EnTouch Controls, a Richardson, TX-based provider of facility asset and energy management intelligence platform, completed an $8m Series C funding round.
The round was led by Egis Capital Partners with participation from new investors Traverse Venture Partners, Aster Capital and Calvert Investments along with existing investors SJF Ventures and Trailblazer Capital. As part of the transaction, Robert Chefitz, Managing Partner of EGIS Capital, will join the company’s board of directors. Martin Aares, Partner and Co-Founder at Traverse Venture Partners and Kevin Deneen, Associate at Aster Capital will also join the board as observers.
The company intends to use the funds to expand its sales and marketing team.
Led by Greg Fasullo, CEO, EnTouch Controls leverages provides the cloud-based EnTouch 360™ platform, which leverages predictive analytics and energy management software coupled with wireless control systems to assess and control energy consumption and expenditure. A team of experts is dedicated to enabling clients to improve operational efficiencies and reduce energy consumption.
The company currently supports over 4000 locations in diverse industries including retail, restaurant, grocery, real estate, healthcare, and hospitality.