Regen Energy provides SWARM Energy Management®, a wireless smart grid technology platform that helps organizations manage electrical demand and reduce energy costs. The platform is used by more than 300 organizations operating small to mid-sized commercial, industrial and institutional buildings. Led by President and CEO Pete Malcolm, the company operates out of San Marcos, California and Toronto, Canada. Regen Energy raised funds to support continued operational growth. The company emphasizes demand management across distributed building portfolios via its wireless SWARM platform. No revenue or other financial metrics were disclosed in the article. Regen Energy develops a wireless electrical load management and automated demand response platform. Its patented Swarm Energy Management™ smart grid technology lets building owners manage electrical demand and enables small to mid-sized commercial, industrial and institutional buildings without building automation to participate in automated demand response and dynamic load management markets. The company is led by President and CEO Tim Angus and is based in Toronto, Canada and Newport Beach, California. Regen held a USD$7M initial close to its Series B round. It intends to use the funds to increase marketing, sales and support infrastructure and to enhance product features. The company plans to continue growing in North America and internationally. REGEN Energy provides hardware and services that enable commercial, industrial, institutional and multi-unit residential facilities to reduce electrical demand charges. The company works through a network of resellers and engineering consulting firms across Canada and the United States. Founded in 2005 and led by President and CEO Tim Angus, REGEN opened an office in California in September and has a Toronto headquarters. It recently closed a $5.5M equity funding round and will use the proceeds to expand marketing activities across North America. REGEN plans to focus resources in the U.S. southwest (particularly California) and the U.S. Northeast, where utilities offer substantial financial benefits via demand reduction and incentive programs. In conjunction with the financing, representatives from the investors will join REGEN’s board.

Total raised

$25M

Funding rounds

3

Latest round

Series B

Latest activity

Oct 2014