Arcadia’s $200 Million Funding Round

Cooley advised Arcadia on the deal.

Arcadia, a technology company empowering energy innovators to fight the climate crisis, announced its $200 million funding round, which values the startup at roughly $1.5 billion.

The financing round was led by JP Morgan Asset Management’s sustainable growth equity team. The funding will help accelerate the impact of Arc – Arcadia’s data and application programming interface platform – by expanding data coverage and new product development to empower companies to monitor, report, and act on their carbon impact.

Founded in 2014, Arcadia is creating unprecedented access to energy data and renewable energy sources through Arc and the company’s community solar program. Arc fuels the renewable energy revolution by democratizing access to energy data from 125 utilities nationwide, covering more than 80% of US electric utility accounts. Arcadia also manages the nation’s leading community solar program, helping to tackle energy injustice while spurring economic growth with more than 700 megawatts of solar under management. 

The Cooley team was led by Derek Colla (Picture) and Asheley Walker. Additional assistance was provided by Katherine King, Dennis Craig, Grigor Lynch, Nicollette Moser, Alexander Lee, Megan Browdie, Amanda Pacheco and Stephanie Gentile.

Involved fees earner: Megan Browdie – Cooley LLP; Derek Colla – Cooley LLP; Dennis Craig – Cooley LLP; Stephanie Gentile – Cooley LLP; Katherine King – Cooley LLP; Alexander Lee – Cooley LLP; Grigor Lynch – Cooley LLP; Nicollette Moser – Cooley LLP; Amanda Pacheco – Cooley LLP; Asheley Walker – Cooley LLP;

Law Firms: Cooley LLP;

Clients: Arcadia Data Inc.;

Martina Bellini

Author: Martina Bellini