Commercial Land Resource Data Provider Raises $10M

LandGate, a marketplace for land-related resources, recently closed a $10 million Series-B round, bringing total funding in debt and equity of $19 million, according to the company. Startup data site Crunchbase pegs the equity portion at a total of $12.5 million.

Leading the latest round was NextEra Energy Resources, a subsidiary of Nextra Energy, a major electric utility that brands itself as a clean energy company, although according to a 2020 SEC filing, 73% of its net power generation was from natural gas and 2% from coal. Private equity firm Kimmeridge also participated in the round.