Led by CEO Amos Epstein, Tank Utility offers remote monitoring devices and logistics intelligence software that gives fuel providers an accurate, real-time view into customer tank levels. The platform enables just-in-time deliveries and can eliminate up to 50% of logistics costs while improving customer sentiment. Tank Utility currently monitors the tanks of more than 750 fuel providers across all 50 U.S. states and has delivered millions of dollars in logistics savings. The company is headquartered in Boston’s Downtown Crossing. It plans to use the new funding to expand its business reach and hire across product development, sales, marketing, customer success and operations. Open positions are based at its Boston headquarters. Tank Utility builds a smart meter and companion app to monitor propane tank levels for delivered fuels used to heat and power rural homes and businesses. The company is led by CEO Amos Epstein and is based in Boston, MA and Chicago, IL. Launched in late 2015, Tank Utility’s product has thousands of subscribers across 46 states and Canada. It raised $2.2M in seed funding to support growth. The round was led by Energy Foundry and Blue Fog Capital, with participation from Generac Power Systems, Bolt and other angel investors. The company intends to use the funds to accelerate growth.

Total raised

$8M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2019