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

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