FirstFuel Software, a utility analytics platform, has raised $8.5 million in Series B funding from new and existing investors including E.ON SE, Battery Ventures, Rockport Capital and Nth Power. The infusion brings the company’s total backing to about $21 million, including a $10 million Series A investment that valued the company at $24.5 million in February of last year.
The new funding will support FirstFuel’s continued expansion in North America and globally. Additionally, the capital will help further accelerate development of the company’s Remote Building Analytics platform, which leverages data analytics to drive scalable efficiency in commercial buildings. The FirstFuel platform provides fully-integrated remote energy analytics and services, including portfolio efficiency screening, customer engagement, energy audits, and performance monitoring and verification.