Scope 5 has raised an undisclosed amount of angel financing as it looks for wider adoption of software to help organizations better manage their energy costs and sustainability programs. The Seattle startup is led by Yoram Bernet, a former senior software architect at Microsoft.

“The endorsement of our early partners and customers signals that we are solving real and unaddressed pain in the sustainability management market,” said Bernet in a release.

As a result of the financing, venture capitalist David Billstrom has joined Scope 5’s board.

We’ve reached out to Scope 5 for more details, and we will update the post as we hear more.

The company recently released the first version of its sustainability management software service and signed on two sustainability consulting firms as partners. It also recently inked multi-year software service subscription contracts with two customers, though he company declined to disclose those customers.

The company said that the service is designed for customers to “extract value from their environmental sustainability and energy data,” a process that has historically been tracked via spreadsheets.

UPDATE: Co-founder John Daly tells GeekWire that the company raised less than $1 million, and the round was quickly oversubscribed. He declined to name the angel investors in the round.

 

Comments

  • http://Panyrgy.com/ Edward Coyle

    Interesting approach.  I suspect that this type of software will largely be developed and offered by the major utility companies as they continue to roll out smart meters, making a private venture like this useful for only a short while.  However, if they play their cards right and keep ahead of the curve by offering higher quality analytics tailored to specific well-paying customers they may be able to avoid it.

    • Joshua Skov

      Just a quick response to Mr. Coyle’s comment.  While I understand the logic, I think it misses the broader applicability of Scope 5.  This isn’t just about what utilities provide; it’s about the tools that individual companies have for managing their environmental and energy performance.  As one of the early partners of Scope 5, I have seen close-up the dearth of such tools, and the shortcomings of what’s out there — especially if you aren’t a Fortune 100 company with a seven-figure budget for this sort of software.

      Regarding the point about utilities:  In short, there’s little reason to expect utilities to develop these tools for us.  Indeed, we’ll have our hands full getting the utilities to give us the opportunity to use the potential functionality that smart meters afford.  I’ve done work in the utility sector, and it’s hard to get most utilities to change the format of their bills, much less provide real tools in the cloud.  I wish it weren’t so, but we just have to have reasonable expectations there.

  • Maryr

    Scope 5 enables companies and organizations to track much more than energy. Its flexibility enables tracking of a wide variety of sustainability performance metrics. NBIS is excited to offer this system to our member companies because of its versatility and its capacity to set targets, evaluate progress and engage managers and employees in creating sustainability benefits for their organizations.

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