Redaptive, a Denver, CO-based provider of Energy-as-a-Service solutions, announced an additional investment in its Series E funding round from long-term investor Linse Capital, bringing its total amount raised for this round to approximately $250 million.
With this latest investment, Redaptive will continue to support enterprise customers with data-driven energy generation and efficiency programs including HVAC, LED lighting, solar, EV, and Data Solutions, and other utility upgrades that can be deployed at large sites or across distributed real estate portfolios.
Redaptive's solutions are designed to help enterprise customers overcome the financial and logistical barriers to investing in energy efficiency and sustainability. By funding the upfront costs, providing turnkey implementation of projects, and measuring the results through smart metering, Redaptive is the “easy button” for organizations looking to achieve net zero.
“We highly value our longstanding partnership with Michael and the Linse Capital team who have been integral to our growth and success,” said Redaptive CEO Arvin Vohra. “This additional contribution further accelerates our ability to bring our solutions to more customers, making it possible for them to reduce their carbon footprints and achieve their sustainability goals.”
Company: Redaptive, Inc.
Raised: Undisclosed
Round: Series E
Funding Month: May 2023
Lead Investors: Linse Capital
Additional Investors:
Company Website: https://redaptive.com/
Software Category: Energy-as-a-Service Solutions
About the Company: Founded in 2015, Redaptive is an energy SaaS company that funds and installs energy-saving and energy-generating equipment. Redaptive’s programs help many of the world’s most sophisticated organizations reduce energy waste, optimize cost, lower carbon emissions, and meet their sustainability goals across their entire real estate portfolios. With Redaptive, customers can overcome capital and resource barriers to achieve energy-saving benefits quickly, all with continuous data powered by Redaptive’s proprietary metering technology. Redaptive is headquartered in Denver, Colorado.
Source: https://www.businesswire.com/news/home/20230503005162/en/Redaptive-Closes-Next-Phase-of-Series-E-Funding-Round-with-Further-Investment-from-Linse-Capital