# Tenet Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tenet-energy

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.tenet.com
- Total disclosed funding: $28M
- Latest round: Series A (Nov 15, 2023)
- Investors on record: 7

## About

Based in New York, US, and founded in 2021, Tenet Energy, Inc. operates as a developer of a financial platform that provides financing options for the ownership of electric vehicles. In 2021, the company was founded by Alex Liegl, an entrepreneur with over 10 years of experience in Fintech companies. In 2022, the company raised USD 18 million from VC firms Human Capital and Giant Ventures.In November 2023, Tenet Energy, Inc. raised USD 30 million in series A and debt funding led by new investor Nyca Partners, with participation from other investors Assurant Growth Investing, Giant Venture, and Silicon  Valley Bank.

The company operates as a lender with a lower monthly payment to EV owners and people who plan to buy it, by taking the luxury from EV tax credits and high-value retention. The loans can be applied online via mobile app or its website. The product applies to financing a new EV, refinancing a used EV, or even electrifying a fuel car.

The company drives revenue streams by earning interests from its loan business.

Tenet Energy, Inc. plans to use its November 2023 funding to continue its growth and introduce its digital renewable energy platform to the market.

## Funding rounds

- Series A, Nov 15, 2023, $10M — Nyca, Assurant Growth Investing, Giant Ventures
- Seed, Jun 28, 2022, $18M — Global Founders Capital, Breyer Capital, Firstminute Capital, Giant Ventures, Human Capital

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Breyer Capital (https://capitalatlas.ai/funds/breyer-capital) — Seed
- Firstminute Capital (https://capitalatlas.ai/funds/firstminute-capital) — Seed
- Giant Ventures (https://capitalatlas.ai/funds/giant-ventures) — Seed, Series A
- Human Capital (https://capitalatlas.ai/funds/human-capital) — Seed
- Nyca (https://capitalatlas.ai/funds/nyca) — Series A
- Assurant Growth Investing (https://capitalatlas.ai/funds/assurant-growth-investing) — Series A