# Eli Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eli-technologies

- Industry: Software
- Headquarters: Sacramento, US
- Website: www.eli.build/
- Total disclosed funding: $6.8M
- Latest round: Seed (Jan 31, 2024)
- Investors on record: 7

## About

Eli Technologies, Inc. is a US-based company specializing in an incentive management platform that simplifies the identification and navigation of home energy incentives for contractors, installers, and homeowners.Founded in 2023 and headquartered in Sacramento, US, Eli Technologies, Inc. provides innovative solutions for managing home energy incentives. The company was co-founded by Adrian Balso and Eduardo Del Balso. Eli Technologies raised USD 6.84 mn in Seed funding on January 31, 2024, co-led by Spero Ventures and Lowercarbon Capital, with participation from multiple investors. The total amount raised by the company is USD 6.84 mn, resulting in a current valuation of USD 17.90 mn.Eli Technologies offers a comprehensive incentive management platform designed to simplify the navigation of home energy incentives. Central to their offerings is an eligibility screening and requirement matching tool that allows contractors, installers, and incentive providers to quickly identify available incentives for their projects. This platform facilitates efficient project management while helping users track the status of their applications and payments through a single portal, serving a diverse client base across the United States.Eli Technologies operates on a revenue model that emphasizes streamlined workflow automation for contractors and incentive providers. The company’s transactions typically occur through subscription-based services that grant users access to its incentive management tools and functionalities. Clients engage with Eli’s platform to efficiently manage their incentive applications, benefiting from features such as automatic eligibility screening and progress tracking. While specific pricing details are not disclosed, the company focuses on enabling timely payments and reducing administrative burdens to enhance client satisfaction.The recent Seed funding of USD 6.84 mn will support Eli Technologies' goals in decarbonization across the US. The company plans to expand its offerings with new products aimed at enhancing its service capabilities in the incentive management sector. Additionally, Eli Technologies is exploring expansion into new geographic markets within the United States, aiming to establish a broader presence by the end of 2024.

## Funding rounds

- Seed, Jan 31, 2024, $6.8M — Spero Ventures, Lowercarbon Capital, Untapped Capital, Rally Cap, Looking Glass Capital, New System Ventures, Leap Forward Ventures

## Investors

- Spero Ventures (https://capitalatlas.ai/funds/spero-ventures) — Seed
- Lowercarbon Capital (https://capitalatlas.ai/funds/lowercarbon-capital) — Seed
- Untapped Capital (https://capitalatlas.ai/funds/untapped-capital) — Seed
- Rally Cap (https://capitalatlas.ai/funds/rally-cap) — Seed
- Looking Glass Capital (https://capitalatlas.ai/funds/looking-glass-capital) — Seed
- New System Ventures (https://capitalatlas.ai/funds/new-system-ventures) — Seed
- Leap Forward Ventures (https://capitalatlas.ai/funds/leap-forward-ventures) — Seed