Orkestra, a Melbourne, Australia-based renewable energy software platform, raised $1.1 million in a Seed round to support large power companies rolling out new projects.
The round was led by local seed-stage VC Tidal Ventures, with support from angel investors with links to the energy industry.
The fund will be used to expand Okestra's team and roll out the product to the Australian market.
Chris Cooper, co-founder and CEO said, "Our aim is to be the intelligence layer that underpins clean energy projects around the world. Teams that were previously using Excel spreadsheets or outdated software are instantly seeing the value in Orkestra's offering – So far, we've been blown away by the feedback from customers."
Orkestra's software solution is designed to reinvent how solar, battery, and e-mobility solutions are scoped and sold, enabling energy companies to quickly and accurately evaluate the best solution for their business customers.
Company: Orkestra Technologies Pty Ltd
Raised: $1.1M
Round: Seed Round
Funding Month: November 2022
Lead Investors: Tidal Ventures
Additional Investors:
Company Website: https://www.orkestra.energy/
Software Category: Renewable Energy Software Platform
About the Company: Founded in 2020 by former New Energy Ventures consultants Chris Cooper, James Allston, and Michael Jurasovic, Orkestra is a clean energy software startup that provides a renewable energy SaaS platform that offers tools to help energy companies plan, sell, and optimize the rollout of new energy deployments. Its platform combines an easy-to-use interface with advanced algorithms and analytics to slash the cost and time required to evaluate project feasibility and optimize project outcomes from both a sustainability and economic perspective. Orkestra already counts Origin Energy and Energy Australia among its 30-plus customers. Its mission is to help teams deploy new energy solutions to the world's businesses.
Source: https://www.startupdaily.net/topic/funding/clean-energy-software-startup-orkestra-charges-up-on-1-1-million-seed-raise/