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Turntide Technologies exceeds $1bn valuation following $80m funding round round led by OGCI CI and SEEIT

Turntide Technologies (Turntide), a developer of breakthrough electrification and sustainable operations technologies, has secured $80 million in equity funding, valuing the company at over $1 billion, making it one of a handful of climate tech companies to achieve unicorn status in the first half of 2022.

Participation in the round includes new investments from OGCI Climate Investments (OGCI CI) and SDCL Energy Efficiency Income Trust (SEEIT), with follow-on investments from Fifth Wall and Meson Capital’s Captain Planet LP fund. 

This funding brings the total amount of capital raised to $485 million. 

Turntide is also backed by a global coalition of climate-focused investors, including Amazon Climate Pledge Fund, JLL, BMW i Ventures, Breakthrough Energy Ventures, Canada Pension Plan Investment Board, Robert Downey Jr’s FootPrint Coalition, and Keyframe Capital.

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