EnergySavvy raised $14 million in a Series D round to expand energy-efficiency program management and move into a broader suite of offerings for utility customers.
The round was led by GXP Investments. It also included the investment affiliate of Great Plains Energy, the parent company of Kansas City Power and Light, and Inherent Group. Existing investors Prelude Ventures and EnerTech Capital joined as well. The Series D more than doubles the company’s funding total to just over $26 million.
The Seattle-based startup expanded its enterprise energy-efficiency platform for monitoring contractor performance and utility efficiency program performance.
The newest additions to the platform are tools to help utilities better target and execute programs such as tree trimming, equipment leasing or selling distributed energy resources.
“Our theory is that you need to use the same calculation engine consistently across all customer interactions,” said Scott Case, chief operating officer for EnergySavvy. Very often, different programs are run by different siloed departments using different software.
+Info and Source: https://goo.gl/ZVONU5