Arcadia powers up $100m series D

Sep 16, 2021 •

Mitsui USA-backed Arcadia is aiming to drive growth with series D funding co-led by Tiger Global and Drawdown Fund.

Arcadia, a US-based renewable energy account management platform backed by conglomerate Mitsui’s Mitsui USA arm, has raised $100m in a series D round co-led by investment firm Tiger Global and growth equity vehicle Drawdown Fund.

The round was also backed by Wellington Management, Reimagined Ventures, Camber Creek, MCJ Collective, Energy Impact Partners (EIP), G2 Venture Partners (G2VP), Inclusive Capital and BoxGroup.

Arcadia was founded in 2014 and has developed an online energy billing and management platform that can connect consumers…

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