Broker Affiliated With TXU Raises Series B Funding, Sets Texas Market Entry

EnergyBot, a trade name of Blitz Ventures, announced that it successfully raised a new round of series B funding.

"This round of funding was led by a group of strategic investors in the energy industry," the company said

"In addition to adding new markets like Texas, this will allow us to bring on new suppliers and technology platforms," said Dan Schilens, Chief Operations Officer at EnergyBot.

EnergyBot's entry into the Texas electric market had exclusively been first reported by EnergyChoiceMatters.com last month. As previously reported, EnergyBot is an affiliate of TXU Energy and various other Vistra Energy companies

The new round of funding will be used to expand into new markets and grow the product offering. Specifically, the areas that the company will focus on are:

• Expansion into the Texas energy market

• New data sources and algorithms for better end-user pricing

• Add new marketing channels

"This round of funding will allow EnergyBot to continue its growth trajectory and product expansion," said Fred Purches, Chief Product Officer at EnergyBot.