Factor
Latest round
- Seed
Last raised
- May 2025
Total raised
- $3M
Investors
- 9
About Factor
Founded in 2024 in Wellington, New Zealand, Factor focuses on developing energy pricing and forecasting solutions.Factor offers a robust SaaS platform designed for modern energy pricing and forecasting. Its core product is a forecasting-led pricing engine that enables users to model and price a range of energy offerings by integrating forecasts, charge logic, asset specifications, and site data, all without the need for coding or spreadsheets. The platform serves multi-site customers, allowing them to efficiently manage complex energy tariffs and pricing scenarios, especially in dynamic environments involving electric vehicle (EV) charging, demand response, battery optimization, and power purchase agreements (PPAs). Factor’s technology is applicable across various geographical markets, including North America, Europe, and parts of Asia, facilitating seamless integration with existing software solutions, CRMs, and other operational platforms.Factor generates revenue through a tiered subscription model, offering three distinct plans tailored to different needs. The starter subscription is designed for users who require support for a single use case, while the Enterprise tier provides comprehensive enterprise-grade user management and enhanced support features. In a typical transaction structure, customers subscribe to one of these plans, gaining access to Factor’s pricing engine and forecast libraries, which include advanced capabilities for weather-reflective generation forecasting and load profile analysis. The platform facilitates B2B transactions, where companies leverage Factor’s capabilities to optimize pricing strategies and enhance operational efficiency.Looking ahead, Factor plans to introduce new products designed to enhance its SaaS offering, although specific release dates have not been disclosed. The company is targeting expansion into additional markets, specifically in North America and Europe by the end of 2025.
Who invested in Factor
9 investors across 1 round
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Funding rounds
Seed
May 1, 2025
Amount
$3M
Investors
Questions about Factor
Who invested in Factor?
Factor has 9 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Factor raised?
Factor has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Factor last raise money?
Factor's most recent round on record is a Seed, in May 2025.
What does Factor do?
Founded in 2024 in Wellington, New Zealand, Factor focuses on developing energy pricing and forecasting solutions.
Where is Factor headquartered?
Factor is headquartered in Wellington, New Zealand.
Which VCs invest in companies like Factor?
Among active investors with capital left to deploy, Blackbird, AirTree Ventures, Square Peg and Immutable Ventures back software companies at Factor's stage. Their profiles are linked below.
VCs backing software startups at Seed
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