Total amount raised
$62.2 Millions
Latest funding date
12/01/2024
Location
Raptor Maps has successfully raised significant funding through multiple rounds, including a Series C, with backing from investors such as Maverix Private Equity and MacKinnon, Bennett & Company. The company offers advanced performance intelligence solutions for solar asset management, including software for analytics, workflow tools, and digital twins.
Keep reading to explore the intricacies of Raptor Maps' fundraising journey and the investors backing this innovative platform.
What Is Raptor Maps?
Raptor Maps, founded in 2015, is headquartered in Somerville, Massachusetts. The company was established by Eddie Obropta, Forrest Meyen, and Nikhil Vadhavkar. It operates within the solar energy and asset management industry, providing performance intelligence solutions to optimize solar asset performance.
With an employee count ranging from 51 to 100, Raptor Maps offers a platform that automates visual inspections and provides an intuitive interface for managing solar plants. Their technology includes visual analytics, digital twin technology, and autonomous drones, all aimed at lowering risks, costs, and losses for solar asset owners.
How Much Funding Has Raptor Maps Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 14, 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: Dec 6, 2016
- Lead Investors: Commercial Drone Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's technology and market reach.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: Dec 11, 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the company's solar asset management solutions.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: Jun 10, 2019
- Lead Investors: Blue Bear Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the company's product offerings and scale operations.
- Series A
- Amount Raised: $5M
- Date: Aug 26, 2020
- Lead Investors: Blue Bear Capital, Buoyant Ventures, Data Point Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and market expansion.
- Grant
- Amount Raised: $100K
- Date: Oct 13, 2020
- Lead Investors: Massachusetts Clean Energy Center
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's innovation in clean energy solutions.
- Series B
- Amount Raised: $22M
- Date: Apr 13, 2022
- Lead Investors: MacKinnon, Bennett & Company
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the company's operations and enhance its technology platform.
- Series C
- Amount Raised: $35M
- Date: Dec 10, 2024
- Lead Investors: Maverix Private Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development, enhance solar automation, and expand the team.
Total Amount Raised: $62.2M. Current Valuation: Not publicly disclosed.
Key Investors
- Maverix Private Equity
- Details: Maverix Private Equity is a private equity firm that focuses on growth investments in technology and sustainable energy sectors. They led the $35 million Series C financing round for Raptor Maps.
- Investment Focus Areas: Smart cities, sustainable energy solutions, technology.
- Notable Investments: Not publicly disclosed.
- MacKinnon, Bennett & Company
- Details: MacKinnon, Bennett & Company is an investment firm that specializes in growth capital for companies in the energy, transportation, and smart city sectors. They led the $22 million Series B round for Raptor Maps.
- Investment Focus Areas: Energy, transportation, smart cities.
- Notable Investments: Not publicly disclosed.
- Massachusetts Clean Energy Center
- Details: Massachusetts Clean Energy Center is a state economic development agency dedicated to accelerating the growth of the clean energy sector across the Commonwealth. They provided a $100K grant to Raptor Maps.
- Investment Focus Areas: Clean energy, innovation, economic development.
- Notable Investments: Not publicly disclosed.
- Blue Bear Capital
- Details: Blue Bear Capital is a venture capital firm that invests in high-growth companies in the energy, infrastructure, and climate sectors. They participated in multiple funding rounds for Raptor Maps, including the Series A and Series C rounds.
- Investment Focus Areas: Energy, infrastructure, climate technology.
- Notable Investments: Not publicly disclosed.
- Buoyant Ventures
- Details: Buoyant Ventures is a venture capital firm that invests in digital solutions addressing climate risk. They participated in the Series A and Series C rounds for Raptor Maps.
- Investment Focus Areas: Climate risk, digital solutions, sustainability.
- Notable Investments: Not publicly disclosed.
What's Next for Raptor Maps?
Raptor Maps is poised to capitalize on significant opportunities in the solar asset management sector. With the recent $35 million Series C funding, the company is set to enhance its solar automation and work management software, expand machine-learning insights, and grow its team in software engineering and data science. The introduction of Raptor Solar Sentry is expected to increase market penetration and address solar asset underperformance.
Future fundraising opportunities seem promising, given the successful Series C round and ongoing product advancements. However, Raptor Maps may face challenges in implementing new technologies, maintaining a competitive edge, and scaling operations effectively. The company's ability to navigate these challenges will be crucial for its continued growth and success in the rapidly evolving solar market.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Raptor Maps and gather other critical business insights. Sign up for free to start optimizing your sales strategies today.
