Phoenix Energy Technologies, based in Aliso Viejo, CA, provides Smart Building IoT analytics solutions and has served customers for over 15 years under CEO Glen Schrank. Its EnterpriseDX IoT data platform connects to building systems and equipment without additional hardware, aggregating actionable data into a standardized web-based platform. The platform is positioned to generate ROI by optimizing equipment efficiency, reducing energy costs, decreasing repair and maintenance spend, and lowering capex by extending asset life. The company raised growth capital (amount undisclosed) to support its plans. Phoenix intends to use the funds to accelerate product development and to expand into retail, grocery, healthcare, and other commercial and institutional markets. The raise is intended to facilitate broader commercial deployment of its EnterpriseDX platform. Phoenix Energy Technologies provides enterprise energy management (EEM) software and services to retail, university and commercial customers in the U.S. and Canada. Its SaaS platform, EnterpriseDX, automates and integrates data sources that impact energy consumption and costs, giving energy management and facilities maintenance executives real-time visibility into building operations. The company’s services teams use EnterpriseDX to evaluate customer data, identify savings opportunities, and implement strategies to reduce energy consumption and costs. Founded in 2004 by CEO Lisa M. Varga, Phoenix is based in Irvine, CA and maintains an East Coast office in Bridgewater, NJ. The company secured a $5M financing to strengthen its position in the EEM market, with backers including Five Peaks Capital Management and Bluff Point Associates.

Total raised

$5M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2012