EnTouch Controls, a Richardson, Texas-based provider of cloud-based energy management systems for restaurant and retail chains, raised $8.25m in Series B equity and debt financing.
The round was led by SJF Ventures with participation from new investor NRG Energy, Inc., and existing investor Trailblazer Capital. It also included an expanded debt facility from Comerica Bank’s Technology and Life Sciences division.
The company intends to use the capital to expand its energy management service offerings, accelerate development of energy analytics and load curtailment tools and add to its sales and support staff to serve its set of national chain restaurant and retail customers.
Led by Greg Fasullo, CEO, EnTouch Controls provides a software-as-a-service (SaaS) automation system specifically designed for retrofit applications. The company provides the EnTouch 360°™ platform that integrates installation, management analytics, and issue ticketing and resolution tracking that detects HVAC maintenance issues, optimizes performance and lowers energy costs for national chains, franchise owners, schools and offices.