Funding round
Arcadia Growth
Reported as "Growth Equity"
Arcadia, which works in utility data platform development in Washington, raised $200M in a Growth round announced on 10 May 2022, led by J.P. Morgan Asset Management’s Sustainable Growth Equity Team. 11 firms took part. It is Arcadia's fifth venture round on record; the one before was a Series D in Sep 2021.
$200M
Amount raised
Not disclosed
Post-money valuation
11
Investors
1 lead
Valuation
What this round says about the price
Arcadia did not disclose a valuation in this round. It came 8 months after Arcadia's Series D. It is 41% of the $486M Arcadia has raised in the venture rounds on record. Arcadia raised again 7 months later: a Growth round of $125M in Dec 2022, at $1.50B post-money.
Arcadia's funding rounds
Arcadia has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 2 Jun 2017, led by Energy Impact Partners $6.0M
- Series B 16 Aug 2018, led by G2 Venture Partners $25M
- Series C 10 Dec 2019, led by G2 Venture Partners $30M
- Series D 15 Sep 2021, led by Tiger Global and Drawdown Fund $100M
- Growth this round 10 May 2022, led by J.P. Morgan Asset Management’s Sustainable Growth Equity Team $200M
- Growth 16 Dec 2022, led by Magnetar Capital $125M$1.50B post-money
- Debt not a venture round 1 Apr 2024 $30M
Investors
Who put money in
J.P. Morgan Asset Management’s Sustainable Growth Equity Team led the round with 10 other firms.
Lead investor
- J.P. Morgan Asset Management’s Sustainable Growth Equity Team new investor
Also in the round
- backs 11 venture-backed companies new investor
- backs 8 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- backs 31 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies new investor
- Wellington Management new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- Drawdown Fund new investor
- backs 47 venture-backed companies new investor
- backs 2 venture-backed companies new investor
Comparable rounds
How it compares
416 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $55M, and this round was 3.6 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 17 May 2022 | $215M | not disclosed | Vista Equity Partners |
| Tech Companies | 17 May 2022 | $200M | not disclosed | Vertica Capital Partners |
| GreyOrange Tech Companies | 17 May 2022 | $110M | not disclosed | Mithril |
| Tech Companies | 16 May 2022 | $68M | $376M | not named |
| Tech Companies | 2 May 2022 | $60M | not disclosed | Lightsmith |
| Tech Companies | 19 May 2022 | $35M | not disclosed | Lateral Investment Management |
| Tech Companies | 25 May 2022 | $30M | not disclosed | Canadian Business Growth Fund and Export Development Canada |
| Tech Companies | 26 May 2022 | $30M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Arcadia raise in its Growth round?
Arcadia raised $200M in its Growth round, announced in May 2022.
Who led Arcadia's Growth round?
J.P. Morgan Asset Management’s Sustainable Growth Equity Team led it, with Keyframe, Broadscale, Triangle Peak Partners, Camber Creek and Tiger Global and 5 more.
What was Arcadia's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
416 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $55M, and this round was 3.6 times the median.
Did Arcadia raise again after this round?
Yes: a Growth round in Dec 2022 of $125M at $1.50B post-money.