Sequoia Leads $55 Million Round for SunRun

SunRun, a San Francisco-based provider of residential solar electricity, has raised $55 million in Series C funding. Sequoia Capital led the round, and was joined by return backers Accel Partners and Foundation Capital. The company previously raised $30 million in VC funding. It also secured a tax equity commitment from a subsidiary of U.S. Bancorp that is part of the financing needed to develop $90 million in residential solar installations in 2010.

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