What is Patch Technologies?
Based in San Francisco, CA, Patch Technologies operates within the energy technology industry, specializing in providing comprehensive carbon footprint management software. The company's solutions are designed to help businesses track, analyze, and reduce their environmental impact, aligning with the growing global demand for sustainability and corporate responsibility. The enterprise-level funding indicates a mature stage of development and a strong market position.
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 Andreessen Horowitz, Version One Ventures, Pale Blue Dot Ventures, and MapleVC
Series A (2021): $20.8M led by Coatue, Pale Blue Dot, VersionOne, and Andreessen Horowitz
Series B (2022): $55M supported by Coatue, Energize Ventures, and Andreessen Horowitz
Key Investors in Patch Technologies
Coatue
Coatue Management is an employee-owned hedge fund sponsor that invests in public and private equity globally. They also engage in hedging markets and invest in equity-related securities.
Energize Ventures
Energize Capital focuses on climate solutions and scaling sustainable innovations, particularly in asset-light, technology-enabled companies crucial for a digitized and decarbonized energy system.
Andreessen Horowitz
Andreessen Horowitz is a prominent American venture capital firm established in 2009, known for investing in both early-stage startups and established growth companies, with headquarters in Menlo Park, California.
What's next for Patch Technologies?
With substantial backing, Patch Technologies is poised for accelerated growth and innovation in the competitive energy tech landscape. The recent major strategic investment suggests a focus on scaling operations, expanding market reach, and further developing its software capabilities. Future endeavors will likely involve enhancing its carbon accounting and reporting tools, potentially integrating AI for predictive analytics, and forging deeper partnerships within the enterprise sector to drive widespread adoption of its sustainability solutions.
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