# WattB

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

- Industry: Software
- Headquarters: Bellevue, US
- Website: www.wattbuy.com
- Total disclosed funding: $16M
- Latest round: Series A (Oct 12, 2021)
- Investors on record: 10

## About

WattB, Inc. is a technology company that provides an innovative platform for consumers to access cleaner energy options. Its services are designed to help users optimize energy consumption and maximize savings.WattB, Inc. was founded in 2017 in Bellevue, US, focusing on offering a unique energy estimation model that utilizes machine learning. The company has completed 7 deals to date, with the most recent funding round being a Series A round where they raised USD 10.00 mn on October 12, 2021. The funding was led by SE Ventures with participation from investors such as Avesta Capital Advisors and Evergy Ventures. The company’s CEO is Naman Trivedi, who has played a significant role in its development.WattB primarily offers a comprehensive platform designed to facilitate access to cleaner energy options for consumers. At the core of their service is a powerful energy estimation model that leverages machine learning to analyze user-specific data, including home address, structural characteristics, and local energy costs. This model generates personalized recommendations for electricity and solar plans, enabling users to make informed decisions about their energy consumption while maximizing savings. WattB’s platform also features an AI-powered solar advisor named Sunny, which assists users in navigating solar energy options and addressing common inquiries about solar investments. The company serves a diverse client base across the United States, focusing on residential consumers seeking to reduce energy costs and improve their environmental footprint.WattB's revenue model is built around partnerships and direct-to-consumer transactions, primarily in the energy marketplace. The company collaborates with energy providers to offer tailored electricity and solar plans, driving customer engagement through its platform. Transactions typically occur as users select energy plans that best fit their needs, generating commissions for WattB from partnering energy providers. WattB's innovative services, including Sunny, the AI-driven solar advisor, facilitate consumer interaction and streamline decision-making processes. These solutions support WattB’s revenue structure by enhancing customer retention and expanding market reach within the competitive landscape of energy solutions.In October 2021, WattB, Inc. raised USD 10.00 mn in Series A funding, led by SE Ventures, to support its growth initiatives. The funds will be utilized to increase manpower in product development, data science, and business development. This investment aims to enhance their existing product offerings and support the launch of new energy solutions. WattB also plans to expand its market presence beyond current states, with specific focus on regions that are underserved in clean energy options. The company intends to release new products aimed at improving user experience and energy efficiency by 2023.

## Funding rounds

- Series A, Oct 12, 2021, $10M — Avesta Capital Advisors, Powerhouse Ventures, Techstars, Updater, Inc., Evergy Ventures, SE Ventures, MCJ
- Series A, Nov 12, 2020, $3.3M — Avesta Capital Advisors, Powerhouse Ventures, Techstars, Updater, Inc., Fort Ventures, Evergy Ventures
- Seed, Jul 22, 2019, $1.2M — Powerhouse Ventures, Schmidt Futures
- Seed, Jan 20, 2019, $1.2M — Moderne Ventures, Fort Ventures

## Investors

- Moderne Ventures (https://capitalatlas.ai/funds/moderne-ventures) — Seed
- Fort Ventures (https://capitalatlas.ai/funds/fort-ventures) — Seed, Series A
- Powerhouse Ventures — Seed, Series A
- Schmidt Futures — Seed
- Avesta Capital Advisors — Series A
- Techstars (https://capitalatlas.ai/funds/techstars) — Series A
- Updater, Inc. — Series A
- Evergy Ventures (https://capitalatlas.ai/funds/evergy-ventures) — Series A
- SE Ventures (https://capitalatlas.ai/funds/se-ventures) — Series A
- MCJ (https://capitalatlas.ai/funds/mcj) — Series A