LandGate Raises $10 Million in Series B Funding

Leading American marketplace LandGate announced that the company has raised $10 million in Series B funding. A subsidiary of clean energy company NextEra Energy Resources led the round.

The Series B round consisted of participation from private equity firm Kimmeridge. Landgate will utilize the capital infusion to enhance its product suite, with a particular focus on solutions catering to financial institutions.

With the completion of this funding round, LandGate has raised a total of $19 million in debt and equity.

Participants in the American $4-trillion per year energy and environmental land resources market are plagued by insufficiency of accurate data solutions and market intelligence for land, which holds back stakeholders across the market from making informed decisions about land transactions.

With LandGate, customers ranging from global financial firms looking to optimize their clean energy holdings to landowners across the U.S. have the ability to determine comparative values of the full spectrum of resources and potential royalties for every parcel of land in the United States.

“LandGate is at the intersection of climate tech and prop tech,” said Yoann Hispa, CEO and Co-Founder, LandGate. “This investment from NextEra Energy Resources and Kimmeridge opens a new relationship for the wider deployment of our technology and disruptive business model, building upon our initial momentum from a Series A investment from Rice Investment Group. We are now poised to continue our mission to empower every capital allocator, developer, real estate agent, and landowner to properly value and exchange land resources, bringing greater efficiency to this critical market.”

To meet the systemic shift in market expectations toward clean energy, LandGate is launching a new dashboard, targeted specifically at the capital market's user base.

As of the first quarter of 2022, LandGate had already facilitated over $300 million of land resource deals nationwide across transactions for the development of solar, wind, carbon, minerals, mining, electric vehicle (EV) charging, and water resources.