EnTouch Controls, a provider of cloud-based energy management systems for restaurant and retail chains, announced it has raised a total of $8.25 million in Series B equity and debt financing.
The financing was led by SJF Ventures and included new investor NRG Energy Inc. and the company's initial investor Trailblazer Capital. The round includes an expanded debt facility from Comerica Bank's Technology and Life Sciences Division, according to a news release.
The new funding will be used to expand the company's energy management service offerings, accelerate development of energy analytics and load curtailment tools and add to its sales and support staff to serve its national chain restaurant and retail customers.
"Significant investment has gone into energy management systems for large buildings and for homes, but very little into solutions for small retail facilities," said David Kirkpatrick, SJF managing director and co-founder. "EnTouch's system takes advantage of new wireless and machine-to-machine technology to deliver immediate energy savings and ROI while providing enterprise-level analytics and controls for managers of hundreds of stores."
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