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LevelTen Energy

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Safest, most cost-effective way for c&i customers to purchase renewable energy

Seattle, United StatesFounded 2016Fintech
Valuation $250–500M Last recorded · 2024
Headcount 100–500 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for LevelTen Energy and the history behind them.

About LevelTen Energy

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.

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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.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2016
Headquarters
Seattle, United States
Employees
118
Open positions
12
Dealroom signal
62.4/100
Industry
Fintech, Energy
Sub-industry
Clean Energy
Sector
Fintech, Solar Energy, Sustainable Development Goals, Climate Tech, B2b Online Marketplace, Commodities Marketplace, Climate Fintech, Renewable Energy, Hard Tech
Business model
Marketplace & ecommerce, SaaS
Client focus
b2b

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES DOther financing Jul 2024 $65M $260M Constellation · Microsoft Climate Innovation Fund · Zoma Capital · B Capital ↗
DEBTDebt Nov 2023 $10M — Undisclosed ↗
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

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.

Latest monthly visits8.9K 3-month web change-31.5% 1-year team growth+3.5%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

19 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • E8 Angels

Series A5 investors entered at this stage

  • Prelude Ventures
  • Founders Co-Op
  • TotalEnergies Carbon Neutrality Ventures
  • Constellation Technology Ventures
  • Wireframe Ventures

Series B and later13 investors entered at this stage

  • NGP Energy Technology Partners
  • Techstars
  • MCJ Collective
  • Equinor Ventures
  • Avista Development
  • B Capital
  • Constellation
  • Microsoft Climate Innovation Fund
  • Zoma Capital
  • Aster Capital
  • NGP Energy Capital Management
  • Intercontinental Exchange
  • Alphabet | Google
Team profiled 20 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
7 countries with
team presence
🇺🇸 United States88.8%
🇪🇸 Spain4.5%
🇨🇦 Canada2.3%
🇫🇷 France1.1%
🇿🇦 South Africa1.1%
Top 5 of 7 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about LevelTen Energy on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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