Phoenix Energy Technologies, an Irvine, CA-based provider of Enterprise Energy Management (EEM) software and services, has secured a $5m financing.
Backers include Five Peaks Capital Management and Bluff Point Associates.
The company intends to use the funding to strengthen its position in the enterprise energy management (EEM) market.
Founded in 2004 by CEO Lisa M. Varga, Phoenix Energy Technologies works with retail, university and commercial customers in the U.S. and Canada to diagnose opportunities and implement strategies that reduce energy consumption and costs.
Its SaaS platform, EnterpriseDX, is designed to facilitate the automation and integration of all data sources impacting energy consumption and costs, providing Energy Management and Facilities Maintenance executives with real-time visibility into building operations. At the same time, the company’s services teams evaluate customer data using the EnterpriseDX platform to define and take action on savings opportunities.
Phoenix Energy Technologies also has an East Coast office in Bridgewater, NJ.