EnergyWatch, a NYC-based provider of a SaaS based energy management solution, received an investment from Community Fuel Investment Partners.
The amount of the deal was not disclosed. Community Fuel Investment Partners is the latest private equity vehicle of Corporate Fuel, a NYC based boutique investment bank focused on backing middle market businesses. Two of Corporate Fuel’s executives, John Simons and Russ Fein, will now join the EW Board of Directors.
Led by Diana Sweeney and Jay Raphaelson, Andy Anderson, and Syed Huda, who will continue in their management roles and also retain significant equity interests in the company, EnergyWatch provides utility data analytics and reporting solutions for multiple real estate markets: commercial and corporate real estate, industrial and manufacturing, big box retail, education, government facilities and others.
Its watchwire platform provide descriptive, predictive, and prescriptive analytics and tools to identify and analyze the interactive effects of operational and capital improvements on utility supply and delivery costs, measure, verify, and report on key performance indicators, strategically procure energy and understand energy rates, and summarize the results for key decision makers.