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Black-Owned 'Climate Tech' Startup Making Inner Cities Greener Raises $63 Million


Black-Owned ‘Climate Tech’ Startup Making Inner Cities Greener Raises $63 Million
A Black-owned climate technology startup is making waves in the industry, and investors are taking notice. BlocPower just raised $63 million to fund its work transforming old buildings into smarter, greener facilities with electric heating and cooling systems to save amounts of energy.
Donnel Baird (Credit: BlocPower.io)
In a Series A round, BlocPower raisedthe $63 million ($55 million debt and $8 million equity) from American Family Insurance Institute for Corporate and Social Impact, AccelR8 and The Goldman Sachs Urban Investment Group. CityRock Venture Partners, ElementalExcelerator, Kapor Capital, Salesforce Ventures and The Schmidt Family Foundation also participated in the funding round. ....

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