Participated · Equity · Jun 2022

Cleartrace is an Austin-based carbon and energy management software company that provides 100% traceable, actionable hourly energy and carbon records. Its platform surfaces previously unseen energy data for renewable energy buyers and suppliers and enables load-matched renewable energy purchases or sales. The product is targeted at real estate owners, investors, data centers, and renewable energy suppliers, and is used to provide auditable, assurance-ready proof of decarbonization. Cleartrace counts customers and partners including JPMorgan Chase, Iron Mountain, Brookfield Properties, NextEra, and Brookfield Renewable, and has been selected to support decarbonization at major sites such as Iron Mountain’s U.S. data centers and One Manhattan West. The company emphasizes standardized, validated hourly carbon-intensity data to help clients report, comply with local environmental policies, and demonstrate achievement of decarbonization goals. ClearTrace offers an automated energy and carbon accounting platform that provides auditable, around-the-clock monitoring of energy generation and consumption. Its platform creates verifiable digital records and can track third-party energy supply, power purchase agreements, demand response, and behind-the-meter assets. ClearTrace uses cloud technology to digitize the energy supply chain and deliver granular, high-fidelity, real-time carbon impact data. The company targets multinational corporations, financial services firms, real estate holding companies, and competitive energy suppliers, and cites customers including JPMorgan Chase and Brookfield Renewable. ClearTrace recently rebranded from swytchX and plans to accelerate market adoption and deploy additional market-driven solutions. It raised $4 million in Series A financing to support that growth.

Participated · Series D · Sep 2010

Solaria raised $30 million in financing, according to Securities and Exchange Commission filings. The filings indicate there was only one investor in the offering. The company is backed by investors including CMEA Capital, DBL Investors, Mitsui Ventures, Savitr Capital, Sigma Partners and NGEN Partners. Solaria previously closed a $45 million Series D round in 2010. Solaria Corporation manufactures photovoltaic (PV) modules and systems for large and utility-scale tracking applications, with modules available separately or as complete tracking systems. The article lists the company as Solaria Inc./Solaria Corporation and cites Fremont, CA. Solaria Corporation is a Fremont, California–based global manufacturer of solar photovoltaic modules. The company produces patented solar PV modules intended for solar system integrators, project developers and electric utilities. Solaria plans to use new funding to accelerate production of its patented modules. It raised an additional $20M to its Series D, bringing the round to $65M, which includes a $10M growth loan facility. Investors in the close include Adams Street Partners, Cycad Group, Western Technologies, CMEA Capital, DBL Investors, Sigma Partners, NGEN Partners, Mitsui Ventures, Savitr Capital and enXco. The company intends to make its modules available across North America, Europe and Asia.