Leap $33.5M Series B

Leap $33.5M Series B

SAN FRANCISCO--(BUSINESS WIRE)--Leap, the leading energy market access provider, today announced that it has secured a new capital raise totaling $33.5 million from a combination of equity and debt. The Series B funding is led by Park West Asset Management, a Northern California-based investment management firm, with participation from Climate Capital, My Climate Journey, and ​​David Helgason, Founder and ex-CEO of Unity Technologies, along with existing investors Union Square Ventures, Congruent Ventures, and National Grid Partners. Silicon Valley Bank funded the debt portion of the capital raise. Leap will leverage this capital to scale and develop its platform to meet the growing demand for market-driven grid services in markets across North America and beyond.