Altus Power secures convertible preferred shares funding from Foss & Company
What's the deal? Altus Power, a clean energy company, announced on June 2, 2026 that it has received new funding from Foss & CompanyDealroom has a profile for this one. Try Dealroom →, a returning investor. The deal involved the issuance of convertible preferred shares.
Why now? Foss & Company's return as an investor signals continued confidence in Altus Power's trajectory. The use of convertible preferred shares — which can later convert into common equity — suggests the company is raising capital while offering investors downside protection.
The signal: Altus Power sits at the late growth stage, according to Dealroom, and securing repeat backing from a corporate investor like Foss & Company through convertible preferred shares suggests the company is structuring its capital to bridge toward a broader financing event or further scale its clean energy portfolio. The return of an existing backer, rather than the entry of a new one, points to a maturing asset base that rewards familiarity over fresh due diligence.
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