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FINANCIAL | Investment Firms & Funds
cambercreek.com

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Investments

56

Portfolio Exits

6

Funds

6

Partners & Customers

1

About Camber Creek

Camber Creek, formerly Berman Venture Capital, is the corporate venture arm of Berman Enterprises, a real estate development firm that owns and manages over 7 million square feet of office and retail properties. Camber Creek leverages 60 years of real estate experience and entrepreneurial spirit to help passionate people with great ideas develop valuable products and solutions. In addition to financial investment, we utilize our expertise, access to industry partners, and collaborative spirit to contribute to the success of our companies.

Camber Creek Headquarter Location

5410 Edson Lane Suite 220

Rockville, Maryland, 20852,

United States

301-816-1555

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Camber Creek

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Camber Creek in 2 Expert Collections, including Real Estate Tech.

R

Real Estate Tech

39 items

D

Disrupting Real Estate

48 items

Based on CB Insights Research Brief: https://www.cbinsights.com/blog/real-estate-tech-startups-market-map/

Camber Creek Web Traffic

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Page Views per Million (PVPM)
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Latest Camber Creek News

Arcadia Raises $100M Series D to Democratize Access to Clean Energy

Sep 21, 2021

Investment led by Tiger Global and the Drawdown Fund, with participation from new investors Wellington Management, Reimagined Ventures, Camber Creek, MCJ Collective, and existing investors Energy Impact Partners, G2 Venture Partners, Inclusive Capital, and BoxGroup Funding scales business to meet the rapidly growing community solar market and supports new product innovation to digitize and expand clean energy access September 15, 2021 08:15 AM Eastern Daylight Time WASHINGTON--( BUSINESS WIRE )-- Arcadia , the climate-crisis-fighting technology company unlocking nationwide access to energy data and renewables, today announced a $100 million Series D funding round led by Tiger Global Management and the Drawdown Fund with participation from new investors Wellington Management, Reimagined Ventures (the family office of Alec Litowitz, founder of Magnetar Capital), Camber Creek, MCJ Collective, and existing investors Energy Impact Partners, G2 Venture Partners, Inclusive Capital, and BoxGroup. Combined with the Company’s previously undisclosed $21 million Series C-1 in December 2020, Arcadia has now raised $180 million in total funding. The new round of capital will be used to accelerate Arcadia's technology roadmap, expanding product capabilities across new verticals including electric vehicles and distributed energy resources to catalyze innovation in the sector, making renewables accessible and affordable for all. In addition, the company will continue to attract top talent, and rapidly scale the Company’s industry-leading community solar portfolio across the residential and business sectors. "For years, utility customers have lacked data and clean energy access because of the monopoly structure. Access to energy data is a critical tool in helping customers navigate rapid electrification in sectors like transportation and home energy generation and storage," said Kiran Bhatraju, CEO and Founder of Arcadia. “This latest validation from our investment partners will enable us to continue to break down the long-existing barriers to cheaper, cleaner energy and better advocate on behalf of customers in our confusing and fragmented energy market." Today’s investment endorses Arcadia’s mission to democratize access to energy data and renewables as an innovative solution to fight climate change. The funding follows a year of rapid expansion for Arcadia, including entering new markets with acquisitions of Real Simple Energy, a Texas retail energy broker focused on customer bill savings, and Nanogrid, which provides personalized data solutions for home energy products. To support its growth, the Company strengthened its executive team with the recent additions of Chief Financial Officer John Rucker (ex-Rent the Runway, Yahoo, and General Assembly) and Chief Data Officer Nancy Hersh (ex-Opower). Among other recent achievements, Arcadia expanded the nation’s largest community solar management portfolio to 500 Megawatts which will prevent more than 11,500,000 metric tons of lifetime carbon from impacting the environment. “Arcadia is leading the way in providing consumers in the US with clean, low-cost energy,” said Evan Feinberg, Partner, Tiger Global. “We’re excited to back the company as they make clean energy more accessible and deepen their relationships with customers.” "Arcadia is a game-changing business for renewable developers and new energy providers,” said Erik Snyder, CEO of the Drawdown Fund. “We expect dramatic growth in community solar and the broader enablement of distributed solar over the coming decade, and we are thrilled to work with a market leader integral to advancing the clean energy revolution.” To learn more about how this funding round will further Arcadia's vision of a 100 percent decarbonized and decentralized energy future, please visit Kiran’s blog post about today’s news. Visit the Arcadia Careers page for opportunities to join the mission. ABOUT ARCADIA Arcadia is a climate crisis-fighting technology company founded in 2014 and born out of a simple idea: everyone deserves access to clean energy. Arcadia is disrupting the fossil fuel monopoly through unprecedented access to energy data and renewable energy sources. The Arcadia Platform fuels the Internet-of-energy revolution by accessing more than 80 percent of US electric utility accounts nationwide and is the largest manager of community solar subscribers in the United States. Arcadia is obsessed with making energy smarter and turning a decentralized, decarbonized power grid from a distant dream into a tangible reality. Join us in our mission and find out how you or your business can help achieve the vision of a 100 percent clean energy future at www.arcadia.com . Contacts

Camber Creek Investments

56 Investments

Camber Creek has made 56 investments. Their latest investment was in Arcadia as part of their Series D on September 9, 2021.

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Camber Creek Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/15/2021

Series D

Arcadia

$100M

Yes

BoxGroup, Drawdown Fund, Energy Impact Partners, G2 Ventures, Inclusive Capital Partners, MCJ Collective, Reimagined Ventures, Tiger Global Management, and Wellington Management

6

7/19/2021

Series A

Jones

$12.5M

Yes

DivcoWest, JLL Spark, Khosla Ventures, Rudin Management, and Sage

4

6/28/2021

Series B

Bowery Valuation

$35M

No

Alpaca VC, Builders VC, CAPITAL One, Fika Ventures, Goldman Sachs Asset Management, Greenspring Associates, Navitas Capital, and Nine Four Ventures

3

6/10/2021

Series C

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$99M

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10

6/10/2021

Series A

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$99M

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10

Date

9/15/2021

7/19/2021

6/28/2021

6/10/2021

6/10/2021

Round

Series D

Series A

Series B

Series C

Series A

Company

Arcadia

Jones

Bowery Valuation

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Amount

$100M

$12.5M

$35M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

BoxGroup, Drawdown Fund, Energy Impact Partners, G2 Ventures, Inclusive Capital Partners, MCJ Collective, Reimagined Ventures, Tiger Global Management, and Wellington Management

DivcoWest, JLL Spark, Khosla Ventures, Rudin Management, and Sage

Alpaca VC, Builders VC, CAPITAL One, Fika Ventures, Goldman Sachs Asset Management, Greenspring Associates, Navitas Capital, and Nine Four Ventures

Sources

6

4

3

10

10

Camber Creek Portfolio Exits

6 Portfolio Exits

Camber Creek has 6 portfolio exits. Their latest portfolio exit was Latch on January 25, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/25/2021

Acq - Pending

$991

7

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

Date

1/25/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acq - Pending

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Companies

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Valuation

$991

Acquirer

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Sources

7

10

10

10

10

Camber Creek Fund History

6 Fund Histories

Camber Creek has 6 funds, including Camber Creek Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/27/2020

Camber Creek Fund III

$155M

4

12/4/2019

Camber Creek Co-Invest

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$99M

10

6/7/2018

Camber Creek Fund VI

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$99M

10

Camber Creek N

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$99M

10

Camber Creek L6

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$99M

10

Closing Date

10/27/2020

12/4/2019

6/7/2018

Fund

Camber Creek Fund III

Camber Creek Co-Invest

Camber Creek Fund VI

Camber Creek N

Camber Creek L6

Fund Type

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Status

Amount

$155M

$99M

$99M

$99M

$99M

Sources

4

10

10

10

10

Camber Creek Partners & Customers

1 Partners and customers

Camber Creek has 1 strategic partners and customers. Camber Creek recently partnered with Patrizia on November 11, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

11/9/2020

Partner

Patrizia

Germany

PATRIZIA expands into North American PropTech VC market

PATRIZIA , a partner for global real assets , has entered into a strategic partnership with the North American PropTech venture capital firm , Camber Creek , by participating in the final close of its Camber Creek Fund III .

1

Date

11/9/2020

Type

Partner

Business Partner

Patrizia

Country

Germany

News Snippet

PATRIZIA expands into North American PropTech VC market

PATRIZIA , a partner for global real assets , has entered into a strategic partnership with the North American PropTech venture capital firm , Camber Creek , by participating in the final close of its Camber Creek Fund III .

Sources

1

Camber Creek Team

1 Team Member

Camber Creek has 1 team member, including current Founder, Managing Director, Casey Berman.

Name

Work History

Title

Status

Casey Berman

Berman Enterprises

Founder, Managing Director

Current

Name

Casey Berman

Work History

Berman Enterprises

Title

Founder, Managing Director

Status

Current

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