Loading organizations...
Loading organizations...
Ivy Energy is a cloud-based solar technology platform enabling multi-tenant properties to utilize shared solar energy, headquartered in Downtown San Diego, California. The company provides a turn-key service with intelligent Virtual Grid Cloud software for distributing solar power and billing across residents, addressing the "split incentive challenge" for renters. It has raised $19.5 million in total capital, including an $18 million Series A round led by SolarEdge. Other investors include American Family Insurance Institute for Corporate and Social Impact and GreenSoil PropTech Ventures. Founded in 2019 by Dover Janis, Ivy Energy has 50 employees and saw its active project pipeline grow 450% in 2024, projected to exceed 600% by year-end. Its business model centers on ivy Energy operates as a greentech software company that appears to generate revenue through implementation and licensing of its Virtual Grid Cloud platform to multi-tenant property operators. The company is venture-funded rather than revenue-dependent.
Ivy Energy has raised $18.0M across 1 funding round.
Ivy Energy has raised $18.0M in total across 1 funding round.
Ivy Energy has raised $18.0M in total across 1 funding round.
Ivy Energy's investors include SolarEdge Technologies, American Family Insurance Institute for Corporate and Social Impact, Enki Solar Investments, David Kolada, Legacy Capital Ventures, UnitLeader.
Ivy Energy has raised $18.0M across 1 funding round. Most recently, it raised $18.0M Series A in April 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 17, 2024 | $18.0M Series A | SolarEdge Technologies | American Family Insurance Institute for Corporate and Social Impact, Enki Solar Investments, David Kolada, Legacy Capital Ventures, UnitLeader |
