FirstFuel Software, a Lexington, Mass.-based utility SaaS analytics company, secured $8.5m in Series B financing.
Backers included E.ON SE, and existing investors Battery Ventures, Rockport Capital and Nth Power.
The company intends to use the funds for continued expansion in North America, and globally, as well as further development of its platform.
Founded in 2009 and led by CEO Swapnil Shah, FirstFuel provides a platform that featurs remote energy analytics and services, including portfolio efficiency screening, customer engagement, energy audits and performance monitoring and verification.
Its Remote Building Analytics platform uses advanced meter data analytics to identify, enable, and track energy efficiency savings behind the meter in commercial buildings – all without onsite visits or device installations.
22/09/2011: FirstFuel Software Secures $2.4M Initial Financing