Boston efficiency startup takes $800K
Retroficiency Inc., a Boston startup that's developed energy efficiency software, said it has raised $800,000 in a funding round led by Worcester, Mass.-based World Energy Solutions Inc. (NASDAQ: XWES)
Retroficiency says it offers a web-based software platform for analyzing the benefits of energy efficiency measures at commercial buildings. The platform is available to energy service companies, facility managers and large commercial property owners that want to discover energy efficiency solutions more quickly and cheaply, the company said.
World Energy Solutions, best known for running online exchanges for energy procurement and carbon emissions trading, said its "strategic investment" into Retroficiency comes in anticipation of accelerating demand for efficiency services at commercial buildings. The investment "opens the door to new opportunities for us in regulated markets," World Energy said.
The funding round also included participation from Jean Hammond and Jill Preotle, both early investors in Cambridge-based car sharing firm ZipCar Inc., Retroficiency said.
Read more in the Boston Business Journal.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.