Real estate electricity trading platform Blueprint Power has been backed by Congruent Ventures, whose limited partners include University of California.

US-based real estate electricity trading platform Blueprint Power closed a $3.5m series A round today co-led by Congruent Ventures, a sustainability-focused VC fund backed by University of California.
Congruent co-led the round alongside accelerator VC firm MetaProp NYC, and angel investors Fred Wilson and Brad Burnham.
Other investors included home construction and real estate company Lennar and 174 Power Global, a solar electricity affiliate of energy firm Hanwha Energy, itself part of diversified conglomerate Hanwha Business Group.
Blueprint also drew funding from Urban-X, an accelerator backed by car manufacturer BMW’s Mini subsidiary and VC fund Urban Us, along with Urban Us itself, Fifth Wall Ventures and angel investor Craig Robins.
Founded in 2017, Blueprint Power has developed a machine learning-based technology that allows real estate developers to sell surplus electricity from their properties on power trading markets.
The tools monitor on-site demand and market prices and can also evaluate the sale of electricity sourced from household facilities such as solar panels or cell batteries.
Blueprint Power previously secured $500,000 in equity funding from undisclosed investors in December 2017, according to a regulatory filing. It had received $100,000 three months previously upon joining the third cohort of Urban-X’s accelerator.
Lennar and Fifth Wall Ventures are Blueprint Power’s founding investors, though further details could not be ascertained.