What is Patch Technologies?
Based in San Francisco, California, Patch Technologies operates at the intersection of energy technology and environmental accountability. The company provides a robust software platform designed to help enterprises measure, manage, and mitigate their carbon footprints. By integrating sophisticated data analytics with energy management tools, Patch Technologies enables organizations to navigate the complexities of decarbonization. As the demand for transparent environmental reporting grows, the company has positioned itself as a critical infrastructure provider for businesses aiming to meet rigorous ESG standards and transition toward a more sustainable operational model.
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, Andreessen Horowitz, and VersionOne
Series A (2021): $20.8M led by Coatue, VersionOne, Andreessen Horowitz, and Pale Blue Dot
Series B (2022): $55M supported by Energize Ventures, Coatue, and Andreessen Horowitz
Key Investors in Patch Technologies
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.
Coatue
Coatue Management is an employee-owned hedge fund sponsor that provides services to pooled investment vehicles and maintains a significant presence in private equity markets.
Energize Ventures
Energize Capital is an investor focused on climate solutions, specializing in asset-light, technology-enabled companies that are pivotal in transitioning to a digitized and decarbonized energy system.
What's next for Patch Technologies?
With the successful completion of its latest financing round, Patch Technologies is well-positioned to expand its market reach and enhance its product suite. The company is expected to leverage this capital to deepen its technological capabilities, focusing on the automation of carbon accounting and the integration of real-time energy data. As the regulatory landscape for climate disclosure tightens, Patch Technologies is poised to capture significant market share by providing the essential software layer for corporate sustainability. Future growth will likely center on scaling its enterprise-level offerings and strengthening its position as a leader in the climate-tech ecosystem.
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