FinTechFunding

Virtual Peaker: Raises $16.6M in Series A Funding Round

Virtual Peaker Raises $16.6M in Series A Funding Round

  • Virtual Peaker, a Lousville KY-based cloud-based company that provides modern utilities with a distributed energy platform, raised $16.6M in Series A funding
  • The round was led by Louis Bacon’s Moore Strategic Ventures with participation from Emerson Ventures
  • The company intends to use he funds to boost its product development, marketing, sales, and other functions
  • VirtualPeaker is a cloud-based distributed energy platform whose suites for utilities to manage their distributed energy resources (DERs)
  • The company is expanding its platform to include Customer Engagement and Forecasting suites of products in addition to its DERMS suite
  • VirtualPeaker currently employs about 40 people in various locations across the country
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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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