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Brooklyn-based GIS and data platform, Paces, has raised $11 million in a Series A funding round led by Navitas Capital, with contributions from Suffolk Technologies, MCJ Collective, Resolute Ventures, Soma Capital, and Y Combinator. This investment will enhance Paces' software solutions, accelerating renewable energy project development by streamlining site selection and due diligence processes. The funding aims to expand the Permitting Predictor tool across the U.S., providing developers with comprehensive and detailed assessments to mitigate risks effectively. Paces is committed to optimizing land use for climate-positive development, supporting a sustainable energy future. Join us to learn more about Paces' innovative approach and its impact on the clean energy infrastructure ecosystem.
Original article posted on July 24, 2024