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.


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.

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