Funding and M&A Roundup: Clean Energy Platform Arcadia Raises $200 Million in Funding
Axium Infrastructure acquires solar and storage developer BlueWave
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
Arcadia, a climate software and data startup focused on decarbonizing the electric grid, raised $200 million in a new funding round. J.P. Morgan Asset Management’s Sustainable Growth Equity Team led the funding round with Keyframe Capital, Broadscale Group, Triangle Peak Partners, Camber Creek, Tiger Global Management, Wellington Management, Salesforce Ventures, Drawdown Fund, and MCJ Collective. The latest financing comes just eight months after the company closed a $100 million Series D round and brings total funding to over $370 million.
