Arcadia was founded in 2014 by Kiran Bhatraju and Ryan Nesbitt. In May 2022, Axios reported that Bhatraju said that a $200 million Series E funding round could be some of the company's last private fundraising before an IPO.
Arcadia is a climate technology company that collects energy-use data from smart meters so alternative energy companies can more effectively sell their utilities. Arcadia's flagship Arc platform allows companies to leverage their data to develop their own energy solutions. The company has raised more than $500 million in venture capital funding from investors such as Magnetar Capital, Keyframe Capital, Camber Creek, Tiger Global, and Wellington Management. The $200 million raise in 2022 increased Arcadia's valuation to $1.45 billion.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
04/11/2024 | Series NV E-1 | $3.5MM | $xx.xx | $1.64B | Boxgroup, Broadscale Group, Camber Creek, Energy Impact Partners, G2 Venture Partners, J.P. Morgan, Macquarie Asset Management, Triangle Peak Partners | |
Price per Share
$xx.xx
Shares Outstanding
184,757
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Broadscale Group, Camber Creek, Energy Impact Partners, G2 Venture Partners, J.P. Morgan, Macquarie Asset Management, Triangle Peak Partners
|
||||||
04/11/2024 | Series E-1 | $49.1MM | $xx.xx | $1.64B | Boxgroup, Broadscale Group, Camber Creek, Energy Impact Partners, G2 Venture Partners, J.P. Morgan, Macquarie Asset Management, Triangle Peak Partners | |
Price per Share
$xx.xx
Shares Outstanding
2,592,140
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Broadscale Group, Camber Creek, Energy Impact Partners, G2 Venture Partners, J.P. Morgan, Macquarie Asset Management, Triangle Peak Partners
|
||||||
05/10/2022 | Series E | $200MM | $xx.xx | $1.5B | Broadscale Group, Camber Creek, Drawdown Fund, J.P. Morgan, Keyframe Capital, Mcj Collective, Salesforce Ventures, Tiger Global Management, Triangle Peak Partners, Wellington Management | |
Price per Share
$xx.xx
Shares Outstanding
10,557,544
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Broadscale Group, Camber Creek, Drawdown Fund, J.P. Morgan, Keyframe Capital, Mcj Collective, Salesforce Ventures, Tiger Global Management, Triangle Peak Partners, Wellington Management
|
||||||
09/15/2021 | Series D | $103.62MM | $xx.xx | $676.03MM | Boxgroup, Camber Creek, Drawdown Fund, Energy Impact Partners, G2 Venture Partners, Inclusive Capital, Mcj Collective, Reimagined Ventures, Tiger Global Management, Wellington Management | |
Price per Share
$xx.xx
Shares Outstanding
10,200,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Camber Creek, Drawdown Fund, Energy Impact Partners, G2 Venture Partners, Inclusive Capital, Mcj Collective, Reimagined Ventures, Tiger Global Management, Wellington Management
|
||||||
12/01/2020 | Series C-1 | $20.92MM | $xx.xx | $316.21MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
3,695,737
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/10/2019 | Series C | $29.92MM | $xx.xx | $254.06MM | Boxgroup, Energy Impact Partners, G2 Venture Partners, Macquarie Group, Mitsui Usa, Seek Ventures, Valueact Spring Fund | |
Price per Share
$xx.xx
Shares Outstanding
5,954,954
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Energy Impact Partners, G2 Venture Partners, Macquarie Group, Mitsui Usa, Seek Ventures, Valueact Spring Fund
|
||||||
08/16/2018 | Series B | $31.33MM | $xx.xx | $123.04MM | Boxgroup, Cendana Capital, Energy Impact Partners, G2 Venture Partners, Mcknight Foundation, Valueact Spring Fund, Wonder Ventures | |
Price per Share
$xx.xx
Shares Outstanding
12,493,954
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Cendana Capital, Energy Impact Partners, G2 Venture Partners, Mcknight Foundation, Valueact Spring Fund, Wonder Ventures
|
||||||
06/02/2017 | Series A | $6MM | $xx.xx | $25.29MM | Boxgroup, Energy Impact Partners, Wonder Ventures | |
Price per Share
$xx.xx
Shares Outstanding
8,935,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Energy Impact Partners, Wonder Ventures
|
||||||
04/28/2016 | Series Seed | $3.86MM | $xx.xx | $11.04MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
8,014,824
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|