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.