Black Coral Capital backed OneRoof Energy, a residential solar-panel leasing company, has raised $2.5m in equity, convertible promissory notes and warrants, according to a filing. Black Coral Capital has invested $53m in the company, according to an April VentureWire article.
Investment and advisory firm Alternegy Holdings LLC is represented on the firm’s board.
Black Coral invested $3m in Oneroof in April this year. The company is also backed by by Hanwha International, part of the South Korea-based Hanwha group. OneRoof Energy raised $50m from Black Coral, Hanwha International, and a U.S. Bancorp subsidiary in September last year.