# LevelTen Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/levelten-energy

- Industry: Software
- Headquarters: Seattle, US
- Website: www.leveltenenergy.com
- Total disclosed funding: $124M
- Latest round: Series D (Jul 3, 2024)
- Investors on record: 20

## About

LevelTen Energy, Inc., based in the US, operates an innovative platform that streamlines the procurement of renewable energy solutions, connecting corporate buyers and energy developers across North America and Europe.Founded in 2016 and headquartered in Seattle, US, LevelTen Energy, Inc. focuses on facilitating the transition to a carbon-free energy economy. The company has successfully completed 9 deals, with the most recent deal on July 16, 2024. LevelTen raised USD 61.139 mn in a Series D funding round led by B Capital Group and supported by investors including Google Inc. and Microsoft Climate Innovation Fund. The current company valuation stands at USD 231.651 mn. The company is led by founder and CEO Bryce Smith, who previously founded other companies in the energy sector.LevelTen Energy specializes in facilitating the transition to a carbon-free energy economy through an advanced platform that allows users to compare and procure renewable energy offerings across North America and Europe. Their core offerings include a comprehensive marketplace for energy procurement, which enables businesses to access thousands of renewable energy contracts from various power producers. This platform addresses critical use cases by streamlining the process of sourcing clean energy, thereby assisting organizations in achieving their sustainability targets efficiently. LevelTen serves a diverse clientele, including corporate buyers, energy developers, and investors looking to capitalize on renewable energy assets. The company’s services are specifically tailored for markets in North America and Europe, positioning them as a pivotal player in the global clean energy sector.LevelTen Energy generates revenue through a structured model that includes subscription-based access to its marketplace and transactional fees associated with energy procurement services. Clients typically engage with LevelTen through B2B transactions, where they gain access to detailed energy offerings and market insights that facilitate informed decision-making. The pricing structure includes various tiers based on the level of service and access required, catering to both small enterprises and large corporations. Larger clients may opt for comprehensive subscription packages that include advanced analytics and ongoing support, while smaller businesses might utilize pay-as-you-go options for energy contract evaluations. The company's transactional framework effectively connects energy producers with buyers, ensuring both parties benefit from optimized energy procurement processes.In July 2024, LevelTen Energy, Inc. raised an undisclosed amount of venture debt funding as part of a larger USD 65 mn Series D financing. The company plans to utilize this funding to support its platform’s growth and expansion into new markets. LevelTen Energy is targeting further expansion into additional geographic regions within Europe and aims to launch new products designed to enhance their marketplace offerings by the end of 2025.

## Funding rounds

- Series D, Jul 3, 2024, $61M — NGP, Aster Capital, Constellation Energy Group, Google Inc., Ice.com, Prelude Ventures, B Capital, Zoma Capital, Microsoft Climate Innovation Fund
- Series C, Aug 11, 2021, $35M — NGP, TotalEnergies, Prelude Ventures, Google Inc., Founders' Co-op, Techstars, Constellation Technology Ventures, Wireframe Ventures, Avista Development, MCJ, Equinor Ventures
- Series B, Jun 3, 2019, $21M — Founders' Co-op, Constellation Technology Ventures, Prelude Ventures, E8 Angels, Total Ventures, Wireframe Ventures, Avista Development, Techstart Ventures, Equinor Ventures
- Series A, Oct 16, 2017, $6.8M — Founders' Co-op, Techstars, Prelude Ventures, E8 Angels, Wireframe Ventures, Avista Development
- Seed, Dec 1, 2016, $1M — Founders' Co-op, E8 Angels

## Investors

- Founders' Co-op (https://capitalatlas.ai/funds/founders-co-op) — Seed, Series A, Series B, Series C
- E8 Angels — Seed, Series A, Series B
- Techstars (https://capitalatlas.ai/funds/techstars) — Series A, Series C
- Prelude Ventures — Series A, Series B, Series C, Series D
- Wireframe Ventures (https://capitalatlas.ai/funds/wireframe-ventures) — Series A, Series B, Series C
- Avista Development — Series A, Series B, Series C
- Constellation Technology Ventures (https://capitalatlas.ai/funds/constellation-technology-ventures) — Series B, Series C
- Total Ventures (https://capitalatlas.ai/funds/total-ventures) — Series B
- Techstart Ventures (https://capitalatlas.ai/funds/techstart-ventures) — Series B
- Equinor Ventures — Series B, Series C
- NGP (https://capitalatlas.ai/funds/ngp) — Series C, Series D
- TotalEnergies — Series C
- Google Inc. — Series C, Series D
- MCJ (https://capitalatlas.ai/funds/mcj) — Series C
- Aster Capital (https://capitalatlas.ai/funds/aster-capital) — Series D
- Constellation Energy Group — Series D
- Ice.com — Series D
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series D
- Zoma Capital — Series D
- Microsoft Climate Innovation Fund (https://capitalatlas.ai/funds/microsoft-climate-innovation-fund) — Series D