The round was led by an inaugural investment from J.P. Morgan Asset Management's (NYSE: JPM) Sustainable Growth Equity Team. The financing will help accelerate the impact of Arcadia's data and API platform, Arc, by expanding data coverage and new product development to empower companies to monitor, report, and act on their carbon impact.

The financing round included participation from additional new partners Keyframe Capital, Broadscale Group, and Triangle Peak Partners, and existing partners Camber Creek, Tiger Global Management, Wellington Management, Salesforce Ventures, Drawdown Fund, MCJ Collective, and more.

Arcadia is a climate crisis-fighting technology company founded in 2014 and born out of a simple idea-everyone deserves access to clean energy. Arcadia breaks the fossil fuel monopoly by creating unprecedented access to energy data and renewable energy sources through its technology platform, Arc, and its community solar program. Arc fuels the renewable energy revolution by democratizing access to energy data from 125 utilities nationwide, covering more than 80% of US electric utility accounts. Arcadia also manages the nation's leading community solar program, helping to tackle energy injustice while spurring economic growth with more than 700MW of solar under management.