WattCarbon, a San Francisco, CA-based energy decarbonization company, raised $4.5M in Seed funding.
The round was led by True Ventures, with participation from Village Global, Jetstream, Not Boring Capital, Keiki Capital, Rick Stratton, Chris Vargas, Greensoil PropTech Ventures, Nexus Labs, and Andrew Karsh.
The company intends to use the funds to accelerate growth and expand operations.
Led by CEO McGee Young, WattCarbon is a clean energy platform that connects organizations to 24/7 carbon free distributed energy resources. Its marketplace offers a wide range of procurement options, including renewable energy, demand response, and electrification projects. Participating suppliers in the WattCarbon market include renewable energy developers like Pivot Energy, demand response aggregators like Leap Energy, energy retailers like Branch Energy, and electrification companies like Elephant Energy. WattCarbon’s Virtual Power Plants (VPPs) allow energy consumers to offset their energy use on a time and locational basis from renewable energy projects, demand response dispatch, and electrification projects sourced from their own communities, turning local buildings into decarbonization assets.
FinSMEs