JP Morgan Asset Management led a $200m round in Arcadia.

JP Morgan Asset Management, an asset manager, led a $200m round in Arcadia, a technology company empowering energy innovators to fight the climate crisis, with participation from Keyframe Capital, Broadscale Group, Triangle Peak Partners, Camber Creek, Tiger Global Management, Wellington Management, Salesforce Ventures, Drawdown Fund and MCJ Collective. "The products being built on the Arc platform in just a short amount of time - by large incumbents and new startups - prove that companies have been starved of the tools they need to build innovative energy solutions. Building a platform that works across verticals instead of offering point solutions will unlock exponential growth and impact. Today's commitment from J.P. Morgan will enable Arc to become the foundational software layer for the zero-carbon economy," Kiran Bhatraju, Arcadia CEO.