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Allumia Closes Series A2 Financing To Advance Energy Efficiency-As-A-Service Technology Platform

Feb 08, 2022over 3 years ago

Round Type

series a

Seattle

Description

Allumia today announced it has raised $7.5 million in Series A2 round financing, led by existing investor JW Asset Management with participation from American Electric Power (AEP) and Duke Investments LLC. The purpose of this financing is to accelerate development of Allumia’s Energy Efficiency-as-a-Service (EaaS) technology platform for large-scale deployment of energy efficiency solutions for utilities’ mass-market commercial and industrial (C&I) customers.

Company Information

Company

Allumia

Location

Seattle, Washington, United States

About

Allumia is a market leader in the delivery of Energy Efficiency-as-a-Service to the commercial sector, with a software and IoT platform that optimizes and automates the process of financing, developing, metering, and maintaining projects. Allumia provides services directly to commercial and industrial customers nationwide as well as through utility partnerships. https://www.allumia.com