FinTechFunding

Redaptive: Raises $156.5M In Funding

  • Redaptive Inc., a San Francisco, CA-based provider of Efficiency-as-a-Service solutions for commercial and industrial customers, closed a $156.5m funding round
  • The round was led by CarVal Investors with participation from existing investors CBRE, Engie New Ventures, Evergy Ventures and Linse Capital
  • The company will use the funds to expand its energy efficiency offerings and deploy over $1 billion in new projects
  • Redaptive enables energy efficiency retrofit programs without upfront capital and guarantees results using directly measured building data
  • Current offerings include energy-efficient lighting and heating, ventilation and air conditioning (HVAC) systems
  • Redaptive also has offices in Denver and Pune, India
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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