Total amount raised
$62.2 Million
Latest funding date
12/01/2024
Location
Raptor Maps has successfully raised funds through eight rounds, with the latest being a Series C round. The company has attracted a total of 17 investors, including notable names like Maverix Private Equity and MacKinnon, Bennett & Company.
Keep reading to explore the intricacies of Raptor Maps' fundraising journey and the investors backing this innovative platform.
What Is Raptor Maps?
Raptor Maps, based in Somerville, Massachusetts, operates in the solar energy and asset management industries. The company specializes in performance intelligence solutions for solar asset management, integrating data from various sources to optimize performance and reduce risks.
With a team of 51-100 employees, Raptor Maps leverages technologies such as data visualization and autonomous drones to provide comprehensive visual analytics and intuitive data interaction through their Digital Twin platform. Their solutions are trusted by leading industry players, including IPPs, regulated utilities, and EPCs.
How Much Funding Has Raptor Maps Raised?
- Series C
- Amount Raised: USD 35,000,000
- Date: December 2024
- Lead Investors: Maverix Private Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development, including enhancements in solar automation, work management, and machine-learning insights. To expand the team with further investments in software engineering and data science.
- Series B
- Amount Raised: USD 22,000,000
- Date: April 2022
- Lead Investors: MacKinnon, Bennett & Company
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development in providing performance intelligence solutions for solar asset management.
- Grant
- Amount Raised: USD 100,000
- Date: October 2020
- Lead Investors: Massachusetts Clean Energy Center
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development of innovative solutions in the solar energy sector.
- Series A
- Amount Raised: USD 5,000,000
- Date: August 2020
- Lead Investors: Blue Bear Capital, Buoyant Ventures, Data Point Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the company's operations and enhance its product offerings in solar asset management.
- Seed
- Amount Raised: Not publicly disclosed
- Date: June 2019
- Lead Investors: Blue Bear Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund early-stage development and market entry.
- Seed
- Amount Raised: Not publicly disclosed
- Date: December 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial product development and market research.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: December 2016
- Lead Investors: Commercial Drone Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance the company's drone technology and analytics capabilities.
- Grant
- Amount Raised: USD 100,000
- Date: May 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage research and development in solar asset management.
Total Amount Raised: USD 62,200,000. Current Valuation: Not publicly disclosed.
Key Investors
- Maverix Private Equity
- Details: Maverix Private Equity is a growth equity firm that invests in technology-driven companies. They focus on partnering with management teams to drive growth and create value.
- Investment Focus Areas: Smart cities, sustainable energy solutions, disruptive technologies
- Notable Investments: Series C - Raptor Maps
- MacKinnon, Bennett & Company
- Details: MacKinnon, Bennett & Company (MKB) is a private investment firm that focuses on growth equity investments. They aim to support companies that are driving innovation and sustainability.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- Massachusetts Clean Energy Center
- Details: The Massachusetts Clean Energy Center (MassCEC) is a state economic development agency dedicated to accelerating the growth of the clean energy sector across the Commonwealth.
- Investment Focus Areas: Clean energy, renewable energy, energy efficiency
- Notable Investments: Not publicly disclosed
- Blue Bear Capital
- Details: Blue Bear Capital is a venture capital firm that invests in digital technologies for the energy, infrastructure, and climate industries. They focus on companies that leverage data and software to drive efficiency and sustainability.
- Investment Focus Areas: Energy, infrastructure, climate technologies
- Notable Investments: Not publicly disclosed
- Buoyant Ventures
- Details: Buoyant Ventures is a venture capital firm that invests in early-stage companies focused on climate resilience and sustainability. They aim to support innovative solutions that address climate change.
- Investment Focus Areas: Climate resilience, sustainability, clean technology
- 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 introduction of Raptor Solar Sentry, the company aims to enhance solar operations and maintenance through advanced analytics and digital solutions. This innovation aligns with the growing industry trend of addressing solar asset underperformance and the increasing demand for sustainable energy solutions.
The successful Series C funding round, which raised $35 million, underscores the potential for future fundraising to support ongoing product development and market expansion. As Raptor Maps continues to innovate, they may attract further investment to drive growth and maintain their competitive edge in the rapidly evolving solar technology market.
However, the company faces challenges in ensuring the scalability and effectiveness of new software products and addressing the diverse needs of global solar portfolios. Navigating varying regulatory environments and maintaining a competitive advantage will be crucial as they expand their offerings and continue to lead in solar asset management.
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