Geli Secures $7,000,000 Series A Funding

  • Feed Type
  • Date
    4/19/2016
  • Company Name
    Geli
  • Mailing Address
    657 Mission St. San Francisco, CA 94105 USA
  • Company Description
    Geli, which stands for Growing Energy Labs, Inc., provides software and business solutions to design, connect, and operate energy storage and microgrid systems. Geli’s suite of products creates an ecosystem where project developers, OEMs, financiers, and project operators can deploy advanced energy projects using a seamless hardware-agnostic software platform.
  • Website
    http://www.geli.net
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $7,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    Dan Loflin, Geli’s president and COO, said the funding will allow the company to bring on more hardware vendors as partners, build its energy analytics and aggregation capabilities, and scale to keep pace with market demand.
  • M&A Terms
  • Venture Investor
    Shell Technology Ventures