EnergyX Solutions: Raises $1M led by BDC Capital

  • EnergyX Solutions, Inc. , a Toronto, Canada-based cleantech company, raised an additional $1m in funding
  • The round, which brings the total amount raised to date to $5M in equity and non-dilutive financing since its inception in 2016
  • The company also intends to use the funds to accelerate its expansion into the U.S.
  • EnergyX Solutions is an AI-powered SaaS company that enables utilities to increase customer participation in energy efficiency programs
  • Their technology white-label licensed by utilities and government organizations to help them engage customers, manage programs
  • In 2019, EnergyX was able to expand within the U.S. market, and is currently providing its solution to utilities across California, Washington DC, Ohio and New England
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Mastercard, Visa, and Revolut Lose UK Legal Challenge Over Card Fee Cap Plans

UK courts uphold cap on interchange fees affecting major payment companies.Highlights: UK courts dismiss legal challenge by Mastercard,...

LSEG Launches Blockchain-Based Digital Settlement Network

This new platform aims to enhance financial settlement processes.Highlights: LSEG has launched a blockchain-enabled digital settlement network.The platform...

SWIFT to Build Shared Ledger for Tokenised Asset Transactions

New initiative aims to streamline digital asset transactions globally.Highlights: SWIFT is launching a shared ledger for tokenised assets.The...

Keye Launches AI Co-Pilot for Private Equity Due Diligence

Innovative tool aims to streamline investment analysis and decision-making.Highlights: Keye introduces an AI co-pilot for private equity due...