Ivy Energy Secures $18M in Series A Funding Set to Accelerate Onsite Solar for Multi-tenant Properties
Summary
SAN DIEGO, CA / ACCESSWIRE / April 17, 2024 / Ivy Energy, the creator of the trailblazing Virtual Grid Cloud software, proudly announces the closing of a $18 million Series A funding round. Residents, in turn, enjoy lower energy bills and the satisfaction of contributing to a greener planet.In a challenging financial climate, Ivy Energys approach and vision for a renewable future drew substantial investments from notable investors, including GreenSoil PropTech Ventures, American Family Insurance Institute for Corporate and Social Impact (AmFam Institute), Legacy Capital Ventures, Enki Solar Investments, and Unit Leader. This signaled a strong market belief in the potential for a distributed power revolution that brings more stability and benefits to local communities and property owners. As onsite solar power generation continues its rapid growth, shared spaces like multifamily housing are being left out," noted Dave Kolada, Managing Partner, GreenSoil PropTech Ventures and Board Member of Ivy Energy. "We are bullish on Ivy as its SaaS solution helps open up a huge new asset class for clean energy production while creating a win-win for Real Estate owners and tenants.