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About Redaptive
Industries
Data & Analytics
Energy
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$1.6B
Headquarters
Denver, Colorado
Founded
2014
Overview
Redaptive offers Energy as a Service (EaaS) by funding and installing energy-saving and energy-generating equipment for large organizations, mainly in commercial real estate. They help clients reduce energy waste and costs while meeting sustainability goals by financing upfront expenses and allowing repayment through energy savings. Their proprietary Data as a Service (DaaS) platform provides real-time data on energy usage, enabling effective monitoring and optimization. Redaptive stands out by sharing energy cost savings with clients through long-term contracts, aiming to transform resource consumption for better environmental and financial outcomes.
Simplify's Take
What believers are saying
- Redaptive secured $650M for expansion in the U.S., Canada, and Europe.
- Growing demand for real-time energy data analytics aligns with Redaptive's offerings.
- Increased focus on ESG criteria benefits Redaptive's sustainable business model.
What critics are saying
- Emerging EaaS providers may pressure Redaptive's market share and pricing.
- International expansion exposes Redaptive to unfamiliar regulatory environments.
- Dependence on long-term contracts poses risks if clients terminate agreements early.
What makes Redaptive unique
- Redaptive offers a unique Energy-as-a-Service model with upfront cost financing.
- Their proprietary Data-as-a-Service platform provides real-time energy usage insights.
- Redaptive's solutions help clients overcome capital and contractual barriers efficiently.
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Funding
Total Funding
$1566.5M
Above
Industry Average
Funded Over
5 Rounds
Benefits
Equity plan participation
Company-subsidized benefits: medical, dental, vision, life insurance
Flexible Spending Accounts: healthcare and dependent care
6% 401(k) match with immediate vesting
Flexible Time Off
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 1%2 year growth
↑ 6%CDPQ is investing $650 million in Denver-based energy-as-a-service provider Redaptive to enhance its energy solutions and expand its reach in the U.S., Canada, and Europe. Additionally, CDPQ is leading a $116 million investment round in Germain Hotels, in partnership with Fonds de solidarité FTQ and Investissement Québec, to support its expansion across Canada. This aligns with CDPQ's strategy to boost Quebec companies' productivity and market diversification.
Redaptive has secured a $650 million credit facility from CDPQ and Nuveen to support its rapid expansion. The funding will be used to enhance energy efficiency and sustainability efforts, leveraging Redaptive's Energy-as-a-Service (EaaS) platform as a key growth driver.
Redaptive secures $650M Credit Facility from CDPQ and Nuveen to expand Energy-as-a-Service (EaaS) platform.
/CNW/ -- Redaptive, a leading Energy-as-a-Service (EaaS) provider, today announced it has secured an additional $100 million equity investment from the Canada...
The over 25K-square-foot space will provide room to accommodate the sustainability company's impressive growthDENVER, Aug. 21, 2024 /PRNewswire/ -- Redaptive , renowned for its data and sustainability solutions for industrial and commercial customers, is moving its headquarters from The Circa Building to a much larger, 25K-square-foot space on the eighth floor of McGregor Square in LoDo. The move comes on the heels of significant company growth.Redaptive's new headquarters is located in McGregor Square, which offers residential, office, and retail space and entertainment options, encompassing a city block.Located at 1601 19th Street in the heart of LoDo, McGregor Square offers residential, office, and retail space and entertainment options, encompassing a city block. The building is near Coors Field, Union Station, the National Ballpark Museum, and the Denver Millennium Bridge.Redaptive relocated to Denver from San Francisco in 2019 and established Denver as its corporate headquarters in 2023 with 17 employees. That number has grown more than fivefold in just over a year. This growth is expected to continue, with the new office space able to accommodate another doubling of Redaptive's Denver-based employees."We decided to move to Denver because of the city's growing economy, strong sustainability mindset, and access to excellent talent
Redaptive is Hiring for 9 Jobs on Simplify!
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About Redaptive
Industries
Data & Analytics
Energy
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$1.6B
Headquarters
Denver, Colorado
Founded
2014
Redaptive is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today