Hara Raises $25M in Series C Funding

Hara, a San Mateo, CA-based provider of environmental and energy management software, has received $25m in Series C funding.

Investors include Energy Technology Ventures, a joint venture of GE (NYSE: GE), NRG Energy (NYSE: NRG) and ConocoPhillips (NYSE: COP), and ITOCHU Technology Ventures (ITV), as well as existing shareholders Kleiner Perkins Caufield & Byers (KPCB), JAFCO Ventures and Nth Power and new backers Focus Ventures and Navitas Capital.

This round brings the total amount raised by the company to date to $45m.

Hara intends to use the funding to accelerate global expansion and product innovation. To this end, KPCB managing partner Ray Lane has joined Hara’s board of directors as chairman.

The Hara™ Environmental and Energy Management (Hara EEM) solution is designed to enable organizations to optimize natural resource consumption and minimizing environmental impact. Customers include organizations such as ADWEA, Aerojet, Akamai, City of Las Vegas, City of Palo Alto, City of Philadelphia, Coca-Cola, Diebold, Hasbro, Intuit, EMD Millipore, News Corporation, Safeway and U.S. Bank.

Founded in 2007 and led by CEO Amit Chatterjee, the company has more than 60 employees.



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