FinTechFunding

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
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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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