OhmConnect
Latest round
- Series D
Last raised
- Feb 2022
Total raised
- $75M
Investors
- 12
About OhmConnect
OhmConnect, Inc.Founded in 2013 in Oakland, US, OhmConnect, Inc. specializes in demand response services that help consumers reduce electricity usage during peak times. The company has evolved its strategy to enhance customer engagement and utility partnerships. Curtis Tongue and Cisco DeVries are pivotal figures in its leadership.OhmConnect primarily offers a platform that enables residential customers to save on their energy bills by reducing electricity consumption during peak demand periods. The core service is a demand response program that alerts users when energy prices surge, allowing them to adjust their usage accordingly. This is achieved through partnerships with utility companies such as PG&E, SCE, SDG&E, and Con Edison, primarily targeting customers in California and New York. By leveraging smart home technology, users can receive incentives for curtailing energy use, which can include cash rewards, gift cards, and smart device discounts. The transaction structure involves direct interactions with consumers who enroll in the program, providing utility usage data and becoming active participants within a specified timeframe. Customers may also benefit from promotional offers such as free smart plugs or discounted smart thermostats upon meeting eligibility criteria. This model encourages household engagement in energy-saving practices while allowing OhmConnect to collaborate with utility providers to balance grid demand.In February 2022, OhmConnect, Inc. OhmConnect is planning to enhance its service offerings and target expansion into additional states, focusing on increasing market penetration and customer engagement.
Who invested in OhmConnect
12 investors across 3 rounds
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Questions about OhmConnect
Who invested in OhmConnect?
OhmConnect has 12 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has OhmConnect raised?
OhmConnect has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did OhmConnect last raise money?
OhmConnect's most recent round on record is a Series D, in Feb 2022.
What does OhmConnect do?
OhmConnect is a software company.
Where is OhmConnect headquartered?
OhmConnect is headquartered in Oakland, US.
Which VCs invest in companies like OhmConnect?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at OhmConnect's stage. Their profiles are linked below.
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