# Enervee Corporation

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

- Industry: Internet
- Headquarters: Venice, US
- Website: www.enervee.com
- Total disclosed funding: $39M
- Latest round: Series B (Apr 22, 2022)
- Investors on record: 3

## About

Enervee Corporation is a technology company specializing in energy efficiency solutions that empower consumers to select appliances based on energy savings, promoting sustainable living.Founded in 2009 in Venice, US, Enervee Corporation focuses on energy-efficient products and services. The company was established by Matthias Kurwig, who has an extensive background in technology entrepreneurship. Enervee has raised USD 35.00 mn in its Series B funding round on April 22, 2022, co-led by JP Morgan Asset Management and Kerogen Capital, bringing the total amount raised to USD 35.00 mn with a current valuation of USD 162.33 mn.Enervee offers a suite of services centered around energy-efficient appliances, prominently featuring their proprietary Enervee Score, which ranks products on a 0-100 scale based on energy efficiency and potential savings. This scoring system empowers consumers to make informed choices by highlighting appliances that reduce energy bills and support sustainable living. The company extends eco-friendly financing solutions, allowing customers to acquire these appliances without upfront costs and benefit from low monthly payments. Enervee serves a diverse customer base, including residential consumers and businesses, across key markets such as California, New York, and the Northwest region of the United States.Enervee generates revenue through a combination of direct-to-consumer sales and partnerships with utilities and retailers. Its business model facilitates transactions for energy-efficient products while offering financing options like the Eco Financing service, which allows customers to purchase appliances with minimal initial investment. Customers typically select appliances based on the Enervee Score, engage in rebates, and access low-APR financing, enhancing the overall value proposition. Enervee’s trademarked offerings, such as the Enervee Score and ClearCost, are integral to its revenue model, driving engagement and facilitating sales across targeted markets.In April 2022, Enervee Corporation raised USD 35.00 mn in Series B funding, co-led by JP Morgan Asset Management and Kerogen Capital, which will be used to support the growth of its e-commerce and data platform offerings and expand its team. The company plans to develop new products focusing on innovative energy efficiency technologies and aims to expand its services into additional markets across the United States by the end of 2023.

## Funding rounds

- Series B, Apr 22, 2022, $35M — JP Morgan Asset Management, Kerogen Capital
- Series A, May 26, 2015, $3.7M — Obvious

## Investors

- Obvious (https://capitalatlas.ai/funds/obvious) — Series A
- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series B
- Kerogen Capital (https://capitalatlas.ai/funds/kerogen-capital) — Series B