LevelTen Energy raised $65M in Series D funding led by B Capital and other investors to accelerate carbon-free energy deals and expand into new geographies.
Jul 16, 2024•over 1 year ago
Amount Raised
$65 Million
Round Type
series d
Investors
Zoma CapitalPrelude VenturesNgpMicrosoft’s Climate Innovation FundIntercontinental Exchange, Inc. (Nyse:Ice)GoogleConstellationAsterB Capital
Description
LevelTen Energy, a provider of transaction infrastructure for the energy transition, raised $65M in Series D funding. The round was led by B Capital, with participation from Aster, Constellation, Google, Intercontinental Exchange, Inc. (NYSE:ICE), Microsoft’s Climate Innovation Fund, NGP, Prelude Ventures, and ZOMA Capital, among others. The funds will be used to unlock the full potential of round-the-clock carbon-free energy supply, expand into new geographies, support more types of buyers and sellers, and decarbonize heavy industry and support clean hydrogen.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech