2 SaaS Startups in the Energy Efficiency Industry

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in the Energy Efficiency industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 2 VC funded SaaS startups in the Energy Efficiency industry.

Kleverness

The California-based startup Kleverness creates automation technologies for home and commercial structures. The group has created its solutions from the bottom up, spanning everything from software creation and artificial intelligence to hardware production and circuit design. By eliminating the requirement to modify building wiring in order to enable things to function, Kleverness overcame the largest obstacle in automation. In terms of energy efficiency and usefulness, Kleverness exceeds premier systems and is simple to install in any house or hotel.

Company details:
Founders:
Alex Fraind, Dan Nurko
Founded:
2017
Based in:
Walnut Creek, California, United States
Website:
Kleverness
Industries:
Clean Energy, CleanTech, Energy Efficiency, Energy Management, Hospitality, Internet of Things, Lighting, SaaS
Latest funding:
$4,000,000
Seed
10 January 2021
Total funding:
$4,000,000
Investors
Redwood Ventures

Switchee

Switchee was founded out of INSEAD business school in 2015 and is headquartered in London. It is now the market leader in social housing IoT, servicing many of the largest housing associations in the UK. The company helps large residential landlords to better manage their property portfolio, using technology to identify maintenance issues, reduce fuel bills and improve communication with residents. For every £1 invested in Switchee services, the landlord saves £2 and puts £2 back into the pocket of their resident. Switchee has reimagined the way landlords interact with residents and manage their homes. Their services ensure that landlords have the information they need to eliminate fuel poverty, damp and mould as well as heating & ventilation failures. Switchee is primarily a software and insights business, but to access this real-time data, they reinvented a ubiquitous household object – the thermostat. They have created an internet connected product that reduces energy bills, acts as a two-way communication platform with the resident and collects environmental data that drives an insights engine, landlord dashboard and API.

Company details:
Founders:
Adam Fudakowski, Ian Napier
Founded:
2014
Based in:
London, England, United Kingdom
Website:
Switchee
Industries:
Analytics, Consumer Electronics, Energy Efficiency, Internet of Things, Property Management, SaaS, Software
Latest funding:
$7,201,394
Series A
10 October 2022
Total funding:
$14,664,574
Investors
Seedrs, Ascension, Pi Labs, Wayra, Clearly Social Angels

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