25 Aug '11, 1pm

EnergyHub Closes $14.5 in Series B Funding: Money keeps coming into the busy, yet nascent, home energy managem...

EnergyHub Closes $14.5 in Series B Funding: Money keeps coming into the busy, yet nascent, home energy managem...

Money keeps coming into the busy, yet nascent, home energy management space. The latest recipient is EnergyHub , which announced a series B round of funding on Thursday. The latest round raised $14.5 million from .406 Ventures and Physic Ventures and two new investors, Acadia Woods and the New York Investment Fund. The money will be used to expand business and support the launch of its Mercury wireless thermostat software service . “EnergyHub has successfully built a multi-channel business while maintaining its mission to keep energy efficiency simple, informative, and actionable,” Jeff Samberg of Acadia Woods, said in a statement. “The company has established itself as a leader in the energy management field with proven solutions that meet the needs of the marketplace.” Although the needs of the marketplace are still fuzzy, EnergyHub is willing to morph to meet that marke...

Full article: http://www.greentechmedia.com/articles/read/energyhub-clo...

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