# EnergySavvy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/energysavvy

- Industry: Software
- Headquarters: Seattle, US
- Website: www.energysavvy.com
- Total disclosed funding: $17M
- Latest round: Series D (Oct 12, 2016)
- Investors on record: 9

## About

EnergySavvy Inc. is a clean energy technology firm specializing in customer engagement solutions that optimize energy efficiency and grid management through innovative digital tools and AI-driven insights.EnergySavvy Inc. operates in the clean energy sector, focusing on enhancing grid efficiency through customer engagement technologies. Founded in 2008 in Seattle, US, the company has undergone strategic changes to adapt to evolving energy market dynamics. On May 3, 2019, EnergySavvy was acquired by Tendril Networks, Inc., a notable player in the energy technology domain. The acquisition aimed to bolster EnergySavvy's capabilities within the energy management space. While specific details about the founder's previous endeavors are not available, the company has successfully completed a total of 8 deals, with its last funding round being a SERIES D that raised USD 14.00 mn led by Evergy Pension Plan.EnergySavvy Inc. provides a range of digital solutions designed to improve energy efficiency and manage demand. Their offerings include an open, AI-powered platform that integrates various functionalities such as energy efficiency, electrification, and engagement tools. The company's products, including personalized home energy reports and digital portals, are utilized by utility companies and energy providers primarily in North America, targeting innovative markets like California and New York to respond to growing energy demands.EnergySavvy generates revenue by partnering with utility companies and energy providers, offering subscription-based services that grant access to its technological platform. This revenue model includes fees for client onboarding and ongoing support, along with performance-based incentives linked to energy savings achieved. By tailoring pricing structures to align with client needs, EnergySavvy effectively addresses various energy management objectives, ensuring a sustainable revenue stream from its technological services.EnergySavvy plans to leverage recent funding to expand its product offerings and market reach. Although specific new products are not detailed, the company is poised to explore new markets, particularly targeting additional regions within North America where innovative energy solutions are in demand. The funding secured during the SERIES D round will support the company's strategic initiatives, following its acquisition by Tendril Networks in May 2019.

## Funding rounds

- Series D, Oct 12, 2016, $14M — EnerTech Capital, Evergy Pension Plan, Prelude Ventures, Alumni Ventures Group, GXP Investments, Inherent
- Series B, Aug 2, 2012, $3M — Pivotal Investments, Summit Capital, Northwest Energy Angels

## Investors

- Pivotal Investments (https://capitalatlas.ai/funds/pivotal-investments) — Series B
- Summit Capital — Series B
- Northwest Energy Angels — Series B
- EnerTech Capital (https://capitalatlas.ai/funds/enertech-capital) — Series D
- Evergy Pension Plan — Series D
- Prelude Ventures — Series D
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series D
- GXP Investments — Series D
- Inherent (https://capitalatlas.ai/funds/inherent) — Series D