higher speed, served at lower cost, and syndicated with greater liquidity.
Along with this increase, Kareem Dabbagh, co-founder and managing partner of VoLo Earth Ventures, will join Banyan’s board of directors. Kareem is a solar industry veteran, with considerable experience in pursuing soft cost reductions on sustainable infrastructure projects by prioritizing innovation, quality control and process improvement . As such, he is the ideal complement to the company’s growing ranks of employees and will bring several key skills, which are integral to Banyan’s core business mission.
Speaking about his involvement in the augmentation, alongside his appointment to the company’s board of directors, Kareem told us: “Banyan is an exciting company that is helping to reshape the world of sustainable infrastructure. By working with direct lenders, banks and project owners, the company can deliver a long overdue service with a value proposition to save customers money and provide actionable insights into sustainable assets. In addition, by offering this service through a SaaS distribution model, Banyan helps make its solution as accessible as possible, allowing it to benefit as many people as possible while accelerating deployment in the sector.
Banyan Infrastructure is a software platform to facilitate investments in sustainable infrastructure, headquartered in San Francisco. Built by financiers from previous projects in 2018, Banyan enables simplified underwriting, risk management and ultimately securing infrastructure investments at higher volume and lower cost.
Since its inception, Banyan has helped deploy and manage over $1 billion in capital for developments such as solar power, energy efficiency, energy storage, waste recovery, and more. Backed by VoLo Earth Ventures, with additional investments from notable venture capital firms, the company announced an $8.2 million Series A funding round that will facilitate significant scale and customer support .
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