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Recurve provides a platform for demand flexibility, enabling utilities and partners to convert customer data into reliable, cost-effective demand-side programs. Its FLEX Insights and FLEX Programs offer tools for planning, segmentation, scenario analysis, and comprehensive program management. This approach leverages transparent, meter-based measurement and verification to optimize program performance.
Established in 2015, Recurve was founded on the insight that the energy sector lacked clear understanding of demand-side program efficacy. The company recognized the need to move beyond slow feedback loops and subjective evaluations, providing data-driven insights. This principle sought to equip energy stakeholders with precise tools to assess and enhance program impact.
Recurve serves utilities, program implementers, and technology partners, who utilize its software to design and scale energy efficiency and demand response initiatives. The company’s vision is to integrate demand-side programs as central, flexible components of the grid. Through platform refinement, Recurve ensures energy data remains clear, trusted, and actionable for all users.
Recurve has raised $32.0M across 3 funding rounds.
Recurve has raised $32.0M in total across 3 funding rounds.
Recurve has raised $32.0M in total across 3 funding rounds.
Recurve's investors include Drake Welsh, Energy Foundry, Quantum Innovation Fund, Toshiba Energy Systems & Solutions, Lowe's, RockPort Capital, Tod Francis, Verve Ventures.
Recurve is a technology company providing an open-source SaaS platform for demand flexibility in the energy sector. It builds FLEX, software that measures grid energy usage, enables design, execution, optimization, and scaling of demand-side programs like energy efficiency and demand response, serving utilities, implementers, and technology partners.[1][2][4] The platform addresses outdated tools and siloed data by delivering transparent, data-driven insights for reliable, cost-effective programs, with recent growth including a Series C raise of $12.27M–$12.6M about one month ago, bringing total funding to $38.27M.[1][4]
Recurve powers grid innovation through tools like FLEX Insights for planning and FLEX Programs for verified results, helping transform customer data into actionable demand-side interventions amid rising grid challenges.[2][4] Its momentum reflects expanding adoption, partnerships with utilities like Sonoma Clean Power and MCE for virtual power plants and EV load-shifting, and recognition as a Challenger in utility asset management platforms.[1]
Recurve originated in 2004 in Covina, California, initially focused on energy efficiency programs, evolving into a demand flexibility leader.[1] By 2015, it pivoted to address energy's "biggest blind spots" in demand-side performance, partnering with utilities, implementers, regulators, and tech firms to replace slow feedback loops with the FLEX platform for real-time visibility and impact.[2]
Key leadership includes CEO Matt Golden, who has driven "pay-for-performance" programs like FLEXmarket in California; CTO Mark Kinsella, with scaling experience at Opendoor and Lyft; and VP Product Brian Glynn, a cleantech SaaS veteran from Okta and MACH Energy.[1][2] Early traction came from boosting efficiency retrofits and HVAC upgrades, with headquarters now listed variably in Covina and San Francisco.[1][3]
Recurve rides the demand flexibility trend, centralizing demand-side resources amid grid strain from electrification, renewables intermittency, and decarbonization mandates.[2][4] Its timing aligns with California's pay-for-performance rollouts and national pushes for virtual power plants (VPPs), where outdated tools fail; FLEXmarket and similar innovations boost efficacy by 20-30% in retrofits and load management.[1]
Market forces like AI-driven asset management, real-time analytics, and regulatory incentives favor Recurve, positioning it as a Challenger against firms like LineVision in a landscape optimizing electricity networks for efficiency and resilience.[1] It influences the ecosystem by enabling utilities (e.g., Sonoma Clean Power) to scale VPPs, cut costs, and integrate EVs/tech partners, accelerating the shift to performance-based grids.[1][4]
Recurve's fresh $12M+ Series C extends its runway to expand FLEX amid surging demand flexibility needs, likely targeting more VPPs, AI-enhanced forecasting, and national utility adoption beyond California.[1][4] Trends like extreme weather, EV proliferation, and federal clean energy incentives will propel growth, potentially evolving Recurve into a grid orchestration standard-setter.
With its open-source edge and proven impact, Recurve exemplifies how transparent software unlocks demand-side potential, powering the reliable, modern grid its mission demands.[2]
Recurve has raised $32.0M across 3 funding rounds. Most recently, it raised $18.0M Series B in August 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 30, 2022 | $18.0M Series B | Drake Welsh, Energy Foundry, Quantum Innovation Fund, Toshiba Energy Systems & Solutions | |
| Jun 23, 2010 | $8.0M Series B | Lowe's, RockPort Capital, Tod Francis | |
| Sep 1, 2008 | $6.0M Series A | Verve Ventures |