Raptor Maps Secures $35 Million to Enhance Solar Farm Management
Deal News | Dec 10, 2024 | Congruent Ventures
Raptor Maps Inc., a Boston-based innovative startup focused on software solutions for managing solar farms, has successfully raised $35 million in a Series C funding round. The investment was spearheaded by Maverix Private Equity based in Toronto, alongside participation from other prominent investors such as MacKinnon, Bennett & Co. Inc., Blue Bear Capital LLC, Congruent Ventures, Buoyant Ventures Inc., and Y Combinator Inc. Raptor Maps leverages advanced technology including drone-launching capabilities to optimize the performance and maintenance of solar panel arrays, addressing the growing needs of the solar energy sector. The influx of capital aims to enhance the startup's technological capacities, expand their reach, and contribute to the global transition towards sustainable energy solutions.
Sectors
- Renewable Energy
- Technology
- Private Equity & Venture Capital
Geography
- United States – The headquartered location of Raptor Maps is in Boston, U.S., indicating its primary market and operational base.
- Canada – Maverix Private Equity, the leading investor in the funding round, is based in Toronto, indicating cross-border investment relations.
Industry
- Renewable Energy – This industry is relevant as Raptor Maps provides software solutions for managing solar farms, which are a key component of the renewable energy sector.
- Technology – Raptor Maps operates in the technology sector because it offers advanced software solutions and utilizes drone technology to manage solar energy systems.
- Private Equity & Venture Capital – Involvement of investors like Maverix Private Equity and others indicates the significance of the private equity and venture capital industry in fueling startup growth.
Financials
- $35 million – The total amount raised by Raptor Maps in the Series C funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Raptor Maps Inc. | Target | Companies | A Boston-based startup providing software for managing solar farms. |
| Maverix Private Equity | Lead Investor | Companies | A Toronto-based private equity firm leading the Series C funding round. |
| MacKinnon, Bennett & Co. Inc. | Investor | Companies | Participated in the Series C funding round for Raptor Maps. |
| Blue Bear Capital LLC | Investor | Companies | Participated in the Series C funding round for Raptor Maps. |
| Congruent Ventures | Investor | Companies | Participated in the Series C funding round for Raptor Maps. |
| Buoyant Ventures Inc. | Investor | Companies | Participated in the Series C funding round for Raptor Maps. |
| Y Combinator Inc. | Investor | Companies | Participated in the Series C funding round for Raptor Maps. |