# Cadenza Innovation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cadenza-innovation

- Industry: Energy Storage & Batteries
- Headquarters: Wilton, US
- Website: www.cadenzainnovation.com
- Total disclosed funding: $5M
- Latest round: Series A (Jul 18, 2016)
- Investors on record: 3

## About

Cadenza Innovation Inc. focuses on innovative energy storage solutions, utilizing proprietary lithium-ion battery technology to enhance power backup and sustainability for various commercial and residential applications.Founded in 2012 in Wilton, US, Cadenza Innovation Inc. specializes in advanced energy storage systems. The company has successfully completed two deals, with its most recent funding round occurring on December 3, 2018, raising USD 3.34 mn. The CEO and founder, Christina Lampe-Onnerud, has a history of involvement in energy technology ventures.Cadenza Innovation specializes in advanced energy storage systems, primarily through its proprietary lithium-ion battery technology. Their core offerings include modular battery energy storage systems (BESS), designed to provide high safety, reliability, and energy density for various applications, including utility-scale, commercial, industrial, and residential markets. The energy storage solutions are intended for power backup in hybrid, off-grid, and grid-connected telecom sites, effectively integrating with renewable energy sources such as solar and wind. Notable products include the Cadence series UPS, which offers scalable power backup solutions and features a hybrid inverter with integrated charger for instantaneous response to outages. Cadenza's solutions are tailored for clients across diverse geographical markets, including North America and other regions looking to enhance energy resilience and reduce electricity costs.Cadenza Innovation generates revenue through the sale and deployment of its energy storage systems and related services. The company engages in direct transactions with commercial, industrial, and utility clients, providing tailored energy solutions that meet specific client requirements. Revenue streams include one-time sales of energy storage systems, ongoing maintenance services, and potential partnerships within the energy sector. The pricing structure for their flagship products, such as the Cadence UPS and modular battery systems, is designed to provide competitive alternatives to legacy lead-acid technologies, ensuring long-term value for customers. These offerings are positioned to appeal to various sectors, facilitating the adoption of sustainable energy practices while ensuring robust backup power capabilities.Cadenza Innovation plans to leverage the funds raised in December 2018, amounting to USD 3.34 mn, to accelerate the development of new products, enhance its energy storage technology, and expand market reach. Specific targets include entering new geographic regions and sectors by the end of 2021, which will help diversify its client base and strengthen its presence in the energy storage market.

## Funding rounds

- Series A, Jul 18, 2016, $5M — Connecticut Innovations, Golden Seeds, Scale Investors

## Investors

- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Series A
- Golden Seeds (https://capitalatlas.ai/funds/golden-seeds) — Series A
- Scale Investors (https://capitalatlas.ai/funds/scale-investors) — Series A