EnergySavvy, a Seattle startup that helps home owners track energy use, has landed $3 million in new funding in a deal led by Portland-based Pivotal Investments. Total funding now stands at $5 million.
“EnergySavvy has been on a solid trajectory,” said CEO Aaron Goldfeder in a press release. “This growth capital will allow EnergySavvy to expand its existing revenue through the addition of new products and grow its sales and customer support network.” Customers using the the company’s energy efficiency service include Puget Sound Energy, Black HillsEnergy and Long Island Power Authority.
Homeowners who use the service can figure out how energy efficiency upgrades can save them money.
The company said it plans to build out its Seattle engineering team, with a goal of reaching a total of 30 employees by the end of the year. As a result of the funding, Bradley Zenger of Pivotal Investments has joined the board. Other investors included Seattle angel investor Geoff Entress; Summit Capital and Northwest EnergyAngels.
EnergySavvy is led by Goldfeder, a former Microsoft manager who earned degrees in mathematics from the University of Washington and University of Florida, and Leo Shklovskii, a former Web developer at Amazon.com, Redfin and D.E. Shaw.
Previously on GeekWire: San Francisco taps EnergySavvy to help homeowners cut through the fog of energy bills