# Lumenergi

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

- Industry: Electronics
- Headquarters: Newark, US
- Website: www.lumenergi.com
- Total disclosed funding: $26M
- Latest round: Series B (Mar 13, 2012)
- Investors on record: 5

## About

Lumenergi Inc. specializes in advanced energy management solutions, focusing on optimizing energy usage in commercial and industrial environments through innovative software technologies.Lumenergi Inc. is dedicated to energy management solutions for commercial and industrial sectors. Founded in 1974 in Newark, US, the company has evolved its strategies to enhance energy efficiency. The founder, Cr Stevens, has a history in the energy sector. In August 2013, Lumenergi was acquired by Fulham, a portfolio company of Braemar Energy Ventures, in a deal that did not disclose financial terms. The company has successfully raised USD 6.20 mn in its Series B funding round, bringing the total amount raised to USD 6.20 mn and its current valuation to USD 360.57 mn. The company has participated in a total of 5 deals, with the most recent deal occurring on August 5, 2013.Lumenergi specializes in advanced energy management solutions, focusing on optimizing energy usage in commercial and industrial environments. Their core product offerings include a sophisticated energy management software platform that integrates with existing energy systems to provide real-time monitoring, analytics, and actionable insights. This technology aims to solve key challenges such as reducing energy waste, lowering operational costs, and enhancing sustainability efforts for businesses. Targeted primarily at commercial building owners, facility managers, and energy service companies, Lumenergi's solutions have been deployed across various geographical markets, including North America and parts of Europe, addressing a growing demand for energy efficiency and sustainability in these regions. The company's commitment to innovation is demonstrated through continuous improvements to their platform, which has been well-received since its initial release in recent years.Lumenergi generates revenue through a subscription-based model that allows clients to access their energy management platform on a recurring basis. This transactional structure facilitates a long-term relationship with customers, as clients benefit from ongoing software updates and support. The company’s revenue streams are bolstered by partnerships with energy service providers and technology integrators, enhancing its reach to commercial clients. Flagship offerings are integral to the value proposition, providing unique features that distinguish Lumenergi's solutions in the competitive landscape. Through direct engagements with businesses seeking to lower energy costs and improve efficiency, Lumenergi captures a diverse clientele that spans various sectors, driving consistent revenue growth through their specialized energy management services.Lumenergi is focused on enhancing its product lineup, with new features and updates planned for release in the coming months. The company aims to expand its market presence in Europe and further penetrate the North American market by 2025. Recent funding from the Series B round will be allocated toward enhancing software capabilities and increasing market outreach initiatives. This strategy follows their acquisition by Fulham in August 2013, which positioned them for accelerated growth and innovation in the energy management sector.

## Funding rounds

- Series B, Mar 13, 2012, $6.2M — Braemar Energy Ventures, Noventi Ventures, Low Carbon Accelerator
- Series A, Aug 25, 2010, $13M — Braemar Energy Ventures, Low Carbon Investors, Noventi Ventures, Townsend Ventures
- Series A, Feb 14, 2008, $7.5M — Noventi Ventures

## Investors

- Noventi Ventures (https://capitalatlas.ai/funds/noventi-ventures) — Series A, Series B
- Braemar Energy Ventures (https://capitalatlas.ai/funds/braemar-energy-ventures) — Series A, Series B
- Low Carbon Investors (https://capitalatlas.ai/funds/low-carbon-investors) — Series A
- Townsend Ventures (https://capitalatlas.ai/funds/townsend-ventures) — Series A
- Low Carbon Accelerator — Series B