The round was led by Ecosystem Integrity Fund (“EIF”), with participation from Okapi Capital, Howard Wenger, Mike Miskovsky, and other solar industry executives.

Pegasus CEO Kai Stephan said: “We are excited to expand our partnership with EIF and other investors who are enthusiastic about our mission to accelerate the adoption of rooftop solar.

“We continue to develop the market leading suite of products for residential solar and the funding will accelerate our growth.”

EIF partner James Everett said: “Pegasus is the leader in mounting hardware innovation, delivering greater ease of installation and lower costs to installers on most residential roof types.

“We believe the company will become the new standard in solar mounting products, and EIF is proud to be involved.”

EIF made its investment out of its EIF Fund III.

Source: Company Press Release