ConnectDER
Latest round
- Series D
Last raised
- Dec 2024
Total raised
- $76M
Investors
- 13
About ConnectDER
ConnectDER, founded in 2011 in Philadelphia, US, simplifies the connection of solar and EV technologies at residential meter sockets. CEO Whitman Fulton, who is also the Founder, has not publicly stated prior ventures.ConnectDER specializes in simplifying the integration of solar panels and electric vehicle (EV) chargers into residential properties through their innovative meter socket adapters (MSAs). These products allow for rapid and cost-effective connections without the need for extensive electrical upgrades, making clean energy more accessible to homeowners. By facilitating the interconnection of solar and EV technologies directly at the meter socket, ConnectDER addresses common barriers such as outdated wiring and undersized electrical panels, which often hinder adoption in lower-income communities. Their offerings have gained traction across various regions in the United States, particularly where utility partners like Austin Energy provide services.ConnectDER generates revenue primarily through the sale of its UL-Listed meter socket adapters designed for both solar and EV installations. Typically, transactions occur through partnerships with solar installation companies and utilities, which integrate ConnectDER’s products into their service offerings. The pricing structure for these products is designed to ensure affordability, with homeowners reportedly saving an average of USD 1,000 in installation costs compared to traditional methods. Additionally, the company collaborates with licensed electricians who facilitate the installation of their products, further enhancing the ease of use and market reach. The company aims to expand its market presence into new geographic regions, targeting specific areas in the US where demand for solar and EV integration is growing. ConnectDER’s strategic focus on innovation and market outreach is set to bolster its position in the clean energy landscape.
Who invested in ConnectDER
13 investors across 5 rounds
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Questions about ConnectDER
Who invested in ConnectDER?
ConnectDER has 13 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has ConnectDER raised?
ConnectDER has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did ConnectDER last raise money?
ConnectDER's most recent round on record is a Series D, in Dec 2024.
What does ConnectDER do?
ConnectDER, founded in 2011 in Philadelphia, US, simplifies the connection of solar and EV technologies at residential meter sockets.
Where is ConnectDER headquartered?
ConnectDER is headquartered in Philadelphia, US.
Which VCs invest in companies like ConnectDER?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back electronics companies at ConnectDER's stage. Their profiles are linked below.
VCs backing electronics startups at Series D
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