Magnetar Capital led a $125m funding round in Arcadia.

Magnetar Capital, a hedge fund based in Evanston, Illinois, led a $125m funding round in Arcadia, the technology company enabling the global energy transition, with participation from Keyframe Capital and Green Investment Group. "Our platform is unlocking the big grid worldwide, providing simple APIs and software solutions for hundreds of the leading companies across electrification. Our customers are driving residential and commercial decarbonization through personalized energy solutions that couldn't exist without easy access to utility data, tariffs, and payments," Kiran Bhatraju, Arcadia Founder and CEO.