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$11.5M in Series A financing led by Energy Growth Momentum, a progress capital fund specializing in digital applied sciences
— Deep Chakraborty
PLEASANTON, CA, USA, September 20, 2022 /EINPresswire.com/ — ENACT SYSTEMS at this time introduced an funding of $11.5M in Series A financing led by Energy Growth Momentum (https://egmomentum.com/) a progress capital fund specializing in digital applied sciences relevant to the power sector.
Additional buyers within the spherical embody early backers NB Ventures, ARKA Venture Labs, Olympus Capital and Alumni Venture Funds, together with a number of angel buyers.
“The ENACT end-to-end software platform is transforming how distributed solar and energy storage projects are deployed and managed”, mentioned Deep Chakraborty, Co-Founder and CEO. “With this important capital infusion, we will be taking our platform expansion to the next level”, Deep added.
ENACT’s software program platform permits end-customers to handle their clear power transition, as their single supply of fact for system efficiency and monetary return. Sales groups may leverage ENACT’s two-sided platform to design, value and construct enticing proposals remotely, finalize contracts and observe venture execution. The highly effective two-sided platform leverages information analytics to enhance buyer expertise and outcomes, with $1.5B+/yr of tasks now on the platform in 20+ international locations.
“This investment will accelerate our plan to support the global climate transition and boost the adoption of renewable generation globally,” mentioned Adeeb Asfari, Managing Partner of Energy Growth Momentum.
First launched in 2017, ENACT SYSTEMS has steadily expanded its software program platform capabilities. ENACT is showcasing their newest know-how on the RE+ Conference at Anaheim, CA Sept 19-22, 2022 at sales space #4138 (schedule your assembly with ENACT right here).
“We have been tracking ENACT’s steady progress on building out its unique two-sided platform strategy. ENACT is poised for rapid growth ahead as solar and storage becomes a new purchase category across major urban markets globally”, mentioned Neelesh Bhatnagar, Managing Partner of NB Ventures and seed investor at ENACT SYSTEMS.
About ENACT SYSTEMS
ENACT SYSTEMS gives the main end-to-end software program platform for photo voltaic and power storage tasks: design, pricing, set up administration and asset administration on a single cloud platform. ENACT’s SAAS Platform is remodeling how distributed power assets are deployed and managed, with hundreds of customers in 20+ international locations, headquartered in Pleasanton, CA, USA.
Shelly Littman
ENACT SYSTEMS INC
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