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.
LandGate plans to use the money to "to enhance its product suite, with a particular focus on solutions catering to financial institutions" and "expand its marketing and sales efforts to increase market penetration across the country."
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