Details

Last Funding Type

Series A

Last Funding Money Raised

$8M

Industries

Clean Energy,CleanTech,Energy,Energy Efficiency,Smart Cities

Founded date

Jan 1, 2014

Number Of Employee

51 - 100

Operating Status

Active

Legal Name

BlocPower Public Benefit Corp

BlocPower is an energy technology startup that develops healthier, greener, and smarter buildings.

It leverages advanced technologies, innovative electrification equipment, and structured finance to provide green heating and cooling to urban buildings. The company also connects government agencies, utilities, building owners, and smart equipment providers to identify unhealthy, energy-wasting buildings to retrofit. Its propriety machine learning platform then determines which retrofits will produce the most energy savings at scale and uses the cloud and IoT to gather data and remotely monitor energy consumption. Since its founding, BlocPower has completed energy projects in nearly 1,000 buildings and delivers results ahead of schedule and under budget. It utilizes its proprietary software for analysis, leasing, project management, and monitoring of urban clean energy projects and its customers are saving 20-40% on their energy bills each year. The company is backed by top investors, including Kapor Capital, Andreessen Horowitz, American Family Insurance Institute for Corporate and Social Impact, AccelR8, The Goldman Sachs Urban Investment Group, Elemental Excelerator, CityRock Venture Partners, The Schmidt Family Foundation, and Salesforce Ventures.

Donnel Baird and Morris Cox co-founded the company in Brooklyn, New York in 2014.