# Enact Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enact-systems

- Industry: Software
- Headquarters: Pleasanton, US
- Website: www.enact-systems.com
- Total disclosed funding: $7.4M
- Latest round: Series A (Aug 26, 2022)
- Investors on record: 4

## About

Based in California, US, and founded in 2014 by CEO Deep Chakraborty, and Manasij Kar, Enact Systems Inc., a.k.a. Enact is a software company that provides a single business platform, enabling sales teams to design, price, and sell remotely, finalize contracts and track project execution as well as end-customers to manage their solar and energy storage transition and track financial outcomes. In September 2022, Enact Systems raised USD 11.5 million in series A funding led by Energy Growth Momentum, with participation from Alumni Ventures Group, Arka Venture Labs, and NB Ventures.

Enact provides cloud software that allows installers to speed up sales and project execution, delivering high-performing solar and energy storage systems as well as enabling remote design using satellite images, proposals with detailed pricing, energy analytics, and project management. For homeowners, the software offers independent analysis and personalized recommendations to make the most of their solar and storage journey. In addition, the company provides Enact Engage, a mobile application that allows users to see how their solar and energy storage system is functioning in real time.

Enact generates revenue from the subscription of its software packages, which includes a starter plan (USD 110 per user per month) and a scale-up plan (USD 165 per user per month) for the installer.

The company plans to use its proceeds from September 2022 funding to accelerate its plan to support the global climate transition and boost the adoption of renewable generation globally.

## Funding rounds

- Series A, Aug 26, 2022, $7.4M — Alumni Ventures Group, Energy Growth Momentum, NB Ventures, Arka Venture Labs

## Investors

- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Energy Growth Momentum (https://capitalatlas.ai/funds/energy-growth-momentum) — Series A
- NB Ventures (https://capitalatlas.ai/funds/nb-ventures) — Series A
- Arka Venture Labs (https://capitalatlas.ai/funds/arka-venture-labs) — Series A