The energy analytics space is heating up and these are the companies that are generating momentum
The energy analytics space is extremely hot right now, with more than $132M invested through Q3 2014 and OPOWER having a billion dollar IPO. As consumers and businesses look to decrease their energy usage and energy suppliers try to optimize for demand, energy analytics companies play an important role in helping both sides. Powered by CB Insights data, we put together a list of 12 energy analytics companies that are gaining momentum. These companies are all companies that have raised money recently in a Series B funding or earlier.
Many of the companies on this list have won awards or secured significant contracts recently, such as BuildingIQ being recognized as the “Best Commercial Energy Efficiency Project for 2014” in Australia or Bidgely partnering with TXU Energy to offer analytics to homes in Texas. Lucid Design Group has raised the most money on this list, with $40M being invested from investors such as Shasta Ventures and In-Q-Tel. New York based Enertiv graduated from the Techstars incubator and has raised $750K from Vaidya Capital Partners and R/GA Ventures.
| Company | Logo | Total Funding | Select Investors |
|---|---|---|---|
| Lucid |  |
$40M | Shasta Venture, In-Q-Tel, Granite Ventures |
| EcoFactor |  |
$16M | Rockport Capital Partners, Claremont Creek Ventures, Aster Capital |
| Simple Energy |  |
$9M | Westly Group, Dean Matthew |
| BuildingIQ |  |
$10M | Siemens Venture Capital, Aster Capital, Paladin Capital Group |
| Stem |  |
$31M | GE Ventures, Greener Capital, Clean Feet Investors |
| FirstFuel Software |  |
$21M | Battery Ventures, Rockport Capital Partners |
| TempoIQ |  |
$3M | Divergent Ventures, Chicago Ventures, Hyde Park Venture Partners |
| Bidgely |  |
$8M | Khosla Ventures |
| Enertiv |  |
$1M< | Vaidya Capital Partners, R/GA Ventures |
| WegoWise |  |
$5M | Boston Community Capital |
| WattzOn |  |
$1M< | CRV |
| eCurv |  |
$3M | Constellation Technology Ventures, Vodia Ventures |
Want more information on energy analytics companies? Check out our venture capital database below.
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity