Virtual Peaker, a Louisville, KY-based cloud-based SaaS company that empowers modern utilities with the friendliest distributed energy platform on the planet, announced a $16.6 million in Series A to expand beyond its industry-leading distributed energy resource management systems (DERMS) platform.
The round was led by Louis Bacon’s Moore Strategic Ventures (MSV), with participation from Emerson Ventures.
The company plans to significantly expand this year to boost its product development, marketing, sales, and other functions that support the growth of utilities and to help lead the transformation to a more sustainable electric grid.
Company: Virtual Peaker, Inc.
Raised: $16.6M
Round: Series A
Funding Month: February 2022
Lead Investors: Moore Strategic Ventures (MSV)
Additional Investors: Emerson Ventures
Company Website: https://virtual-peaker.com/
Software Category: Distributed energy platform
About the Company: Virtual Peaker is a cloud-based distributed energy platform that empowers modern utilities to build the grid of the future and meet global decarbonization goals. The SaaS company’s platform suites unify all aspects of DER management, from DERMS to customer engagement and load forecasting. Virtual Peaker is a remote-first company based in the United States. Virtual Peaker currently employs about 40 people in various locations across the country. Virtual Peaker is already an international leader creating DERMS that help utilities seamlessly manage their distributed energy resources (DERs), including rooftop solar, wind, residential battery storage, and electric vehicles (EVs). Virtual Peaker is significantly expanding its platform to include Customer Engagement and Forecasting suites of products in addition to its DERMS suite.
Source: https://virtual-peaker.com/blog/virtual-peaker-announces-16-6-million-series-a-funding-round/