How Much Did Arcadia Raise? Headquarters, Funding & Key Investors

Arcadia has raised a total of $566 million across multiple funding rounds, most recently securing $50 million in Series E funding and a $30 million debt facility from JPMorgan Chase in April 2024, at a $1.5 billion valuation. Founded in 2014, the Colorado-based clean energy company provides climate software, energy data, and community solar programs to decarbonize the electric grid. Supported by investors such as Macquarie Asset Management, J.P. Morgan Asset Management, and Magnetar Capital, Arcadia continues to scale its renewable energy innovations and expand AI-driven energy management solutions.

How Much Did Arcadia Raise? Funding & Key Investors

Arcadia has raised substantial capital across multiple funding rounds, most recently securing $50 million in April 2024, alongside a $30 million credit facility from JPMorgan Chase, at a $1.5 billion valuation. Founded in 2014, Arcadia focuses on clean energy solutions, providing climate software and data to decarbonize the electric grid and expand community solar access.

What Is Arcadia and What Does It Do?

Arcadia, founded in 2014 by Kiran Bhatraju and Ryan Nesbitt, is headquartered in Greenwood Village, Colorado. The company offers the Arc platform, which democratizes access to energy data from 125 utilities across the U.S. and manages the nation’s leading community solar program.

Arcadia provides solutions such as Utility Bill Management, Energy Procurement Advisory, and Sustainability Reporting, empowering enterprises and consumers to access renewable energy and reduce carbon footprints.

With a team of 201–500 employees, Arcadia continues to innovate in renewable energy technology, smart grids, and energy efficiency, while expanding the reach of its community solar program.

How Much Funding Has Arcadia Raised?

1. Series B

Amount Raised: $25M
Date: August 2018
Lead Investors: G2 Venture Partners
Motivation: To expand their community solar program and enhance their energy data platform.

2. Series C

Amount Raised: $30M
Date: December 2019
Lead Investors: G2 Venture Partners
Motivation: To scale operations and further develop clean energy solutions.

3. Series D

Amount Raised: $100M
Date: September 2021
Lead Investors: The Drawdown Fund, Tiger Global Management
Motivation: To accelerate the growth of their community solar program and expand market reach.

4. Series E

Amount Raised: $200M
Date: May 2022
Lead Investors: J.P. Morgan Asset Management
Motivation: To enhance product offerings and support the expansion of clean energy initiatives.

5. Venture Round

Amount Raised: $125M
Date: December 2022
Lead Investors: Magnetar Capital
Motivation: To drive product innovation and expand their community solar program.

6. Series E

Amount Raised: $50M
Date: April 2024
Lead Investors: Macquarie Asset Management
Motivation: To accelerate product innovation and fuel continued growth.

7. Debt Financing

Amount Raised: $30M
Date: April 2024
Lead Investors: JP Morgan Chase
Motivation: To provide additional financing flexibility at a lower cost of capital.

Total Funding Raised: $566 Million

Current Valuation: $1.5 Billion (as of May 2022)

Latest Funding Date: April 2024

Key Investors

1. Macquarie Asset Management

Details: Global asset manager providing investment solutions worldwide; board representation in Arcadia.
Investment Focus Areas: Infrastructure, tangible assets, and private equity.
Notable Investments: Nexamp, Luz Saúde, Waddell & Reed Financial..

2. JP Morgan Chase

Details: Leading global financial services firm providing banking, asset management, and investment solutions.
Investment Focus Areas: Broad financial services, including investment banking, asset management, and private equity.
Notable Investments: C6 Bank, Canva, InstaMed, WePay..

3. Magnetar Capital

Details: Alternative asset manager specializing in hedge fund strategies; participated in Arcadia’s venture round.
Investment Focus Areas: Hedge fund strategies, event-driven, fixed income, energy.
Notable Investments: CoreWeave, Cohere, TensorWave, First Citizen..

4. J.P. Morgan Asset Management

Details: Division of JPMorgan Chase providing investment management solutions.
Investment Focus Areas: Equities, fixed income, alternatives.
Notable Investments: Canva, Nourish, Dynasty Financial Partners..

Where Is Arcadia’s Headquarters?

Arcadia is headquartered in Greenwood Village, Colorado, providing access to a skilled workforce, a growing cleantech ecosystem, and proximity to strategic partners and enterprise clients in the renewable energy sector.

What’s Next for Arcadia?

Arcadia aims to expand its community solar program and integrate AI to unlock new energy data use cases. With fresh funding and additional credit facilities, the company is poised to meet rising demand from enterprise customers and community solar developer partners. Expanding solutions like battery storage, heat pumps, and EV charging further enhances Arcadia’s footprint in the renewable energy market.

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