Noesis Energy Closes $8M Series B Funding

Noesis Energy, an Austin, Texas, and Cambridge, Ontario, Canada-based operator of a free website that combines big data services and energy analytics to help commercial building and energy professionals control their energy costs, has closed an $8m Series B funding.

The amount of the transaction was not disclosed.

The round was led by Black Coral Capital, with additional investment from Austin Ventures.

Led by Scott Harmon, founder and CEO, Noesis Energy lets end users better understand their energy use and costs so they can make more informed energy decisions, such as implementing a lighting upgrade or switching rate plans. The site, which is emerging from a five-month beta program, now boasts more than 4,400 buildings and 380 million square feet registered, representing building portfolios across commercial real estate, retail, hospitality, state/local government and other vertical industries.
Noesis Free, which is available today, provides basic tools for energy performance tracking, reporting and online collaboration. Noesis Pro, which will be available in the fourth quarter of 2012, delivers advanced analytics, measurement and verification for improving energy performance and driving more projects to completion. Key features include:

In conjunction with the funding, Black Coral partner Rob Day will join the company’s board of directors.



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