Genability, Inc., the leading new energy software company, is pleased to
announce a $3 million investment from WindSail Capital Group, a
Boston-based investment firm that provides growth financing to companies
advancing energy innovation and sustainability.
WindSail’s investment will allow Genability to continue its fast growth
in rooftop and community solar, as well as electric vehicles, behind the
meter storage, and connected homes and buildings. This funding will also
support Genability’s rollout of new products built on top of the
Company's best-in-industry capabilities in electricity costs and savings.
“As we looked for a growth investor, WindSail stood out as a terrific
partner for us. They allowed us to leverage our rapidly growing revenue
and customer base to secure the funds to continue to expand our products
and services,” said Jason Riley, Genability Founder and CEO. “This
investment will help us to independently deliver more value to our
customers, including exciting new offerings for homes, businesses and
utilities.”
“Genability has built a market-leading business providing clean energy
companies with the most comprehensive rate engine and related products
in the market,” said Ian Bowles, co-founder and Managing Director of
WindSail. “They are a great fit for our focus on clean energy services
businesses with a strong growth trajectory.”
“WindSail shares our dedication to energy innovation through sound
business performance,” said Riley. “We look forward to working together
as we promote a sustainable energy future.”
About Genability
Genability provides energy cost and savings data to the leaders in solar
(e.g. SunPower, SolarCity, NRG, Sunrun, SunEdison), storage (Tesla,
Stem), EV (BMW, ChargePoint) and HEM (Whirlpool, Alarm.com).
Genability's products integrate our sophisticated rate engine and the
only accurate, comprehensive database of electricity rates and
incentives to provide energy cost insights. Our products include: (i) Switch
is our lead-to-close sales product. We power 8 of the top 10 solar
providers calculating and delivering estimated savings proposals to
their customers. (ii) Conduct is our load management and
optimization product. This enables EV OEMs to "smart charge" EVs or HEMs
to distribute a load based on TOU rates, etc. and (iii) Verify
is our independent assessment of actual monthly energy savings that
allows our customers to positively impact customer referral and
conversion rates.
For more information, please visit www.genability.com
About WindSail Capital Group, LLC
WindSail Capital Group is a Boston based investment firm that provides
growth capital to early stage commercial businesses advancing energy
innovation and sustainability. WindSail's unique approach offers
companies flexible and creative financing solutions that meet their
specific financing needs while facilitating growth and minimizing
dilution. WindSail invests $2.0 to $8.0 million in each transaction.
For more information, please visit www.windsailcapital.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20160309006473/en/
Copyright Business Wire 2016
Source: Business Wire
(March 9, 2016 - 7:06 PM EST)
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