Retail Energy Shopping Service, Clean Energy Provider Raises $200 Million, Led By J.P. Morgan’s Sustainable Growth Equity Team

May 11, 2022

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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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Arcadia, which owns Real Simple Energy and offers various other clean energy services, announced the raise of a $200 million funding round.

The round was led by an inaugural investment from J.P. Morgan Asset Management’s Sustainable Growth Equity Team.

"The financing will help accelerate the impact of Arcadia’s data and API platform, Arc, by expanding data coverage and new product development to empower companies to monitor, report, and act on their carbon impact," Arcadia said

The fundraising will allow Arcadia to, "invest in broadening data coverage to include commercial utility data and expanding Arc to new use cases, including assisting companies in achieving their sustainability goals," the company said

The financing round features a series of new investors, including J.P. Morgan’s recently launched Sustainable Growth Equity Team, with participation from additional new partners Keyframe Capital, Broadscale Group, and Triangle Peak Partners, and existing partners Camber Creek, Tiger Global Management, Wellington Management, Salesforce Ventures, Drawdown Fund, MCJ Collective, and more.

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