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Based in Seattle, Washington, Allumia provides Energy Efficiency-as-a-Service to commercial and industrial businesses by funding, installing, and maintaining equipment upgrades without requiring upfront capital. The company utilizes a proprietary software platform and IoT technology to meter exact energy savings from facility improvements, such as LED lighting and HVAC systems. Revenue is generated through shared savings contracts over set terms, allowing clients to reduce carbon emissions while lowering operational expenses. Operating with fewer than 50 employees, the enterprise secured $7.5 million in Series A funding in 2022 led by JW Asset Management to expand its utility channel partnerships. Allumia licenses its platform to major utility providers and has established strategic relationships with recognizable industry entities including Duke Energy, National Grid Partners, Energy Foundry, and American Electric Power. The organization was founded in 2014 by Aaron Block.
Allumia has raised $7.5M across 1 funding round.
Allumia has raised $7.5M in total across 1 funding round.
Allumia has raised $7.5M in total across 1 funding round.
Allumia's investors include JW Asset Management, American Electric Power, Duke Investments.
Allumia has raised $7.5M across 1 funding round. Most recently, it raised $7.5M Series A in February 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 8, 2022 | $7.5M Series A | JW Asset Management | American Electric Power, Duke Investments | Announced |
