Energy Software Company Serious Energy Raises New Venture Money

by Terrence Murray - November 21, 2011

Serious Energy, the developer of cloud-based energy management software,  has secured nearly $30 million in new equity financing.

Sunnyvale, Calif.-based Serious Energy has secured $29.6 million in new financing, shows recently filed regulatory documents. Those same documents also show that Chicago-based Advance Equities helped in the fund raising.

According to our own count, this year alone the company has raised about $32 million.

Back in June Serious Energy CEO Kevin Surace told G.E.R. that it was raising capital to acquire other energy software developers.

Part of that latest raise could finance SeriousCapital, a recently launched initiative that pays for any energy efficiency upgrades Serious Energy customers may need. We’ve contacted the company for more details.

Serious Energy’s venture backers include New Enterprise Associates (NEA), Foundation Capital, Mesirow Financial, Rustic Canyon Partners, EnerTech Capital and VantagePoint Partners.


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