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§ Private Profile · Seattle, WA, USA
SaaS company providing cloud software for utilities to automate energy efficiency programs and manage customer relationships.
Based in Seattle, Washington, EnergySavvy developed cloud-based software platforms that enabled electric and gas utility companies to automate their energy efficiency programs and deliver personalized customer insights. Operating under a software-as-a-service business model, the enterprise scaled its operations to serve approximately 40 utility customers and deployed tailored electricity plans across more than 19 states. The technology infrastructure managed complex customer relationships and tracked detailed energy usage metrics for major regional providers, specifically including Seattle City Light and Minnesota Energy Resources. Prior to being acquired by industry peer Tendril in May 2019, the organization expanded its workforce to roughly 60 employees and successfully secured $30.98 million in total venture funding from institutional backers such as Prelude Ventures. To modernize the broader utility software market, EnergySavvy was originally established in 2008 by chief executive officer Aaron Goldfeder.
EnergySavvy has raised $38.1M across 8 funding rounds.
EnergySavvy has raised $38.1M in total across 8 funding rounds.
EnergySavvy is a Seattle-based cloud software company specializing in SaaS solutions for the energy sector, primarily helping utilities enhance customer engagement, intelligence, and energy efficiency programs.[1][2][4] It builds personalized platforms that transform utility operations and customer experiences, serving utilities to solve challenges in residential energy efficiency, such as promoting conservation through user-friendly tools and data-driven insights.[1][2][5] The company demonstrates growth momentum through a solid customer base, scalable impact plans, and proven success in helping utilities like Eversource achieve top ACEEE awards for exemplary programs.[1][5]
EnergySavvy emerged as a rapidly growing software innovator in Seattle, focusing on residential energy efficiency from its inception, though specific founding year and founders are not detailed in available sources.[1] The idea likely stemmed from the need to modernize utility customer interactions amid rising demands for sustainable energy practices, combining advanced tech with exceptional UX to drive adoption.[1][2] Early traction is evident in its supportive, developer-friendly culture that attracted talent and supported scaling, alongside real-world wins like enabling four utilities to earn ACEEE distinctions for energy programs.[1][5]
EnergySavvy rides the wave of utility modernization and clean energy transitions, capitalizing on market forces like regulatory pushes for efficiency and consumer demand for personalized sustainability tools.[1][2][4][5] Its timing aligns with the expansion of smart grid tech and SaaS adoption in energy, where utilities face pressure to cut costs and emissions amid climate goals. By enabling award-winning programs, it influences the ecosystem, fostering scalable energy conservation and setting benchmarks for customer-centric utility software.[5]
EnergySavvy is poised for continued expansion as utilities digitize amid net-zero mandates, potentially deepening AI integrations for predictive engagement and broader market penetration.[1][2][4] Trends like decentralized energy and regulatory incentives will shape its path, evolving its role from efficiency enabler to ecosystem leader. Watch for partnerships amplifying its award-winning impact, reinforcing its position in transforming residential energy use.
EnergySavvy has raised $38.1M across 8 funding rounds. Most recently, it raised $14.0M Series D in October 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2016 | $14M Series D | Dennis Odell | G20 Ventures, Prelude Ventures, Prosperity7 Ventures, EnerTech Capital, Inherent Group | Announced |
| Aug 14, 2015 | $3.5M Venture Round | — | EL Dorado Investment Company, EnerTech Capital, Prelude Ventures | Announced |
| Jul 2, 2014 | $1.3M Venture Round | EL Dorado Investment Company, Dean Sciorillo | — | Announced |
| Jun 1, 2014 | $8M Series C | — | G20 Ventures, Prelude Ventures, Prosperity7 Ventures | Announced |
| May 1, 2014 | $7M Venture Round | TIM Woodward | Pivotal Investments | Announced |
| Aug 2, 2012 | $3M Venture Round | Brad Zenger | Geoff Entress, Element 8, Summit Capital | Announced |
| Dec 1, 2010 | $1M Series A | Element 8 | Founders' Co OP, Pioneer Square Labs, Unlock Venture Partners, Andy LIU, Geoff Entress, Karl Siebrecht, Mike Galgon | Announced |
| Apr 27, 2010 | $320K Venture Round | Mike Galgon | Karl Siebrecht | Announced |
EnergySavvy has raised $38.1M in total across 8 funding rounds.
EnergySavvy's investors include Dennis Odell, G20 Ventures, Prelude Ventures, Prosperity7 Ventures, EnerTech Capital, Inherent Group, El Dorado Investment Company, Dean Sciorillo, Tim Woodward, Pivotal Investments, Brad Zenger, Geoff Entress.