
October 24, 2023
Rhizome, which makes software to help utilities navigate climate risks, has raised a $2.5 million round.
Why it matters: The funding marks the startup's official launch, at a time when utilities are seeing more extreme weather and soaring demand for clean electricity.
Investors in the seed round for the Washington, D.C.-based company included Looking Glass, Intelis Capital, Jetstream, El Cap, Streetlife, Everywhere, and Stepchange.
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