Verse™ raised $20.5 Million in Series A funding led by GV to help organizations reduce electricity costs & emissions

May 22, 2024•over 1 year ago

Amount Raised

$20.5 Million

Round Type

series a

San FranciscoRenewable Energy

Investors

Mcj CollectiveCivCoatueGv

Description

Verse has raised a $20.5M Series A funding round led by GV (Google Ventures) with participation from Coatue, CIV, and MCJ Collective. The investment will support Verse as it scales commercial operations and develops new product capabilities to help organizations reduce emissions and lower electricity costs.

Company Information

Company

Verse

Location

San Francisco, California, United States

About

Verse is an enterprise SaaS company that helps organizations reduce the cost and emissions of their power. Our software and services help corporate energy buyers evaluate specific clean power goals (e.g., cost, emissions, risk), and develop procurement roadmaps to achieve annual matching, carbon matching, and/or hourly matching. Companies can also improve risk management and optimize operational load and generation portfolios. With unparalleled data, real-time analysis within minutes, and optimization for least cost, Verse helps organizations turn their energy challenges into successes.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends