LevelTen Energy Funding, Investors & Competitors

LevelTen Energy has raised $124M across 7 funding rounds, most recently a undisclosed-stage round in August 2026.

Last LevelTen Energy funding round

Undisclosed stage

Amount undisclosed · Aug 2026

Cumulative funding LevelTen Energy raised

$124M

across 7 funding rounds

Key investors in LevelTen Energy

  • Techstars
  • Prelude Ventures
  • Founders' Co-op
  • Wireframe Ventures
  • E8 Angels
  • Alphabet
  • TotalEnergies Ventures
  • B Capital

LevelTen Energy Overview

About LevelTen Energy

Seattle-headquartered LevelTen Energy provides a marketplace for renewable energy transactions. The platform links corporate buyers like Microsoft and Google with developers of utility-scale solar and wind projects. Tools include PPA pricing data, RFPs, and analytics for commercial and industrial procurement.


Founded

2016

HQ

United StatesSeattle, WA

Status

Privately held

Customer focus

B2B

Revenue model

Commission

LevelTen Energy Funding History

LevelTen Energy has raised a total of $124M across 7 funding rounds.

LevelTen Energy's first fundraising round was a $1M seed round in December 2016. The most recent completed round was a undisclosed-stage round in August 2026.

LevelTen Energy funding rounds

LevelTen Energy funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2026Undisclosed stageABB Ventures (lead)--
Jul 2024Series DB Capital (lead); Constellation; NGP Energy Capital Management; Aster; Intercontinental Exchange; Prelude Ventures; Zoma Capital; Microsoft Climate Innovation Fund; Alphabet$61MLevelTen Energy is the leading provider of transaction infrastructure for the energy transition, operating the world's largest online marketplace connecting carbon-free energy buyers, sellers, advisors, asset owners, and financiers. The LevelTen Platform facilitates power purchase agreements (PPAs), asset sales, and other clean energy transactions, having enabled over $14.8 billion in such deals and the procurement of more than eight gigawatts of clean energy since its 2016 founding. On July 16, 2024, the Seattle-based company closed a $65 million Series D funding round, comprising new growth capital and note conversions, bringing total funding raised to over $125 million across multiple rounds. The Series D was led by B Capital, with participation from Aster, Constellation, Equinor Ventures, Google, Intercontinental Exchange (ICE), Microsoft's Climate Innovation Fund, NGP Energy Capital Management, Prelude Ventures, Zoma Capital, and others. Funds are earmarked to scale the platform, expand into new markets like granular certificates and clean hydrogen, enhance geographic reach including 16 new European markets, and accelerate carbon-free energy project deployment. CEO Bryce Smith highlighted the platform's role in simplifying and scaling PPAs to support clean energy financing and construction. B Capital's General Partner and Head of Climate, Jeff Johnson, praised LevelTen as a pioneer in clean energy marketplaces, underscoring its critical solutions for the global energy transition. The round builds on prior financings, including a 2019 Series B of $20.5 million led by Prelude Ventures, and positions LevelTen to address market opacity, costs, and risks in renewable procurement for diverse corporate buyers beyond Fortune 500 companies.
Aug 2021Series CNGP Energy Technology Partners (lead); Avista Development; Prelude Ventures; Founders' Co-op; Techstars; TotalEnergies Ventures; Equinor Ventures; Constellation Technology Ventures; MCJ; Wireframe Ventures; Alphabet$35MLevelTen Energy announced a $35 million Series C funding round led by NGP Energy Technology Partners (NGP ETP), with participation from My Climate Journey (MCJ) Collective and existing investors including Avista Development, Constellation Technology Ventures, Equinor Ventures, Founders' Co-op, Prelude Ventures, Techstars, TotalEnergies Ventures, and Wireframe Ventures. The company provides renewable energy transaction infrastructure, operating the world's largest online hub for utility-scale renewable energy deals. At the time of the Series C round, the LevelTen Platform connected a range of energy advisors and experienced buyers with more than 500 project developers, owners, and financiers, with the partner network including more than 25 energy advisors and retail electricity providers such as 3Degrees, Accenture, Constellation, Deloitte, and South Pole. The funding was intended to support the launch of additional transaction infrastructure products and services to accelerate the energy transition, with management noting that renewable transactions would become as customary and efficient as fossil fuel transactions. The company had previously launched the LevelTen Energy Marketplace in 2018 to improve the power purchase agreement process, followed by the LevelTen Asset Marketplace in 2021 to simplify buying and selling of renewable energy projects themselves.
Jun 2019Series BPrelude Ventures (lead); E8 Angels; Founders' Co-op; Techstars; TotalEnergies Ventures; Wireframe Ventures$21MLevelTen Energy is a Seattle-based renewable energy procurement platform founded in 2016 that serves as a marketplace connecting corporate and large energy buyers with utility-scale clean energy projects. The platform provides data, analytics, and automation tools for commercial and industrial renewable energy procurement across North America, offering access to wind, solar, energy storage, biomass, and small hydroelectric projects. On June 3, 2019, LevelTen announced a $20.5 million Series B funding round led by Prelude Ventures, with participation from strategic energy investors Constellation Technology Ventures (Exelon), Equinor Energy Ventures, and Total Ventures, along with returning investors including Element 8 Fund, Founders' Co-op, Techstars Ventures, Wireframe Ventures, and Avista Development. This brought the company's total funding to $27.3 million. The company demonstrated early traction by facilitating over $1 billion in renewable energy procurement for clients including Bloomberg, Cox Enterprises, Gap, Salesforce, Workday, and Starbucks. LevelTen planned to use the capital to expand its product suite and geographic footprint in North America and Europe, grow its team from 21 employees, and open its platform to new channel partners and service providers.
Oct 2017Series AAvista; Prelude Ventures; E8 Angels; Founders' Co-op; Techstars; Wireframe Ventures$7MLevelTen Energy raised $6.8 million in a Series A funding round in October 2017 from investors including Avista Development, Element 8 Fund (E8 Angels), Founders' Co-op, Prelude Ventures, Techstars Ventures, and Wireframe Ventures. The Seattle-based startup, a 2017 graduate of the Techstars accelerator, operates a two-sided marketplace connecting renewable energy providers with corporate buyers. It bundles wind, solar, and other renewable projects into portfolios, reducing costs and risks compared to traditional one-to-one project deals. The platform aims to simplify clean power purchases for a broader range of companies beyond the largest corporations. LevelTen launched the prior year and uses the funding to enhance its transaction infrastructure for renewable energy deals.
Jan 2017SeedTechstars (lead)$100K-
Dec 2016SeedE8 Angels; Founders' Co-op; Techstars$1M-

Who has invested in LevelTen Energy?

21 investors have backed LevelTen Energy across its funding rounds, including Techstars, Prelude Ventures, Founders' Co-op, Wireframe Ventures, E8 Angels and Alphabet.

Lead investors include ABB Ventures, B Capital, NGP Energy Technology Partners, Prelude Ventures and Techstars.


LevelTen Energy Investors

Investors in LevelTen Energy by funding rounds participated
InvestorHQRoundsRoleFirst check
TechstarsUnited StatesBoulder, CO5LeadDec 2016
Prelude VenturesUnited StatesSan Francisco, CA4LeadOct 2017
Founders' Co-opUnited StatesSeattle, WA4ParticipantDec 2016
E8 AngelsUnited StatesSeattle, WA3ParticipantDec 2016
Wireframe VenturesUnited StatesSan Francisco, CA3ParticipantOct 2017
TotalEnergies VenturesFranceParis2ParticipantJun 2019
AlphabetUnited StatesSan Francisco, CA2ParticipantAug 2021
ConstellationFranceParis1ParticipantJul 2024
NGP Energy Capital ManagementUnited StatesDallas, TX1ParticipantJul 2024
AvistaUnited StatesPlatteville, WI1ParticipantOct 2017
AsterFranceParis1ParticipantJul 2024
Intercontinental ExchangeUnited StatesAtlanta, GA1ParticipantJul 2024
Avista DevelopmentUnited StatesSpokane, WA1ParticipantAug 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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LevelTen Energy Competitors

LevelTen Energy competitors include listed companies like Copart and RB Global, and private ones like Faire, OfBusiness, Zetwerk and Inxeption.

Public and private companies comparable to LevelTen Energy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CopartUnited StatesUnited StatesPublicly listed$4.6B$1.9B$27B4.9x
RB GlobalUnited StatesUnited StatesPublicly listed$4.6B$1.4B$16B4.1x
FaireUnited StatesSan Francisco, CAPrivate$500M-$5.2B10.4x
OfBusinessIndiaGurgaonPrivate$2.1B-$4B1.9x
ZetwerkIndiaBangalorePrivate$102M$20M$3.1B-
InxeptionUnited StatesUnited StatesPrivate$300M-$3B10.0x

LevelTen Energy Public Comps

LevelTen Energy is still privately-owned, but its public comps include GE Vernova, Iberdrola, Recruit Holdings, Uber, Booking Holdings, China Yangtze Power, Airbnb, Constellation Energy, Prosus and DoorDash.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
Iberdrola$51B$17B4.4x4.3x13.2x11.8x
Recruit Holdings$24B$4B6.4x6.0x37.9x25.2x
Uber$52B$6.2B3.0x2.8x24.9x14.6x
Booking Holdings$27B$8.3B4.9x4.6x15.9x12.4x
China Yangtze Power$13B$11B11.4x11.3x13.9x14.4x
Airbnb$12B$2.4B7.2x6.5x36.3x18.2x
Constellation Energy$26B$5B4.6x3.8x23.5x15.3x

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Common questions about LevelTen Energy

When was LevelTen Energy founded?LevelTen Energy was founded in 2016.
Where is LevelTen Energy headquartered?LevelTen Energy is headquartered in Seattle, WA, United States.
Is LevelTen Energy publicly listed?No, LevelTen Energy is a private, VC-backed company.
How much funding has LevelTen Energy raised?LevelTen Energy has raised $124M across 7 funding rounds.
What was LevelTen Energy's last funding round?LevelTen Energy's last funding round was a undisclosed-stage round in August 2026, led by ABB Ventures.
Who are LevelTen Energy's investors?LevelTen Energy's investors include Techstars, Prelude Ventures, Founders' Co-op, E8 Angels, Wireframe Ventures, TotalEnergies Ventures, Alphabet, Constellation, NGP Energy Capital Management, Avista and 11 others.
Which companies are comparable to LevelTen Energy?Companies comparable to LevelTen Energy include Copart, RB Global, Faire, OfBusiness, Zetwerk and Inxeption.

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