Sun Exchange looking to raise $3m in round led by US digital asset investment fund Alphabit - Ventureburn

Sun Exchange looking to raise $3m in round led by US digital asset investment fund Alphabit - Ventureburn
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  • Blockchain-based solar micro-leasing marketplace Sun Exchange is looking to raise $3-million in equity funding in a round led by the startup's largest investor, US-based cryptocurrency and digital asset investment fund Alphabit.
  • Responding to Ventureburn questions last Friday (12 April), Sun Exchange founder and CEO Abe Cambridge (pictured above) said $750 000 had already been committed in the round.
  • The project saw Sun Exchange sell 7 344 solar cells in a crowdsale in which 112 people from 20 countries spent a total R609 552 on 34 kilowatts of solar cells.
  • In addition, the startup also wants to partner with an additional equity investment partner that will bring both operating capital as well access to solar projects.
  • Read more: Solar startup The Sun Exchange uses Bitcoin to fund green energy


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