Energy Tech Company Which Also Runs Retail Energy Shopping Site Raises $125 Million
December 16, 2022 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Arcadia, which owns Real Simple Energy in addition to offering energy data and community solar services, announced that it has raised $125 million in new funding led by Magnetar Capital, with existing investor Keyframe Capital participating.
Macquarie Asset Management's Green Investment Group also participated in the round.
Eric Scheyer, Partner and Head of Energy and Infrastructure at Magnetar, will join the Arcadia Board of Directors.
The growth capital will support the continued development of Arcadia's energy data platform, and accelerate its community solar business.