Bidgely Raises $16.6 Million in Series B

Bidgely an energy conversation based SaaS startup has raised $16.6 Million in Series B recently, adding more investors (Constellation Technology Ventures, E.ON, RWE) onboard.

The funding will mainly go to HomeBeat™, the  consumer engagement product suite for home energy management and scale commercial deployment globally.

Bidgely has secured numerous multi-million dollar customer contracts worth more than 3 million in the past year alone. Bidgely’s customers includes home users from across four continents.

bidgely-raises-16-6-million-in-series-b

The company is currently deploying 12 customer projects such as those announced with ComEd, London Hydro and TXU. Pursuing a home energy management (HEM) market estimated to surpass $22 billion in the next eight years, Bidgely’s pipeline has expanded 10 times year-over-year.

The recent Series B round with European utility investment will allow Bidgely to aggressively expand their European presence and leverage their disaggregation technology and expertise in consumer behavior across an expanded product offering,” as  Abhay Gupta say.

If you enjoyed this post, please consider sharing the word!

You might also like

Carwow Raises £12.5M Series B Led by Accel
Carwow, the U.K. based platform has raised a £12.5 million Series B led by Accel. Previous investors...
mParticle Raised $15M in a Series A Round
A New York City based startup mParticle has recently raised $15 million in a Series A round which was...
LISNR Raises $10 Million in a Series B Round
Smart tone startup LISNR just raised a $10 million series B round. The funding round was led by Intel...
WATCHMASTER Raises $5.5M in Series A
WATCHMASTER a pan-European full-service trading platform for new and pre-owned luxury watches has recently...

Other Interesting Posts in the Category

Some Older Posts That You May Like