What is ConnectDER?
ConnectDER operates at the critical intersection of utility infrastructure and consumer-facing energy technology. By engineering a proprietary solution that converts electricity meter sockets into all-in-one interconnection points, the company effectively bypasses the need for costly and invasive service panel upgrades. This innovation facilitates the seamless integration of solar arrays, battery storage systems, and electric vehicle charging infrastructure. Currently approved for deployment across more than 20 states and serving a footprint of 16 million households, ConnectDER is fundamentally reducing the friction associated with residential electrification and grid modernization.
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 Avista Development Inc, Clean Energy Ventures, and Skyview Ventures
Series C (2023): $27M supported by Skyview Ventures, Energy Innovation Capital, and Evergy Ventures
Series D (2024): $35M featuring LG Technology Ventures, Massachusetts Mutual Life Insurance, Evergy Ventures, Clean Energy Ventures, Avista, BlackRock, ZOMA Capital, Energy Innovation Capital, and Temasek
Key Investors in ConnectDER
LG Technology Ventures
A Silicon Valley-based venture capital firm supporting early- and growth-stage innovators in AI, biotech, and cleantech with nearly $1 billion in assets under management.
Temasek
A global investment company headquartered in Singapore that operates as a generational investor with a long-term focus on sustainable growth and future-ready technologies.
BlackRock
One of the world's largest asset managers, providing comprehensive investment, risk management, and advisory services to institutional and individual clients globally.
What's next for ConnectDER?
The infusion of capital from this latest round provides the necessary runway for ConnectDER to expand its geographic reach and deepen its integration with utility providers. As the energy sector shifts toward decentralized models, the company's ability to enhance grid safety while lowering installation barriers positions it as a vital partner for utilities aiming to meet decarbonization targets. Future strategic initiatives will likely focus on scaling manufacturing capabilities and broadening the compatibility of its hardware to support the next generation of smart home energy management systems, ensuring the company remains at the forefront of the energy transition.
See full ConnectDER company page
