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Bidgely Closes $27 Million Series C Financing

Bidgely Closes $27 Million Series C Financing
Credit: bidgely.com

U.S.-based Bidgely announced today that it has closed a $27 million Series C round of financing. Investment fund Georgian Partners led the oversubscribed round. Returning investors include Khosla Ventures, E.ON, and innogy.

By combining the power of SaaS-based analytics with consumer-friendly web and mobile applications, Bidgely aims to provide personalized and actionable insights to help customers save energy and enable utilities to build enduring customer relationships. The company works with utilities serving residential customers around the world.

The new funding will be used to expand Bidgely’s Bangalore office with dedicated engineers and data scientists to deepen the company’s disaggregation technology. The money will also be applied to accelerating growth in Europe and Asia by expanding local sales and customer success teams.