The latest D.C.-area unicorn is a climate tech company

D.C.’s Arcadia is the latest area venture to achieve unicorn status — meaning a private company with a valuation of over $1 billion. In the climate tech company’s case, it’s actually blown by that mark to $1.5 billion, the company said, following a massive $200 million Series E investment announced Tuesday.

The round was led by JPMorgan Asset Management’s Sustainable Growth Equity Team, that venture’s inaugural investment. Palo Alto, California’s Triangle Peak Partners also took part…


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