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.

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