Enact Systems, a Pleasanton, California-based end-to-end software platform for solar and energy storage projects, announced that it raised $11.5 million in Series A funding to accelerate growth.
The round was led by Energy Growth Momentum, a growth capital fund focusing on digital technologies applicable to the energy sector.
Additional investors in the round include early backers NB Ventures, ARKA Venture Labs, Olympus Capital, and Alumni Venture Funds, along with several angel investors.
"The ENACT end-to-end software platform is transforming how distributed solar and energy storage projects are deployed and managed," said Deep Chakraborty, Co-Founder and CEO. "With this important capital infusion, we will be taking our platform expansion to the next level," Deep added.
Enacts Systems software platform enables end-customers to manage their clean energy transition as their single source of truth for system performance and financial return. Sales teams can also leverage ENACT's two-sided platform to design, price, and build attractive proposals remotely, finalize contracts, and track project execution.
Company: Enact Systems, Inc.
Raised: $11.5M
Round: Series A
Funding Month: September 2022
Lead Investors: Energy Growth Momentum
Additional Investors: NB Ventures, ARKA Venture Labs, Olympus Capital, and Alumni Venture Funds
Company Website: https://enact-systems.com/
Software Category: Solar Software
About the Company: Enact Systems provides an end-to-end software platform for solar and energy storage projects: design, pricing, installation management, and asset management on a single cloud platform. Enact Systems software platform enables sales teams to design, price, and sell remotely, finalize contracts and track project execution. End customers can also leverage Enact's platform to manage their solar and energy storage transition and track financial outcomes. Enact System SaaS Platform is transforming how distributed energy resources are deployed and managed, with thousands of users in 20+ countries, headquartered in Pleasanton, CA, USA.
Source: https://www.einnews.com/pr_news/591706151/enact-systems-receives-series-a-financing-to-accelerate-growth