# Hara

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

- Industry: Energy Storage & Batteries
- Headquarters: San Mateo, US
- Website: www.hara.com
- Total disclosed funding: $45M
- Latest round: Series C (May 17, 2011)
- Investors on record: 7

## About

Hara is a software company specializing in energy management and sustainability solutions, focusing on improving operational efficiency for organizations across various sectors.Founded in 2008 in San Mateo, US, Hara provides software solutions that enable businesses to manage energy consumption and improve sustainability practices. The company was acquired by Verisae, a portfolio company of Marlin Equity Partners, in October 2013. Hara has raised a total of USD 25.00 mn through its Series C funding round led by Focus Ventures, with participation from Energy Technology Ventures, ITOCHU Technology Ventures, Icon Ventures, Kleiner Perkins, Navitas Capital, and Nth Power. The most recent deal occurred on October 8, 2013.Hara offers enterprise-level software solutions focused on energy management and sustainability. Their key product, Hara Observe, is an IoT remote monitoring and energy management system designed to enhance operational efficiencies and compliance in energy consumption. Their services cater to sectors including healthcare, retail, food and beverage, and education, helping organizations streamline maintenance processes and optimize energy usage.Hara generates revenue through a subscription-based model, providing access to their suite of integrated software solutions primarily via annual contracts. Their flagship product, Hara Observe, along with other management tools, targets business-to-business transactions. The pricing structure is designed to accommodate organizations of varying sizes and complexities, fostering long-term partnerships and recurring revenue streams.Hara plans to further develop its product offerings with upcoming features aimed at enhancing energy performance analytics, aiming for release in the next fiscal year. The company is considering expansion into European markets, with a target launch by the end of 2024. Recent funding from the Series C round will support these initiatives, enabling Hara to scale its offerings and enhance market presence.

## Funding rounds

- Series C, May 17, 2011, $25M — Focus Ventures, Kleiner Perkins, Nth Power, Icon Ventures, Navitas Capital, ITOCHU Technology Ventures, Energy Technology Ventures
- Series B, Sep 1, 2009, $14M — Kleiner Perkins, Nth Power, Icon Ventures
- Series A, Jan 1, 2008, $6M — Kleiner Perkins

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A, Series B, Series C
- Nth Power (https://capitalatlas.ai/funds/nth-power) — Series B, Series C
- Icon Ventures (https://capitalatlas.ai/funds/icon-ventures) — Series B, Series C
- Focus Ventures (https://capitalatlas.ai/funds/focus-ventures) — Series C
- Navitas Capital — Series C
- ITOCHU Technology Ventures (https://capitalatlas.ai/funds/itochu-technology-ventures) — Series C
- Energy Technology Ventures (https://capitalatlas.ai/funds/energy-technology-ventures) — Series C