Branch Energy: Retail Power Provider Company Raises $10.8 Million (Series A)
Summary
Branch Energy raised $10.8 million in an oversubscribed Series A led by Prelude Ventures and Zero Infinity Partners. The company uses demand management software and on-site battery storage to provide businesses with cleaner and more stable electricity. It plans to use the new capital to expand its battery management platform and field services infrastructure, starting in Texas. The funding supports its push to help commercial customers cut energy costs while improving grid reliability.
Funding
Amount
$10.8M
Total raised
Date
August 7, 2024
Announcement date
Investors
Prelude Ventures
Lead investors
Company
https://branchenergy.com/
Funded company
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