# En-Powered

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/en-powered

- Industry: Power & Utilities
- Headquarters: Kitchener, Canada
- Website: www.getenpowered.com
- Total disclosed funding: $9.4M
- Latest round: Seed (Nov 9, 2021)
- Investors on record: 6

## About

En-Powered Inc. delivers innovative energy management solutions that help businesses optimize energy consumption and generate revenue through advanced technology and expert guidance.Founded in 2015 by Tomas van Stee, En-Powered Inc. is based in Kitchener, Canada. The company focuses on energy management solutions, having successfully raised CAD 9.4 million in Seed funding on November 9, 2021, led by Inovia Capital, with participation from Golden Ventures. En-Powered Inc. has completed a total of 3 deals since its inception.EnPowered specializes in providing energy management solutions designed to optimize energy use and generate revenue for businesses across various sectors. The company's core offerings include AI-assisted peak demand forecasting, Demand Response program management, and tailored financing solutions, which enable clients to effectively participate in energy market programs. These services are aimed at helping businesses reduce their energy costs while improving operational efficiency, thereby addressing the challenges associated with peak load management. EnPowered serves a diverse clientele across North America, including industries such as manufacturing, commercial real estate, and utilities. By leveraging advanced technology and expert guidance, EnPowered empowers its clients to maximize their energy assets and capitalize on market opportunities.EnPowered generates revenue primarily through partnerships and service agreements with businesses participating in energy management programs. Transactions typically involve a fee structure tied to the savings achieved through peak demand management and participation in Demand Response initiatives. Clients engage with EnPowered on a B2B basis, entering into contracts that outline the specific terms of service and pricing for the various solutions provided. While the exact pricing plans are not publicly disclosed, the company's services are designed to yield measurable financial benefits for clients, such as reduced energy costs and enhanced revenue streams. The emphasis on customized solutions and strategic partnerships further supports EnPowered's revenue model, facilitating seamless integration of its services into clients' existing operations.In November 2021, En-Powered Inc. raised CAD 9.4 million in Seed funding, which will be utilized to support the growth of its newly launched payments platform and accelerate its expansion plans into the US market. The company aims to enhance its product offerings and explore new market opportunities, strengthening its position in the energy management sector.

## Funding rounds

- Seed, Nov 9, 2021, $7.5M — Inovia Capital, Golden Ventures
- Seed, Feb 1, 2020, $1.9M — Union Capital Associates, Golden Ventures, Version One Ventures, First Star Ventures, Panache Ventures

## Investors

- Union Capital Associates (https://capitalatlas.ai/funds/union-capital-associates) — Seed
- Golden Ventures (https://capitalatlas.ai/funds/golden-ventures) — Seed
- Version One Ventures (https://capitalatlas.ai/funds/version-one-ventures) — Seed
- First Star Ventures (https://capitalatlas.ai/funds/first-star-ventures) — Seed
- Panache Ventures (https://capitalatlas.ai/funds/panache-ventures) — Seed
- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Seed