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Ivy Energy secures $18M in Series A funding led by SolarEdge to accelerate onsite solar and distributed energy resources for multi-tenant properties

PRIVATEApr 12, 2024

Amount Raised

$18 Million

Round Type

Series A

San DiegoEnergyReal EstateSolar

Investors

Unit LeaderEnki Solar InvestmentsLegacy Capital VenturesAmerican Family Insurance Institute For Corporate And Social Impact (Am Fam Institute)Green Soil Prop Tech VenturesSolar Edge

Description

Ivy Energy, the creator of the trailblazing Virtual Grid Cloud software, proudly announces the closing of a $18 million Series A funding round. This round, led by global leader in smart energy technology, SolarEdge, marks a leap forward in Ivy Energy’s quest to transform the adoption of solar energy within shared communities, catalyzing a major shift towards sustainability in an underserved real estate arena and combating climate change.

Quick answer

Ivy Energy raised $18 Million in a Series A round, dated April 12, 2024. Investors: Unit Leader, Enki Solar Investments, Legacy Capital Ventures, American Family Insurance Institute For Corporate And Social Impact (Am Fam Institute), Green Soil Prop Tech Ventures and Solar Edge. Ivy Energy is based in San Diego, California, United States.

How much did Ivy Energy raise?
Ivy Energy raised $18 Million in a Series A round on April 12, 2024.
Who invested in Ivy Energy?
Unit Leader, Enki Solar Investments, Legacy Capital Ventures, American Family Insurance Institute For Corporate And Social Impact (Am Fam Institute), Green Soil Prop Tech Ventures and Solar Edge are named as investors in this round.
What does Ivy Energy do?
Ivy Energy enables real estate investors to monetize a solar asset used by their community.
Where is Ivy Energy based and how big is it?
Ivy Energy is based in San Diego, California, United States.
Who are the decision-makers at Ivy Energy?
Fundz holds 1 contact at Ivy Energy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Real Estate around the same time

Companies in the same sectors as Ivy Energy that raised within 45 days of this round, from Fundz verified event records.

  • Yellow raised $5M (Seed) on May 9, 2024.
  • Aura Power raised $13M (Grant) on May 1, 2024.
  • Pine Gate Renewables raised $650M on April 29, 2024.
  • ION Energy Company Limited raised $3M (Series A) on April 29, 2024.
  • Belltown Power raised an undisclosed amount (Funding Round) on April 24, 2024.
  • Ecozen raised $30M on April 19, 2024.

Who to call at Ivy Energy, and when

A new round usually means Ivy Energy is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Ivy Energy

Location

San Diego, California, United States

About

Ivy Energy enables real estate investors to monetize a solar asset used by their community. Tenants are paying for a product, a place to live. In doing so they are required to buy another necessary product, electricity. However, landlords have never been able to truly benefit from supplying energy to their tenants.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Ivy Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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