Washington-based renewable energy procurement platform LevelTen Energy has secured $20.5 million in a Series B financing round led by venture capital firm Prelude Ventures. 

Constellation Technology Ventures, Equinor Energy Ventures, Total Ventures, Avista Development, Element 8 Fund, Founders’ Co-op, Techstars Ventures and Wireframe Ventures also participated in the round.

In conjunction with the funding, which brings the company’s total investment raised to date to $27.3 million, Prelude Ventures will join LevelTen Energy’s board of directors.

LevelTen Energy will use the net proceeds from the financing to hire new employees, for product development, and global extension.