# BlocPower Public Benefit Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blocpower-public-benefit

- Industry: Renewable Energy
- Headquarters: Brooklyn, US
- Website: www.blocpower.io
- Total disclosed funding: $32M
- Latest round: Series B (Dec 21, 2022)
- Investors on record: 17

## About

BlocPower Public Benefit Corporation, based in the US, specializes in delivering decarbonization and energy efficiency solutions for buildings, helping clients reduce carbon footprints and comply with regulations.BlocPower Public Benefit Corporation is focused on building decarbonization and energy efficiency. Founded in 2014 in Brooklyn, US, the company has undergone a steady growth trajectory and has executed 12 deals to date. Donnel Baird, the CEO and founder, leads the company. BlocPower raised USD 24.39 mn across funding rounds, with the most recent deal occurring on August 29, 2023, when they secured USD 1.2 mn in GRANT funding from the Massachusetts Clean Energy Center.BlocPower specializes in building decarbonization and energy efficiency solutions tailored for a diverse clientele, including developers, building owners, and community stakeholders. The company's core offerings focus on expert construction management and inclusive financing, aimed at transforming commercial and residential buildings into energy-efficient structures. Through the implementation of over 1,200 measures across more than 1,100 buildings, BlocPower addresses critical issues such as reducing carbon emissions and enhancing energy efficiency. The company’s services cater directly to building owners seeking compliance with new regulations, while also fostering local pride and economic opportunity.BlocPower generates revenue through project-based contracts and financing partnerships that facilitate energy-efficient upgrades. The revenue model is centered on B2B transactions, collaborating with building owners and developers for energy retrofits and infrastructure improvements. Transactions are structured through tailored financing options, making sustainability initiatives accessible to clients. Specific pricing plans depend on project scope, with flexible terms that align with clients' financial capabilities, positioning BlocPower as a vital partner in the transition towards greener buildings.In August 2023, BlocPower Public Benefit Corporation raised USD 1.2 mn in GRANT funding from the Massachusetts Clean Energy Center. The company plans to utilize this funding to bolster its workforce development program. BlocPower aims to expand its market presence and enhance its product offerings, though specific details on new products and target markets have not been disclosed.

## Funding rounds

- Series B, Dec 21, 2022, $24M — Kapor Capital, Credit Suisse, New York Ventures, Gaingels, MCJ, VoLo Earth Ventures, Tale Venture Partners, Unreasonable Group, Builders Vision, Microsoft Climate Innovation Fund
- Series A, Feb 22, 2021, $8M — Schmidt Family Foundation, Kapor Capital, Salesforce Ventures, Elemental Impact, H/L Ventures, AccelR8, American Family Insurance Institute for Corporate and Social Impact
- Seed, Dec 15, 2018 — MaC Venture Capital

## Investors

- MaC Venture Capital (https://capitalatlas.ai/funds/mac-venture-capital) — Seed
- Schmidt Family Foundation — Series A
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Series A, Series B
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series A
- Elemental Impact (https://capitalatlas.ai/funds/elemental-impact) — Series A
- H/L Ventures (https://capitalatlas.ai/funds/h-l-ventures) — Series A
- AccelR8 (https://capitalatlas.ai/funds/accelr8) — Series A
- American Family Insurance Institute for Corporate and Social Impact (https://capitalatlas.ai/funds/american-family-insurance-institute-for-corporate-and-social) — Series A
- Credit Suisse (https://capitalatlas.ai/funds/credit-suisse) — Series B
- New York Ventures (https://capitalatlas.ai/funds/new-york-ventures) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- MCJ (https://capitalatlas.ai/funds/mcj) — Series B
- VoLo Earth Ventures (https://capitalatlas.ai/funds/volo-earth-ventures) — Series B
- Tale Venture Partners (https://capitalatlas.ai/funds/tale-venture-partners) — Series B
- Unreasonable Group — Series B
- Builders Vision — Series B
- Microsoft Climate Innovation Fund (https://capitalatlas.ai/funds/microsoft-climate-innovation-fund) — Series B