GreenWave Reality Closes $19M in Series B Funding

GreenWave Reality, an Irvine, Calif.-based provider of Home Energy Management solutions, closed $19m in Series B funding.

The round was led by The Westly Group with participation from existing investor Craton Equity Partners.

The company, which has raised $31m to date, intends to use the funds to accelerate the rollout of its platform through its global partners and scale up operations.

Founded in 2008 and led by Greg Memo, CEO, GreenWave Reality provides consumers with home energy management solutions. Its Home2Cloud platform allows consumers to connect and manage all of their “things” that are or will be connected to the Internet such as smartphones, TVs, routers and smart appliances enabling them to access rich cloud based applications and services.
The company also offers services including Connected Lighting, Home Monitoring and Energy Management.
Customers include service providers, lighting manufacturers, and utilities.

GreenWave Reality has 150 employees in California, Copenhagen, Denmark and Singapore.

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