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LevelTen Energy
Fintech · Seattle, United States · Founded 2016
Safest, most cost-effective way for c&i customers to purchase renewable energy MoreLess
LevelTen Energy operates in the renewable energy market, focusing on simplifying and accelerating the process of buying and selling power purchase agreements (PPAs). The company serves renewable energy developers and corporate energy buyers, providing a platform that connects these two groups efficiently.
LevelTen Energy has reimagined the traditional Request for Proposal (RFP) process, which is typically time-consuming and complex. By eliminating the need for extensive data analysis and spreadsheet management, LevelTen reduces the RFP process from months to just weeks. This streamlined approach allows developers to focus on their core business activities while LevelTen handles the power sales.
The company’s business model revolves around its dynamic, two-sided marketplace. This platform aggregates both PPA buyers and sellers, facilitating transactions in a more efficient and less risky manner. By grouping buyers together, LevelTen enables access to a larger market—up to 99% of potential buyers—thereby reducing PPA costs significantly.
LevelTen makes money by providing transaction standards and credit solutions that ensure deals close smoothly and painlessly. These services reduce sales cycles by 50%, making the power sales process much easier for both projects and buyers. The platform’s liquidity and transparency are key components that enhance market efficiency, allowing many buyers and sellers to transact standard products rather than relying on bespoke, one-off deals.
In summary, LevelTen Energy offers a robust platform that simplifies the renewable energy market by connecting developers and corporate buyers, reducing transaction times and costs, and ensuring smooth deal closures.
Keywords: Renewable Energy, PPA, Marketplace, Developers, Corporate Buyers, RFP Process, Aggregation, Transaction Efficiency, Credit Solutions, Market Liquidity.
Company overview
LevelTen Energy company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2016
- Headquarters
- Seattle, United States
- Employees
- 118
- Open positions
- 12
- Dealroom signal
- 62.4
Valuation & funding
LevelTen Energy funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES DOther financing | Jul 2024 | $65M | $260M | Constellation · Microsoft Climate Innovation Fund · Zoma Capital · B Capital | ↗ |
| DEBTDebt | Nov 2023 | $10M | — | Undisclosed | ↗ |
| SERIES COther financing | Aug 2021 | $35M | $140M | Techstars · Prelude Ventures · MCJ Collective · NGP Energy Technology Partners | — |
| SERIES BOther financing | Jun 2019 | $21M | $82M | Founders Co-Op · TotalEnergies Carbon Neutrality Ventures · Prelude Ventures · Constellation Technology Ventures | — |
| SERIES AOther financing | Oct 2017 | $6.8M | $27M | Undisclosed | — |
| SEEDOther financing | Dec 2016 | E8 Angels | — |
Growth signals
LevelTen Energy website traffic
Latest recorded traffic for LevelTen Energy is 8.9K monthly website visits, down 31.5% over the last three months. LevelTen Energy's team grew 3.5% over the past year.
Hiring
Open positions at LevelTen Energy
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Comparisons
LevelTen Energy compared with similar companies
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Talent graph
LevelTen Energy's talent
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Global footprint
Where LevelTen Energy has talent and traffic
team presence
In the news
Latest news about LevelTen Energy
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Market sentiment
What the market is saying about LevelTen Energy
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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