Arcadia Raises $125 Million at a $1.5 Billion Valuation

Arcadia is a climate software and data company that enables zero carbon economy. The company has an idea, that everyone deserves clean energy. To allow any company to act on its environmental data, the Arcadia platform combines APIs and easy-to-use data, unlocking high-fidelity, global energy data for the first time.

The funding round was led by Magnetar Capital with the participation of Keyframe Capital, an existing investor. Eric Scheyer, Partner and Head of Energy and Infrastructure at Magnetar, will join the Arcadia Board of Directors. Also, Macquarie Asset Management’s Green Investment Group took part in the recent round. The funding raised will help Arcadia to support the growth of its platform, Arc.

Arcadia, Washington, USA, was founded by Kiran Bhatraju and Ryan Nesbitt in 2014. As of now, Arcadia helps over 300 new energy companies to personalize energy products such as optimization of EV charging schedules, creation of auditable carbon accounting reports, and creation of rooftop solar and storage offerings. “Our customers are driving residential and commercial decarbonization through personalized energy solutions that couldn’t exist without easy access to utility data, tariffs, and payments,” Kiran Bhatraju, founder and CEO of Arcadia.

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