Participated · Series A · Apr 2024

Ivy Energy builds the Virtual Grid Cloud, a SaaS platform that enables onsite solar distribution, battery storage management, and integrated EV charging for multi-tenant real estate. The platform uses proprietary algorithms and smart-grid technologies to monetize onsite energy for property owners and lower energy costs for tenants. Ivy positions its products to address split-incentive barriers that have limited solar adoption in shared living spaces. The company offers end-to-end digital management of shared onsite energy programs and emphasizes owner revenue, compliance, and resident experience. Ivy plans to expand its technological and geographic footprint, introduce new products, enhance end-user experiences, and create additional revenue streams for clients. The company closed an $18M Series A to fund that growth and scale its operations.