# Copper Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/copper-labs

- Industry: Electronics
- Headquarters: Boulder, US
- Website: www.copperlabs.com
- Total disclosed funding: $8.4M
- Latest round: Series A (Mar 15, 2022)
- Investors on record: 8

## About

Based in Colorado, US, and founded in 2016, Copper Labs, Inc. develops wireless devices that enable users to monitor energy usage including electric, water, and gas consumption. The platform also provides real-time updates to the customers. In March 2021, Copper Labs, Inc. raised USD 2 million in seed funding led by National Grid Ventures, with participation from Blue Bear Capital, Bull Creek Capital and Moonshots Capital. Dan Forman is the CEO of Copper Labs, Inc.

Copper Labs provides an energy demand management platform that connects wirelessly to electric, gas and water meters to deliver high-resolution data, including sub-minute intervals. Wireless meter data is collected in real-time and then delivered to the consumer's mobile application, utility's demand management and customer engagement web portal. In addition, the company also provides a utility portal that displays live load data to target messages to consumers based on energy demand and connected distributed energy resources (DERs). Copper Labs uses machine learning to interpret electric, gas and water meter data and create personalized recommendations for energy utility consumers. In addition, the company’s solutions include smart customer engagement for utilities, behavioral demand response, real-time energy insights and grid-edge data for the system.

Copper Labs plans to use its proceeds from March 2021 funding to help electric, gas and water utilities engage consumers with real-time meter data for improved control, with or without smart meters.

## Funding rounds

- Series A, Mar 15, 2022, $3.5M — Blue Bear Capital, Clean Energy Ventures, National Grid Partners
- Seed, Jan 28, 2021, $2M — Moonshots Capital, Blue Bear Capital, National Grid Partners, Bull Creek Capital
- Seed, Nov 21, 2019, $2M — Capital Factory, Service Provider Capital, Moonshots Capital, Blue Bear Capital, Bull Creek Capital
- Seed, Aug 10, 2018, $0.9M — Tahoma Ventures

## Investors

- Tahoma Ventures (https://capitalatlas.ai/funds/tahoma-ventures) — Seed
- Capital Factory (https://capitalatlas.ai/funds/capital-factory) — Seed
- Service Provider Capital (https://capitalatlas.ai/funds/service-provider-capital) — Seed
- Moonshots Capital (https://capitalatlas.ai/funds/moonshots-capital) — Seed
- Blue Bear Capital (https://capitalatlas.ai/funds/blue-bear-capital) — Seed, Series A
- Bull Creek Capital — Seed
- National Grid Partners (https://capitalatlas.ai/funds/national-grid-partners) — Seed, Series A
- Clean Energy Ventures (https://capitalatlas.ai/funds/clean-energy-ventures) — Series A