WattBuy Secures $10 Mn in Series A Funding Round
WattBuy, announced it has raised $10 million in additional investment for its Series A round of funding.
October 13, 2021. By News Bureau
This raise is led by SE Ventures, a venture capital fund backed by Schneider Electric, along with MCJ Collective. Existing investors also participating in this round include Evergy Ventures, Updater, Powerhouse Ventures, Techstars Ventures, Avesta Fund and Yoav Lurie, bringing WattBuy’s total Series A raise to $13.25 million.
Each investor brings a significant track record of supporting early-stage climate tech startups across a wide range of sectors.
“While we were not planning to extend our Series A, the tremendous interest from partners like Schneider Electric and MCJ Collective that play a pivotal role in our future growth plans was impossible to ignore,” said Naman Trivedi, CEO and co-founder of WattBuy.
The expansion of WattBuy’s Series A round follows significant customer growth over the last 12 months.
“We’re finding that companies across a growing number of verticals want to present climate-friendly, cost-saving solutions to their customers,” said Ben Hood, WattBuy’s co-founder and chief technology officer.
“We’re thrilled to be partnering with WattBuy at this inflection point and to help position the company’s technology as a foundational energy data fabric, helping consumers make smarter and ultimately cleaner energy choices,” said Grant Allen, general partner at SE Ventures.
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