Voltus, Inc., a San Francisco, CA-based provider of cash-generating energy products, closed on a $10.1m investment.
Backers included Prelude Ventures and a family office represented by Energy Innovation.
The company intends to use the funds expand its offering.
Led by CEO Gregg Dixon, Voltus provides a cloud-based suite of energy management products and services that deliver cash to commercial, institutional, and industrial customers at no-cost and no-risk in a single page agreement. It works by enabling customers to sign up and every quarter the company delivers dollars.
Voltus makes money when customers make money by sharing the cash generated from working together.