# Arcadia Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arcadia-power

- Industry: Renewable Energy
- Headquarters: Washington, US
- Website: www.arcadiapower.com
- Total disclosed funding: $305M
- Latest round: Series E (May 5, 2022)
- Investors on record: 23

## About

Established in 2014 and based in Washington, US, Arcadia Power, Inc. provides customers with clean and solar energy for houses, apartments, and businesses. The company was founded by Kiran Bhatraju (CEO), and in September 2021, Arcadia Power received USD 100 million in series D funding led by Tiger Global Management and the Drawdown Fund with participation from other new investors. As of March 2021, Arcadia integrates with 125 utilities in 50 states and manages 4.5 terawatt-hours of residential energy demand.

The company provides a monthly membership service that connects renters and homeowners in the United States to wind and solar energy. It offers digital infrastructure solutions that provide a mobile-optimized online dashboard that allows users to manage their accounts, track their account activity, and view their energy usage. The company's platform also allows users to control their energy usage, how much it costs, and how they pay.
 
Arcadia Power, Inc. will use the September 2021 funding to accelerate its technology roadmap, expanding product capabilities across new verticals including electric vehicles and distributed energy resources.

## Funding rounds

- Series E, May 5, 2022, $154M — Wellington Management, JP Morgan Asset Management, Tiger Global Management, Triangle Peak Partners, Alumni Ventures Group, Salesforce Ventures, Camber Creek, Keyframe Capital Partners, Broadscale Group, MCJ, Drawdown Fund
- Series D, Aug 24, 2021, $96M — Wellington Management, Tiger Global Management, BoxGroup, Alumni Ventures Group, Camber Creek, Energy Impact Partners, Qstar Capital, G2 Venture Partners, Inclusive Capital, MCJ, Drawdown Fund
- Series C, Oct 25, 2019, $28M — Mitsui & Co. USA, ValueAct Capital, BoxGroup, Green Investment Group, Energy Impact Partners, G2 Venture Partners, Seek Ventures
- Series B, Jul 16, 2018, $21M — ValueAct Capital, McKnight Foundation, Cendana Capital, BoxGroup, Wonder Ventures, Energy Impact Partners, G2 Venture Partners
- Series A, Apr 17, 2017, $6M — BoxGroup, Wonder Ventures, Energy Impact Partners

## Investors

- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Series A, Series B, Series C, Series D
- Wonder Ventures (https://capitalatlas.ai/funds/wonder-ventures) — Series A, Series B
- Energy Impact Partners (https://capitalatlas.ai/funds/energy-impact-partners) — Series A, Series B, Series C, Series D
- ValueAct Capital (https://capitalatlas.ai/funds/valueact-capital) — Series B, Series C
- McKnight Foundation — Series B
- Cendana Capital (https://capitalatlas.ai/funds/cendana-capital) — Series B
- G2 Venture Partners (https://capitalatlas.ai/funds/g2-venture-partners) — Series B, Series C, Series D
- Mitsui & Co. USA — Series C
- Green Investment Group — Series C
- Seek Ventures (https://capitalatlas.ai/funds/seek-ventures) — Series C
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series D, Series E
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series D, Series E
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series D, Series E
- Camber Creek (https://capitalatlas.ai/funds/camber-creek) — Series D, Series E
- Qstar Capital (https://capitalatlas.ai/funds/qstar-capital) — Series D
- Inclusive Capital — Series D
- MCJ (https://capitalatlas.ai/funds/mcj) — Series D, Series E
- Drawdown Fund (https://capitalatlas.ai/funds/drawdown-fund) — Series D, Series E
- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series E
- Triangle Peak Partners (https://capitalatlas.ai/funds/triangle-peak-partners) — Series E
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series E
- Keyframe Capital Partners — Series E
- Broadscale Group (https://capitalatlas.ai/funds/broadscale-group) — Series E