Odyssey Raises $15M in Series A Funding


Odyssey, a Boulder, CO-based provider of a business-in-a-box software platform for distributed energy in emerging markets, raised $15M in Series A funding.

The round was led by Union Square Ventures, with participation from Equal Ventures, Twelve Below, Transition, Equator, MCJ Collective, Abstract Ventures, Founder Collective and Climate Capital.

The company intends to use the funds to continue expansion of its key product offerings and expand into new markets, including Latin America and Asia. 

Led by CEO Emily McAteer, Odyssey provides renewable energy companies and financiers with a tool suite to scale project development across the project lifecycle: planning, financing, procurement and operations. The company is facilitating more than $1.3B of capital for the distributed energy sector, with more than 2,000 companies on the platform, with financing available from development finance institutions, donors, international and regional banks, infrastructure funds, and other types of capital providers. 

Earlier this year, Odyssey launched their procurement marketplace, Odyssey Procure, across Nigeria, South Africa and East Africa. Odyssey Procure offers a digital, streamlined procurement solution for renewable energy companies to unlock better pricing, equipment finance, and faster lead times.