Omnidian eyes expansion plan with $87 million funding round
Solar asset assurance provider Omnidian wants to expand and scale, and it has secured a more than $87 million funding commitment to do so. The funding round was led by B Capital, a global multi-stage investment firm with a strategic partnership with the Boston Consulting Group.
“This investment fortifies our foundation and propels us into an exciting new phase of growth, enabling us to deliver unmatched value to our clients and the solar energy industry at large,” said Mark Liffmann, CEO of Omnidian. “We’re thrilled to welcome B Capital as our lead investor in this round, alongside meaningful investment from the Marunouchi team and continued support from our longstanding partners, which I’m deeply grateful for.”
Omnidian expansion plans
Omnidian’s mission is to increase the uptime of clean energy assets, and its model seems to be working: Ominidian’s revenue has more than tripled from 2022 to 2024, with a trailing 12-month gross revenue retention rate.
With this infusion of capital, Omnidian will prioritize three strategic initiatives to drive scalable and sustainable growth through 2025 and beyond:
- Scaling core operations to meet growing demand for post-installation clean energy solutions while enhancing client satisfaction with seamless service delivery.
- Geographic expansion into high-potential markets, including deeper growth in Australia and opportunities in new markets.
- Exploring new product ecosystems and product lines, such as electric vehicle (EV) charging infrastructure and commercial energy storage solutions.
Omnidian recently signaled their continued expansion internationally through the acquisition of an industry-leading solar service provider in the APAC region, and the company continues to explore opportunities to expand into other key solar and storage markets, to provide a singular trusted solution for international clients.
Funding details
In addition to B Capital, this investment includes participation from existing Omnidian investors Activate Capital, Liberty Mutual Investments, National Grid Partners and WIND Ventures, as well as new investors such as, B Capital, Marunouchi Innovation Partners (“Marunouchi”), BNP Paribas Solar Impulse Venture Fund, Citi Impact Fund and Alumni Ventures.
The mix of investors shows a continued confidence in Omnidian’s position as performance assurance company for distributed renewable energy resources.
“Omnidian’s unique platform and leadership in the fast-growing clean energy sector, paired with a team deeply focused on client success, operational excellence and talent, gives us great confidence in their ability to scale,” said Jeff Johnson, General Partner at B Capital. “We’re excited to partner with a company that’s not only leveraging AI and advanced analytics to unlock value for investors but has also prioritized commercial scalability from day one. Their proprietary machine learning solutions are driving real impact across the industry.”
Nomura Greentech acted as exclusive financial advisor to Omnidian, and Gunderson Dettmer acted as legal counsel.
