Congruent Ventures is among the backers of a $33m series B round for Omnidian, having already taken part in a series A round two years ago.
Omnidian, a US-based solar energy asset servicing company, secured $33m in a series B round backed by Congruent Ventures, the sustainability-focused fund backed by University of California, yesterday.
Activate Capital led the round, which additionally attracted insurer Liberty Mutual Insurance and Wind Ventures, the corporate venture capital unit of energy firm Copec.
National Grid Partners (NGP), Evergy Ventures and Avista Development, respective investment units of utilities National Grid, Evergy and Avista, also joined the round, as did energy supplier Centrica
City Light Capital, IA Capital, Energy Foundry and Blue Bear Capital completed the investor line-up.
Founded in 2015, Omnidian markets a machine learning-powered monitoring platform for residential and commercial solar energy systems. The software provides features such as system diagnostics and maintenance alerts.
The money will allow Omnidian to hire more staff as it seeks to bolster its solar assets under management, expand internationally and explore the monitoring of other…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
