EnergySavvy, a Seattle startup that helps utilities implement energy-efficiency programs, has closed out its latest financing round at $8.25 million. The company had previously announced $7 million in early May, including cash from Prelude Ventures.
New backers include EnerTech Capital and El Dorado Investment, a unit of PinnacleWest Capital, the investment arm of EnergySavvy customer Arizona Public Service. Total funding stands at $13.25 million.
Customers of EnergySavvy’s online tools include Puget Sound Energy, New Jersey Natural Gas and Minnesota Energy Resources.
The Seattle company is led by former Microsoft employee Aaron Goldfeder and former Redfin and Amazon.com employee Leo Shklovskii.
Goldfeder said that round was oversubscribed, and that the company had a choice among strong investors, even though clean tech investing remains tough as a whole.
The company also formed a regulatory affairs team, hiring Jake Oster, former deputy chief of staff and legislative director for Congressman Peter Welch of Vermont. David Markarian, former vice president at NextEra, also has joined as senior policy advisor.
The company continues to grow, and as a ploy to attract new staffers it plans to give out free “dino-inspired” cupcakes in South Lake Union on Monday at the Pickle & Jam food truck.
