EnergySavvy, a Seattle, WA- and Cambridge, Mass.-based provider of cloud solutions for the utility sector., received an additional $1.25m funding.
EnerTech Capital and El Dorado Investment Company, the investment arm of PinnacleWest Capital Corp., made the investment. In conjunction with the funding, Dean Sciorillo of EnerTech Capital joined EnergySavvy’s board of directors.
The company, which announced a $7m round in May 2014 (read here), intends to use the funds to scale engineering and sales and is hiring.
Led by Aaron Goldfeder, CEO and co-founder, EnergySavvy provides utilities and their partners with Optix, a demand-side management system which uses real-time data analytics to engage customers, contractors and trade allies while optimizing program performance.
The company has 24 utility and program clients in more than 20 states.
FinSMEs
02/07/2014