What is Patch Technologies?
Based in San Francisco, CA, Patch Technologies operates at the intersection of energy technology and environmental sustainability. The company specializes in developing and providing sophisticated carbon footprint management software. This software enables businesses to accurately track, analyze, and reduce their environmental impact, aligning with increasing global demands for corporate responsibility and climate action. The enterprise-level funding Patch Technologies has attracted indicates a strong market need for its innovative solutions in a sector ripe for digital transformation and decarbonization efforts.
How much funding has Patch Technologies raised?
Patch Technologies has raised a total of $80.3M across 3 funding rounds:
Unspecified
$4.5M
Series A
$20.8M
Series B
$55M
Unspecified (2021): $4.5M with participation from Pale Blue Dot Ventures, MapleVC, Version One Ventures, and Andreessen Horowitz
Series A (2021): $20.8M led by Pale Blue Dot, Andreessen Horowitz, VersionOne, and Coatue
Series B (2022): $55M supported by Andreessen Horowitz, Energize Ventures, and Coatue
Key Investors in Patch Technologies
Version One Ventures
Version One Ventures is an early-stage venture fund that invests in mission-driven founders in emerging markets. The firm is dedicated to supporting bold entrepreneurs with innovative ideas, enabling them to build generational tech companies.
Andreessen Horowitz
Founded in 2009, Andreessen Horowitz is a private American venture capital firm that invests in both early-stage start-ups and established growth companies. The company is headquartered in Menlo Park, California.
Coatue
Coatue Management, L.L.C. is an employee owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It launches and manages hedge funds for its clients.
What's next for Patch Technologies?
The recent major strategic investment in Patch Technologies signals a pivotal phase for the company, likely focused on scaling operations, expanding its technological capabilities, and broadening its market reach. With substantial backing, Patch Technologies is well-positioned to enhance its carbon footprint management software, potentially integrating AI and advanced analytics to offer more predictive and actionable insights. Future growth may involve strategic partnerships within the energy sector and further development of its platform to meet evolving regulatory landscapes and corporate sustainability goals. The company's trajectory suggests a strong emphasis on innovation and market leadership in the climate tech space.
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