Serious Energy Raises $3 Million in Venture Capital

Posted in Energy Efficiency on November 23rd, 2011 by News Desk –

Serious Energy's new control center

Sunnyvale, Calif. – Serious Energy, a provider of energy efficiency technology for buildings, has raised $3 million in venture capital, according to a new filing by the company with the Securities and Exchange Commission.

Founded in 2002, Serious Energy has installed systems in about 70,000 buildings and homes to date. The company recently announced a building efficiency upgrade service at zero upfront cost for building owners and tenants.

The company recently acquired Agilewaves, another privately held, building energy management technology company, for an undisclosed price. Agilewaves offers energy monitoring and management systems that help facility managers and building owners reduce energy costs.

In its new SEC filing, Serious Energy indicated it plans to raise a total of $34 million in its current round of fundraising.

Serious Energy’s list of investors includes VantagePoint Partners, New Enterprise Associates, EnerTech Capital, Foundation Capital, Mesirow Financial, Rustic Canyon, Navitas Capital, Cheyenne Partners, Staenberg Ventures, and Saints Capital.

Serious Energy website

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