# FirstFuel Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/firstfuel-software

- Industry: Software
- Headquarters: Lexington, US
- Website: www.firstfuel.com
- Total disclosed funding: $44M
- Latest round: Series C (Mar 27, 2015)
- Investors on record: 6

## About

FirstFuel Software, Inc. develops innovative software solutions aimed at enhancing energy efficiency and customer engagement within the utility sector, primarily focusing on demand management.Founded in 2009 in Lexington, US, FirstFuel Software specializes in energy management solutions for utilities. The company raised USD 23 mn in Series C funding on March 27, 2015, led by Next World Capital, with participation from Battery Ventures, Idinvest Partners, Nth Power, ONE Nordic AB, and RockPort Capital Partners. FirstFuel has completed a total of five deals.FirstFuel Software offers a software platform that provides demand management solutions to residential and commercial customers. Their offerings include personalized energy reports, digital portals, and alerts that help users optimize energy use and device selection while enhancing grid resilience for utilities and energy providers, focusing on North American and European markets.FirstFuel operates on a subscription-based revenue model, partnering with utilities and energy providers under long-term contracts. Their services include demand response programs and virtual power plants, allowing clients to utilize FirstFuel's technology for enhanced customer engagement and efficient energy resource management.Following the Series C financing in March 2015, FirstFuel plans to enhance its product offerings with new software features aimed at further improving customer engagement and energy optimization. The company is also targeting expansion into additional markets in Europe and North America to increase its user base and service reach. The recent funding will be utilized to support these product developments and market expansion efforts.

## Funding rounds

- Series C, Mar 27, 2015, $23M — Battery Ventures, Idinvest Partners, Nth Power, RockPort Capital Partners, Next World Capital, ONE Nordic AB
- Series B, Nov 26, 2013, $9M — Battery Ventures, Nth Power, RockPort Capital Partners, ONE Nordic AB
- Series A, Feb 9, 2012, $9.7M — Battery Ventures, Nth Power, RockPort Capital Partners
- Seed, Jul 15, 2011, $1.9M — Battery Ventures, Nth Power

## Investors

- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Seed, Series A, Series B, Series C
- Nth Power (https://capitalatlas.ai/funds/nth-power) — Seed, Series A, Series B, Series C
- RockPort Capital Partners (https://capitalatlas.ai/funds/rockport-capital-partners) — Series A, Series B, Series C
- ONE Nordic AB — Series B, Series C
- Idinvest Partners (https://capitalatlas.ai/funds/idinvest-partners) — Series C
- Next World Capital (https://capitalatlas.ai/funds/next-world-capital) — Series C