Arcadia Raises $200M in Series D

Arcadia has successfully raised $200M in a Series D at a $1B valuation led by Breakthrough Energy Ventures, Energy Impact Partners, Keyframe Capital, Prelude Ventures.

Company Overview

Arcadia is a Energy Tech company headquartered in 1350 I Street NW, Washington, DC 20005, founded in 2014 with 500+ employees.

Community solar platform

Fundraising Details

Amount Raised: $200M
Round Type: Series D
Valuation: $1B
Date: 2024-06-26
Investors: Breakthrough Energy Ventures, Energy Impact Partners, Keyframe Capital, Prelude Ventures

About Arcadia

Community solar platform The company is positioned in the Energy Tech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 1350 I Street NW, Washington, DC 20005
Founded: 2014
Team Size: 500+
Industry: Energy Tech

What This Means

This funding round demonstrates strong investor confidence in Arcadia'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 Energy Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Arcadia's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1B valuation marks an important milestone for Arcadia, positioning the company among notable players in the Energy Tech industry.

Looking Ahead

With this new capital, Arcadia is well-positioned to execute on its growth strategy and continue building innovative solutions in the Energy 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 2024-06-26. For more information about Arcadia, visit their headquarters at 1350 I Street NW, Washington, DC 20005.