# Viridity Software

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

- Industry: Software
- Headquarters: Burlington, US
- Website: www.viridity.com
- Total disclosed funding: $15M
- Latest round: Series B (Jul 22, 2010)
- Investors on record: 2

## About

Viridity Software develops innovative energy management solutions that help businesses optimize energy efficiency and sustainability. Their technology provides real-time monitoring and analytics for effective energy consumption management.Viridity Software offers advanced energy management solutions aimed at improving efficiency for businesses across various sectors. The company is based in Burlington, US, and has undergone a significant pivot in its business strategy since being acquired by Schneider in December 2011. The company has raised a total of USD 8.00 mn through a Series B funding round led by Battery Ventures and North Bridge Venture Partners, achieving a current valuation of USD 23.40 mn.Viridity.com specializes in innovative solutions designed to optimize energy management and efficiency for businesses across various sectors. Their core product offerings include advanced energy monitoring systems and analytics software, which empower clients to track energy consumption in real time and identify opportunities for cost savings and sustainability improvements. These products serve a diverse client base that includes commercial enterprises, industrial facilities, and public sector organizations, enabling them to reduce operational costs while achieving their sustainability goals. The solutions offered have been particularly effective in sectors such as manufacturing, healthcare, and commercial real estate, where energy management is crucial. Viridity.com markets its products primarily in North America and Europe, addressing the growing demand for energy efficiency and regulatory compliance in these highly competitive regions.Viridity.com generates revenue through a subscription-based model, providing clients ongoing access to its suite of energy management tools and analytics services. This transactional framework allows businesses to seamlessly integrate these solutions into their operations, fostering long-term partnerships with clients. The company offers tiered pricing plans to accommodate businesses of varying sizes, ensuring scalability and flexibility in their service offerings. Key products, like the Energy Optimization Platform, are integral to this model, enabling clients to achieve savings through data-driven insights. Revenue is generated through direct sales to businesses, with potential consulting services available to assist clients in implementing and maximizing their use of these technologies.Viridity Software is focused on expanding its product line and market presence. The company is actively designing new energy management tools set to launch in the coming years, with specific details on release dates to be determined. Plans include targeting growth in European and Asian markets by the end of 2023, leveraging recent funding to enhance product development and market penetration. The acquisition by Schneider is expected to provide further resources and infrastructure support to aid in these initiatives.

## Funding rounds

- Series B, Jul 22, 2010, $8M — Battery Ventures, North Bridge Venture Partners
- Series A, Dec 1, 2008, $7M — Battery Ventures, North Bridge Venture Partners

## Investors

- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series A, Series B
- North Bridge Venture Partners (https://capitalatlas.ai/funds/north-bridge-venture-partners) — Series A, Series B