David Energy, a Brooklyn, NY-based energy provider, closed its $1.5m pre-seed funding round.
The round was co-led by Box Group and Greycroft. Great Oaks, Oceans, and a group of strategic angel investors including Zach Weinberg, Nat Turner, and Kiran Bhatraju also joined the round.
The company intends to use the funds to continue to expand operations and its dev efforts.
Founded by CEO James McGinniss, Brian Maxwell, and CTO Ahmed Salman. David Energy has developed a proprietary software platform that utilizes machine-learning to act as the Energy Operating System for buildings and modernize how customers purchase energy. Used by commercial and industrial owners and operators, the company’s platform was developed to streamline wholesale energy purchasing, report sustainability metrics and optimize Distributed Energy Resources such as smart thermostats, battery storage, and solar according to a building’s unique needs.