Arcadia, the operator of a clean energy-sourcing platform for domestic use, boosted its overall equity funding to more than $62m in a Mitsui USA-backed round.
Arcadia, the US-based operator of a renewable energy billing and management platform, completed a $30m series C round yesterday that included Mitsui USA, part of diversified conglomerate Mitsui.
Venture capital firm G2VP led the round, which also featured investment and banking firm Macquarie Group, Energy Impact Partners (EIP), ValueAct Spring Fund, Seek Ventures and BoxGroup.
Founded in 2014 and until now known as Arcadia Power, Arcadia operates an energy billing and management service that lets individuals and communities claim savings…