|
|
|
|
|
Retail Energy Shopping Platform Secures $3.25 Million In Series A Funding, Will Help To White Label Service
The following story is brought free of charge to readers by EC Infosystems, the exclusive EDI provider of EnergyChoiceMatters.com
WattBuy, an online electricity marketplace and broker, today announced it has raised $3.25 million in its Series A round of funding led by Evergy Ventures.
Additional investors include Updater, Avesta Fund, Yoav Lurie, John Sherman, and Bill Gatreaux.
Existing investors also participating in this round include Fort Ventures, Techstars Ventures and Powerhouse Ventures.
"These funds enable us to expand our turnkey API offering within market leading real estate platforms like Updater as well as personal finance companies and energy services businesses. We’re enabling enterprises to launch their own renewable electricity marketplaces that can increase value to their existing customers," said Naman Trivedi, CEO and co-founder of WattBuy.
WattBuy said that funding from this round will also aid in improving the machine learning model used in its previously reported (story here) launch of a calculator to estimate the electricity cost and carbon footprint impact for nearly every home in the United States. This calculator incorporates several open and proprietary data sources to build a machine learning model that takes location, building characteristics, and weather data as inputs, and returns an hourly electricity usage prediction.
Since its founding in 2017, WattBuy has raised a total of $5 million in venture funding. The company closed its $1.5 million seed round in July 2019.
ADVERTISEMENT Copyright 2010-20 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
November 18, 2020
Email This Story
Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Senior Energy Advisor
• NEW! -- Financial Analyst -- Retail Supplier -- DFW
• NEW! -- Sr. Energy Intelligence Analyst
• NEW! -- Channel Partner Sales Manager -- Retail Supplier
• NEW! -- Sr. Billing Analyst -- Retail Supplier
• NEW! -- Director of Regulatory Affairs -- Retail Supplier -- Houston
• NEW! -- Energy Pricing Analyst -- Houston
• NEW! -- Retail Energy Account Executive -- Houston
• NEW! -- Sr. Sales Executive -- Retail Supplier
|
|
|
|