How Much Did CalCERTS Raise?
Funding & Key Investors

CalCERTS, formerly a pivotal entity in the energy efficiency sector, secured significant capital throughout its operational tenure. The firm reached a cumulative valuation milestone represented by $466K, bolstered by a major strategic investment of $316K in early 2021. This influx of financing underscored the company's critical role in supporting California's rigorous energy standards and the broader HERS rater ecosystem.

What is CalCERTS?

CalCERTS
EducationTraining

As a California Energy Commission-approved HERS provider, CalCERTS functioned as a cornerstone for energy efficiency training and certification. The organization specialized in equipping HVAC contractors, builders, and independent raters with the necessary credentials, including EPA 608 certification, to navigate complex regulatory landscapes. By maintaining a comprehensive registry and providing accredited educational pathways, the company served as a vital intermediary between state energy mandates and industry practitioners. Despite its established market position, the company ceased all operations and shuttered its registry services on August 2, 2024, marking the end of its influence in the energy compliance market.

How much funding has CalCERTS raised?

CalCERTS has raised a total of $466K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$316K

Debt (2020): $150K with participation from PPP

Debt (2021): $316K led by PPP

Key Investors in CalCERTS

PPP

Public-Private Partnership

What's next for CalCERTS?

Following the cessation of operations in August 2024, the focus shifts toward the legacy of the company's data and the transition of its former user base to alternative compliance providers. The closure highlights the volatility inherent in specialized regulatory service markets, where reliance on state-level mandates can create significant operational risks. Stakeholders and industry observers are now evaluating the impact of this vacancy on the California energy efficiency sector, specifically regarding how the void left by the registry will be filled by emerging competitors or state-led initiatives to ensure continued compliance for builders and contractors.

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Frequently Asked Questions Regarding CalCERTS Financial Insights

What are the most recent funding rounds that CalCERTS has completed, and what were the funding rounds?
CalCERTS has recently completed 2 funding rounds: Debt on Feb 16, 2021, Debt on May 3, 2020.
What is the total amount of funding CalCERTS has raised to date?
CalCERTS has raised a total of $466K in funding to date.
How many funding rounds has CalCERTS completed?
CalCERTS has completed 2 funding rounds.
How much funding did CalCERTS raise in its most recent funding round?
CalCERTS raised $316K in its most recent funding round.
Who are the lead investors in CalCERTS's latest funding round?
The lead investor in CalCERTS's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in CalCERTS's history?
The largest funding round in CalCERTS's history was $316K.
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