Total amount raised
$1 Billions
Latest funding date
10/01/2024
Location
Redaptive has successfully raised significant funding through multiple rounds, with notable investors such as CPP Investments and ATLAS SP Partners backing the company. The platform offers a range of services including Energy-as-a-Service, real-time data access, and flexible financing solutions.
Keep reading to explore the intricacies of Redaptive's fundraising journey and the investors supporting this innovative energy solutions provider.
What Is Redaptive?
Redaptive, founded in 2015 by John Rhow and Ryan Martineau, is an Energy-as-a-Service provider based in Denver, Colorado. The company operates within the energy, energy efficiency, renewable energy, and sustainability industries.
With an employee count ranging from 101 to 250, Redaptive funds and installs energy-saving and energy-generating equipment for various clients. Their solutions help organizations reduce energy waste, save money, lower carbon emissions, and meet sustainability goals across their real estate portfolios.
How Much Funding Has Redaptive Raised?
- Round Name: Debt Financing
- Amount Raised: $15M
- Date: January 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and fund initial projects.
- Round Name: Venture Round
- Amount Raised: $20M
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand service offerings and scale operations.
- Round Name: Series C
- Amount Raised: $156.5M
- Date: October 2020
- Lead Investors: AB CarVal Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand market reach.
- Round Name: Series E
- Amount Raised: $200M
- Date: December 2022
- Lead Investors: CPP Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expand decarbonization solutions.
- Round Name: Corporate Round
- Amount Raised: Not publicly disclosed
- Date: March 2023
- Lead Investors: Honeywell
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To form strategic partnerships and enhance service offerings.
- Round Name: Series E
- Amount Raised: $50M
- Date: May 2023
- Lead Investors: Linse Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market presence.
- Round Name: Debt Financing
- Amount Raised: $250M
- Date: August 2023
- Lead Investors: Deutsche Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund large-scale projects and enhance financial flexibility.
- Round Name: Debt Financing
- Amount Raised: $225M
- Date: April 2024
- Lead Investors: ATLAS SP Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing projects and expand service capabilities.
- Round Name: Private Equity Round
- Amount Raised: $100M
- Date: October 2024
- Lead Investors: CPP Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance service offerings.
Total Amount Raised: $1.0165B. Current Valuation: Not publicly disclosed.
Key Investors
- CPP Investments
- Details: CPP Investments is a professional investment management organization that manages the funds of the Canada Pension Plan. It serves over 22 million contributors and beneficiaries worldwide.
- Investment Focus Areas: Public equities, private equities, real estate, infrastructure, fixed income.
- Notable Investments: Ant Financial, Asurion, GlobalLogic.
- ATLAS SP Partners
- Details: ATLAS SP Partners is a financial services firm specializing in providing strategic capital solutions. They focus on supporting companies through various stages of growth.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
- Deutsche Bank
- Details: Deutsche Bank is a leading global investment bank headquartered in Frankfurt, Germany. It offers financial products and services to corporate, institutional, and individual clients.
- Investment Focus Areas: Investment banking, asset management, private banking, retail banking.
- Notable Investments: Not specified.
- Linse Capital
- Details: Linse Capital is a growth-stage investment firm that focuses on technology and energy sectors. They aim to support companies with high growth potential.
- Investment Focus Areas: Technology, energy.
- Notable Investments: Not specified.
- Honeywell
- Details: Honeywell is a multinational conglomerate headquartered in Charlotte, North Carolina. It operates in various sectors including aerospace, building technologies, performance materials, and safety solutions.
- Investment Focus Areas: Aerospace, building technologies, performance materials, safety solutions.
- Notable Investments: Not specified.
What's Next for Redaptive?
Redaptive stands at the cusp of significant growth opportunities, driven by a $100 million investment from CPP Investments. This capital infusion will enable the company to accelerate its energy efficiency projects and enhance its service offerings, meeting the increasing demand for decarbonization solutions. The focus on real-time energy data and analytics positions Redaptive to expand its customer base in the Commercial & Industrial sectors.
Future fundraising opportunities appear promising, with the potential for additional investments to support Redaptive's ambitious growth plans. The company may also consider an IPO if market conditions are favorable, providing further financial flexibility to scale operations and innovate.
However, challenges such as managing rapid growth, staying ahead of technological advancements, and navigating a competitive market landscape remain. Redaptive must ensure continuous innovation and effective scaling to maintain its market position and meet evolving customer needs.
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