Omnidian, A Seattle, Washington-based nationwide provider of residential, commercial, and industrial solar system performance plans and performance guarantees, secured a $33 million in Series B funding round.
The round was led by Activate Capital, additional round participants included Liberty Mutual Insurance and WIND Ventures, the strategic venture capital arm of Chilean multinational energy firm Copec, as well as existing investors City Light Capital, IA Capital, Evergy Ventures, Avista Development Inc., Congruent Ventures, Centrica, National Grid Partners, Energy Foundry and Blue Bear Capital.
This raise will enable international expansion for the company, also comes at a time when the solar market’s growth trajectory is accelerating, increasing the need for a better experience at the customer level and the deployment of more capital at the institutional level.
Company: Omnidian, Inc.
Raised: $33.0M
Round: Series B
Funding Month: September 2021
Lead Investors: Activate Capital
Additional Investors: Liberty Mutual Insurance, WIND Ventures, City Light Capital, IA Capital, Evergy Ventures, Avista Development Inc., Congruent Ventures, Centrica, National Grid Partners, Energy Foundry, and Blue Bear Capital
Company Website: http://www.omnidian.com/
Software Category: Comprehensive protection plans
About the Company: Omnidian’s mission is to protect and accelerate capital invested in clean energy through innovative technology, passionate teams, and an amazing customer experience. Omnidian state-of-the-art proprietary technology provides continuous monitoring for residential and commercial solar energy systems and portfolios. Omnidian gives consumers peace of mind and liberates the capital and resources of large-scale asset portfolios for our Fortune 1000 clients. Omnidian’s machine learning software will monitor other IoT sensored energy products. The firm currently employs more than 100 professionals across 16 states and expects that number to grow significantly over the next several years.
Source: https://www.valdostadailytimes.com/news/business/omnidian-raises-33-million-in-series-b-round/article_4ab57a63-9bac-5458-a488-777ff434eefd.html