Allumia, a Seattle WA-based SaaS commercial energy technology platform, raised $7.5M in Series A2 funding.
The round was led by JW Asset Management with participation from American Electric Power (AEP) and Duke Investments LLC.
The company intends to use the funds to develop its core technology and grow the team.
Led by Founder and CEO Aaron Block, Allumis delivers an Energy Efficiency-as-a-Service platform to the commercial sector, with a software and IoT platform that optimizes and automates the process of financing, developing, metering, and maintaining projects. The technology platform lets utilities deliver and fund efficiency projects to their C&I customers at scale while minimizing costly investments in discovery, project management, metering and verification (M&V), and ongoing service. The solution provides software-based automation across the full project lifecycle, including solution design, project workflow management, document generation and management, project performance monitoring, revenue-grade metering, M&V, monthly billing on behalf of utilities, and long-term maintenance support.
The company provides services directly to commercial and industrial customers nationwide as well as through utility partnerships.
FInSMEs
09/02/2022