Funding round
Arcadia Series A
Arcadia, which works in utility data platform development in Washington, raised $6.0M in a Series A round announced on 2 Jun 2017, led by Energy Impact Partners. 3 firms took part, 2 of them already investors. It is Arcadia's first venture round on record.
$6.0M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Arcadia did not disclose a valuation in this round. It is Arcadia's first venture round on record, 3 years after it was founded in 2014. It is 1.2% of the $486M Arcadia has raised in the venture rounds on record. Arcadia raised again 14 months later: a Series B round of $25M in Aug 2018. Its next priced round, a Growth in Dec 2022, valued it at $1.50B.
Arcadia's funding rounds
Arcadia has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Series A this round 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 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
Energy Impact Partners led the round with 2 other firms. BoxGroup and Wonder Ventures had backed Arcadia before.
Lead investor
- Energy Impact Partners backs 99 venture-backed companies new investor
Also in the round
- BoxGroup backs 175 venture-backed companies existing investor
- backs 22 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
641 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.0M, and this round was 86% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 27 Jun 2017 | $22M | not disclosed | Goldman Sachs Principal Strategic Investments |
| Tech Companies | 20 Jun 2017 | $15M | not disclosed | Soryn HLDR Vehicle II LLC |
| Tech Companies | 6 Jun 2017 | $13M | not disclosed | New Enterprise Associates |
| Tech Companies | 15 Jun 2017 | $12M | $47M | GrandBanks Capital and ServiceMaster |
| Tech Companies | 1 Jun 2017 | $12M | not disclosed | Dell Technologies Capital |
| Tech Companies | 20 Jun 2017 | $11M | not disclosed | Accel |
| Tech Companies | 23 Jun 2017 | $10M | not disclosed | Redline Capital |
| Tech Companies | 22 Jun 2017 | $10M | not disclosed | GE Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Arcadia raise in its Series A round?
Arcadia raised $6.0M in its Series A round, announced in Jun 2017.
Who led Arcadia's Series A round?
Energy Impact Partners led it, with BoxGroup and Wonder Ventures.
What was Arcadia's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
641 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.0M, and this round was 86% of the median.
Did Arcadia raise again after this round?
Yes: a Series B round in Aug 2018 of $25M.