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David Energy Secures $19 Million In New Financing To Launch A New Kind of Electricity Supplier

David Energy

David Energy, a new kind of electricity supplier, today announced the close of $19 million in new financing. The new capital includes a $4.1M Seed round led by Equal Ventures and a $15 million working capital facility from Hartree Partners, a global merchant commodities firm specializing in energy and its associate industries. Additional seed investors include Operator Partners, Box Group, Greycroft, Sandeep Jain and Xuan Yong of RigUp, returning angel investor Kiran Bhatraju of Arcadia, and Jason Jacobs’ recently launched MCJ Collective, an early-stage climate tech fund.

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David Energy Announces $19M To Store And Deploy Power

Sophia Kunthara, Crunchbase News

Electricity supplier David Energy announced $19 million in funding Tuesday, which included a $4.1 million seed round and an additional $15 million in capital.

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Forbes 30 Under 30 2021: Energy ‘Powering a more sustainable future’

Forbes

David Energy CEO, James McGinniss is profiled on Forbes 30 Under 30 2021: Energy

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Midtown Skyscraper Showcases Real Estate Family’s Commitment to Energy Efficiency

Propmodo

The history of New York City’s skyline is one of fortitude, finance and family. Building and managing buildings in what has been the world’s most competitive property market for over a century takes hard work, ingenuity, and a longterm mentality. Because of this we there are a number of family businesses that have been able to create fortunes by building, buying and renovating buildings in ways that would not pencil out for investors looking for easy money or quick gains. One of the reasons for the success of these families is that they are able to make large investments in infrastructure that help their portfolios stay on the cutting edge of the industry. These investments require an upfront cost that would overrun many company’s capital expenditure budgets. These companies know that, just as these buildings will be an important part of New York City’s infrastructure for the foreseeable future, these assets will remain a valuable part of a portfolio for a long time and thus deserve the kind of future-proofing that will keep their top tier status in the market for generations to come. One of these families is the Resnick’s.

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DER Task Force: Ep. 4 – ClimateTech Investors

DER Task Force

In 2019, Madison Freeman from Energy Impact Partners presented on trends and predictions for DER-focused venture capital. This episode builds on her presentation as Colleen, Duncan, and James explore the transition from cleantech to climate tech. We explore the avenues of financing by examining David Energy's $1.5 million pre-seed funding round and Scale Microgrid Solutions' $300 million equity commitment to scale the company and finance microgrid projects. Plus, who thinks we need more companies like Enron?

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David Energy Raises $1.5M to Turn New York’s Buildings Into Energy Market Players

Jeff St. John, Greentech Media

Decreasing a building’s energy demand is one thing. A Brooklyn startup thinks owners can get more value out of their on-site energy assets. Brooklyn startup David Energy on Wednesday announced a $1.5 million pre-seed funding round, as it looks to transform into an energy retailer that helps customers get more value out of their solar and storage systems.

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