Posted April 29, 2020
Technical.ly DC: Bethesda-based GreenGen Ventures made a $125K equity investment in Datakwip
"Having been a Datakwip client for more than a year, we’ve witnessed firsthand the ease with which Datakwip’s platform can be integrated across assets in the built environment," said GreenGen CEO Brad Dockser, who has joined the software company's advisory board.
Bethesda, Maryland-based GreenGen Ventures has made a $125,000 equity investment in Frederick, Maryland-based Datakwip as part of the startup’s ongoing seed round.
GreenGren Ventures is the venture arm of GreenGen, a company that curates an energy data analytics platform. The corporate company launched in 2009, while the venture firm launched last year.
Founded in 2016, Datakwip is the curator of a cloud-based energy analytics platform for smart buildings. The software company provides a platform that helps its customers reduce their energy usage by leveraging whatever existing equipment they have.
This investment from GreenGen is part of an ongoing $1.5 million seed round that also includes investments from TEDCO, University of Maryland’s Momentum Fund and the Chesapeake Bay Seed Fund, GreenGen spokesperson Jenny Wang told Technical.ly.
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