Running Tide
Running Tide Raises $44M in Series Unknown
Quick Facts
Running Tide Raises $44M in Series Unknown
Running Tide has successfully raised $44M in a Series Unknown at a $150M valuation led by Lowercarbon Capital, True Ventures, Shopify, Union Square Ventures.
Company Overview
Running Tide is a Climate Tech company headquartered in 91 Hanover Street, Portland, ME 04101, founded in 2017 with 80+ employees.
Ocean-based carbon removal
Fundraising Details
- Amount Raised: $44M
- Round Type: Series Unknown
- Valuation: $150M
- Date: 2024-03-27
- Investors: Lowercarbon Capital, True Ventures, Shopify, Union Square Ventures
About Running Tide
Ocean-based carbon removal The company is positioned in the Climate Tech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 91 Hanover Street, Portland, ME 04101
- Founded: 2017
- Team Size: 80+
- Industry: Climate Tech
What This Means
This funding round demonstrates strong investor confidence in Running Tide's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Climate Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Running Tide's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $150M valuation marks an important milestone for Running Tide, positioning the company among notable players in the Climate Tech industry.
Looking Ahead
With this new capital, Running Tide is well-positioned to execute on its growth strategy and continue building innovative solutions in the Climate Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-03-27. For more information about Running Tide, visit their headquarters at 91 Hanover Street, Portland, ME 04101.
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