What is ConnectDER?
ConnectDER is a pioneering technology firm focused on the modernization of the electrical grid through innovative hardware solutions. By transforming standard electricity meter sockets into comprehensive interconnection points, the company enables seamless integration for solar arrays, battery storage systems, and electric vehicle charging infrastructure. This approach effectively bypasses the need for costly and invasive home electrical upgrades, such as service panel replacements or complex in-home wiring. By streamlining the installation process, ConnectDER not only reduces barriers to entry for homeowners but also enhances grid safety and reliability, positioning itself as a critical enabler of the global energy transition.
How much funding has ConnectDER raised?
ConnectDER has raised a total of $70.3M across 4 funding rounds:
Series A
$1.1M
Series B
$7.3M
Series C
$27M
Series D
$35M
Series A (2017): $1.1M, investors not publicly disclosed
Series B (2020): $7.3M led by Clean Energy Ventures, Skyview Ventures, and Avista Development Inc
Series C (2023): $27M supported by Energy Innovation Capital, Evergy Ventures, and Skyview Ventures
Series D (2024): $35M featuring Energy Innovation Capital, MassMutual Ventures, Temasek, Evergy Ventures, ZOMA Capital, Avista, Clean Energy Ventures, BlackRock, and LG Technology Ventures
Key Investors in ConnectDER
Energy Innovation Capital
Energy Innovation Capital invests in companies that are developing next-generation technologies aimed at ensuring abundant, clean, and accessible energy.
MassMutual Ventures
MassMutual Ventures is a venture capital investment firm that primarily invests in cybersecurity, healthtech, and enterprise SaaS.
Temasek
Founded in 1974, Temasek is a global investment company headquartered in Singapore that acts as a generational investor with a focus on long-term value.
What's next for ConnectDER?
With the successful closure of this major strategic investment, ConnectDER is poised to enter a phase of rapid scaling and market maturation. The company's strategic roadmap likely involves deepening its partnerships with utility providers and expanding its geographic reach to meet the rising demand for residential electrification. As the grid faces increasing pressure from the proliferation of distributed energy resources, ConnectDER's ability to provide a standardized, cost-effective interconnection point will be vital. Future growth will likely focus on enhancing product interoperability and strengthening its supply chain to support the anticipated surge in EV adoption and home energy storage deployments, solidifying its role as a cornerstone of modern energy infrastructure.
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