Wednesday, October 18, 2017

Techstars Ventures Backs LevelTen Energy

Techstars Venture Capital Fund, the investment fund that is linked to the Techstars accelerator program, is one of the investors in LevelTen Energy a startup which operates a marketplace that helps corporation purchase renewable energy, in its first round of funding. LevelTen announced a $6.8M, Series A funding on Tuesday, which came from Prelude Ventures, Techstars Venture Capital Fund, Founders' Coop, Wireframe Ventures, Element 8 Fund and Avista Development. The startup was part of Techstars Seattle. LevelTen's marketplace is aimed at corporations and others interested in renewable power purchase agreements (PPAs), which are arrangements where companies agree to pay for energy created by renewable energy projects. More information »