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Uplight Adds New Investors Schneider Electric and Huck Capital-Led Investment Group in Deal Valued at $1.5 Billion, with Growth Capital to Accelerate the Clean Energy Ecosystem

RECENTLY ACQUIREDMar 03, 2021

Amount Raised

$1 Billion

Round Type

Venture

BoulderEnergySustainabilityNatural ResourcesSoftware

Description

Uplight, the technology partner of energy providers transitioning to the clean energy ecosystem, announced today that it has agreed to a new investment from a consortium of investors, co-led by Schneider Electric (EURONEXT:SU), the global leader in sustainable energy solutions; AES (NYSE:AES), a global company accelerating the future of sustainable energy; and a group of private equity investors led by Huck Capital that includes Coatue and Inclusive Capital Partners Spring Fund II. Uplight is valued at $1.5 billion in the transaction, which includes the investment of new equity to support significant organic and inorganic growth and adds world-class strategic and financial partners as the energy industry surges forward into transformation. Prior Uplight majority investor Rubicon Technology Partners, who along with AES led the formation of Uplight through the merger of six companies, will also remain a minority investor.

Quick answer

Uplight raised $1 Billion in a funding round, dated March 3, 2021. Uplight is based in Boulder, Colorado, United States.

How much did Uplight raise?
Uplight raised $1 Billion in a funding round on March 3, 2021.
What does Uplight do?
Formed through the merger of Tendril and Simple Energy, along with the acquisitions of FirstFuel, EEme, and EnergySavvy, Uplight is a certified B Corporation and the leading technology partner for energy providers and..
Where is Uplight based and how big is it?
Uplight is based in Boulder, Colorado, United States. Fundz records about 569 employees.
Who are the decision-makers at Uplight?
Fundz holds 3 contacts at Uplight, including the Director, Consumer Programs. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Sustainability around the same time

Companies in the same sectors as Uplight that raised within 45 days of this round, from Fundz verified event records.

  • EverGen Infrastructure raised $17M (Funding Round) on March 25, 2021.
  • 75F raised $700K (Seed) on February 18, 2021.
  • Persefoni AI raised $9.7M (Series A) on April 15, 2021.
  • Squarespace raised $190M on April 13, 2021.
  • Volexion raised $1.3M on April 8, 2021.
  • Electric Hydrogen raised $24M on March 29, 2021.

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Company Information

Company

Uplight

Location

Boulder, Colorado, United States

About

Formed through the merger of Tendril and Simple Energy, along with the acquisitions of FirstFuel, EEme, and EnergySavvy, Uplight is a certified B Corporation and the leading technology partner for energy providers and the clean energy ecosystem. Its software solutions connect energy customers to the decarbonization goals of utilities, helping them save energy, lower costs, and contribute to a more sustainable future. Trusted by more than 80 electric and gas utilities worldwide, Uplight empowers providers to achieve critical outcomes through data-driven customer experiences, grid-edge control, optimized load and assets, and the creation of new revenue streams—all while streamlining the transition to clean energy for every community.

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Related People

3 contacts
Verified contactsChristina F., Director, Consumer Programs hiddenSee plans and pricing
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Uplight raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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