Arcadia
Energy
Founded: 2014
Last Round Valuation: $1.5B
Arcadia, a technology firm founded in 2014 by Kiran Bhatraju, Kate Henningsen and Ryan Nesbitt, empowers energy innovators and consumers to combat the climate crisis. Through their software and APIs, Arcadia enables unprecedented data access and clean energy resources, facilitating the decarbonization of the grid. Based in Washington, DC, Arcadia plays a vital role in driving energy innovation.
Arcadia Overview:
Arcadia, founded in 2014, is a company that operates in the renewable energy sector. It is a technology platform that aims to make clean energy more accessible and affordable for residential and commercial customers. Arcadia Energy focuses on providing renewable energy solutions and services, primarily in the form of renewable energy credits (RECs) and community solar programs.
One of the key offerings of Arcadia is its Renewable Energy Certificate (REC) program. RECs represent the environmental and social benefits of generating electricity from renewable sources. Customers can purchase RECs through Arcadia to offset their electricity consumption with clean energy. This allows individuals and businesses to support renewable energy generation and reduce their carbon footprint, even if they cannot directly install renewable energy systems on their premises.
Arcadia also offers a community solar program, which enables customers to subscribe to a shared solar project in their area. By subscribing to community solar, individuals can benefit from solar energy without the need for installing solar panels on their own property. This approach allows for greater accessibility to renewable energy, particularly for those who may not have suitable rooftops or the financial means to invest in solar installations.
In addition to its core offerings, Arcadia provides an online platform that helps customers manage their energy usage and costs. The platform integrates with utility providers, allowing users to monitor their energy consumption, track their bill payments, and explore energy-saving tips. This data-driven approach helps customers make more informed decisions about their energy usage and identify opportunities for energy efficiency improvements.
Arcadia’s mission is to accelerate the transition to a clean energy future by providing simple and innovative solutions to consumers. By leveraging technology and partnerships with renewable energy projects, the company aims to empower individuals and businesses to support sustainable energy generation and reduce their environmental impact.
Founders:
Kate Henningsen
Kiran Bhatraju
Ryan Nesbitt
Top Investors:
BoxGroup
Broadscale Group
Camber Creek
Cendana Capital
Drawdown Fund
Energy Impact Partners
G2 Venture Partners
Inclusive Capital
J.P. Morgan
Keyframe Capital
MCJ Collective
Macquarie Group
McKnight Foundation
Mitsui USA
Reimagined Ventures
Salesforce Ventures
Seek Ventures
Tiger Global Management
Triangle Peak Partners
Undisclosed Investors
ValueAct Spring Fund
Wellington Management
Wonder Ventures
Funding History:
Date | Share Type | Amount Raised | Raised to Date | Issue Price | Post Money Valuation | Key Investors |
---|---|---|---|---|---|---|
May 2022 | Series E | $200MM | $395.66MM | $18.94 | $1.5B | J.P. Morgan, Keyframe Capital, Broadscale Group |
Sep 2021 | Series D | $103.62MM | $195.66MM | $10.16 | $676.03MM | Tiger Global Management, Drawdown Fund, Wellington Management |
Dec 2020 | Series C-1 | $20.92MM | $92.03MM | $5.66 | $316.21MM | Undisclosed Investors |
Dec 2019 | Series C | $29.92MM | $71.11MM | $5.02 | $254.06MM | G2 Venture Partners, Macquarie Group, Seek Ventures |
Aug 2018 | Series B | $31.33MM | $41.19MM | $2.51 | $123.04MM | G2 Venture Partners, ValueAct Spring Fund, McKnight Foundation |
Jun 2017 | Series A | $6MM | $9.86MM | $0.67 | $25.29MM | Energy Impact Partners, BoxGroup, Wonder Ventures |
Apr 2016 | Series Seed | $3.86MM | $3.86MM | $0.48 | $11.04MM | Undisclosed Investors |