Redaptive, a Denver, Colorado-based Energy-as-a-Service provider that funds and installs energy-saving and energy-generating equipment, secured $125 million in financing.
Deutsche Bank’s US Private Credit & Infrastructure provided the warehouse facility.
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments, and institutional investors.
Redaptive Use of Funds
The company intends to use the funds to securitize its diverse portfolio of customer contracts to provide customers with the most competitive pricing for EaaS and data offerings.
Founded in 2015, Redaptive is an energy SaaS company that funds and installs energy-saving and energy-generating equipment, including metering, HVAC, solar, LED, EV, and other efficiency and sustainability solutions. The company also tracks and analyzes building performance and consumption of water, gas, and energy for ESG reporting for customer building portfolios via their metering platform, Redaptive ONE. Its programs enable organizations to reduce energy waste, optimize cost, lower carbon emissions, and meet their sustainability goals across their entire real estate portfolios.
Company: Redaptive, Inc.
Round: Warehouse Facility
Funding Month: August 2023
Lead Investors: Deutsche Bank’s US Private Credit & Infrastructure
Company Website: https://redaptive.com/
Software Category: Energy and Data Solutions