EnergySavvy, a Seattle, WA- and Cambridge, MA-based provider of energy efficiency cloud software to utilities and state programs, raised $7m in funding.
The round was led by Prelude Ventures, with participation from existing investor Pivotal Investments. In conjunction with the funding, Prelude’s Managing Director Tim Woodward joined EnergySavvy’s board of directors.
The company intends to use the funds to accelerate product development and expand sales and marketing.
Led by Aaron Goldfeder, CEO and Co-Founder, EnergySavvy provides utilities with a cloud-based platform, Optix, which uses real-time data analytics to engage customers, contractors and trade allies while optimizing program performance.
The company has 24 utility and program clients in more than 20 states.