LevelTen Energy Raises $20.5 Million to Simplify Renewable Energy Sales

Tuesday, June 11, 2019

By Kyle Wiggers

Seattle Techstars graduate LevelTen Energy, a startup developing a platform that matches small- and medium-sized businesses with renewable energy suppliers, today announced that it’s raised $20.5 million in series B financing led by Prelude Ventures. This latest round saw participation from a raft of investors including Exelon’s Constellation Technology Ventures, Equinor Energy Ventures, and Total Ventures, along with existing investors Avista Development, Element 8 Fund, Founders’ Co-op, Techstars Ventures, and Wireframe Ventures. It brings the company’s total raised to $27.3 million following a $6.8 million series A round in October 2017.

CEO Bryce Smith says that the fresh capital will be used to expand LevelTen’s product suite in North America and Europe, open its platform to new channel providers, and grow the company’s workforce.

Photo courtesy of Ken Teegardin.

Source: VentureBeat (link opens in a new window)

energy access, renewable energy, startups