Renewable transaction infrastructure provider LevelTen Energy announced today that it has secured approximately $65 million in a Series D funding round, with proceeds aimed at building out the company’s platform and expanding its geographic and market reach.

Founded in 2016, LevelTen provides marketplaces, software tools, and industry intelligence for clean energy buyers and sellers. The company’s platforms include the LevelTen Energy Marketplace, connecting clean energy buyers and advisors with power purchase agreement (PPA) opportunities, and LevelTen Asset Marketplace, facilitating the purchase or sale of the underlying wind, solar, storage, and other clean energy assets themselves. In April, the company expanded its platform to support the transfer of federal clean energy tax. Additionally, LevelTen offers data products, including MarketPulse and PPA Price Index, providing real-world information to inform pricing and procurement decisions.

According to LevelTen, the new capital will help finance the company’s expansion into new markets enabling the acceleration of carbon-free energy project deployment, including granular certificates – energy attribute certificates that verify the time and location of carbon-free energy (CFE) generation – and clean hydrogen, as well as expansion into new geographies, and its ability to support more types of buyers and sellers.

Bryce Smith, founder and CEO at LevelTen Energy said:

“The clean energy industry’s growth has been astonishing, but the climate crisis demands that we deploy even more clean energy at a much faster rate. Rapidly growing electricity demand is straining our infrastructure and threatening to undermine climate goals. Our existential need to keep global warming in check requires us to scale procurement and bring new technologies to mass markets even more quickly.”

The financing, which includes both new growth capital and the conversion of notes, was led by B Capital, a global multi-stage investment firm, with participation from Aster, Constellation, Google, Intercontinental Exchange, Microsoft’s Climate Innovation Fund, NGP, Prelude Ventures, and ZOMA Capital, among others.

Jeff Johnson, General Partner and Head of Climate for B Capital said:

“At B Capital, we partner with leading climate entrepreneurs and innovative businesses shaping the future through technology. LevelTen is the world’s largest marketplace for clean energy and asset transactions and a pioneer in powering the renewable energy industry and beyond. We are thrilled to support LevelTen’s vision to further the energy transition by providing critical solutions for buyers, sellers and advisors around the world.”