What is Encycle?
Encycle Technologies, Inc. is at the forefront of revolutionizing commercial HVAC management with its patented machine learning solutions. Their flagship product, Swarm Logic, integrates with existing building controls to deliver real-time adaptive intelligence, optimizing HVAC performance for improved energy efficiency, enhanced building comfort, and significant reductions in operating expenses and carbon footprints. The company primarily targets multi-site commercial and industrial clients, including building owners, operators, and utility partners, aiming to transform energy management strategies through sustainable and intelligent automation.
How much funding has Encycle raised?
Encycle has raised a total of $11.5M across 1 funding round:
Private Equity
$11.5M
Private Equity (2016): $11.5M with participation from EnerTech Capital, Prelude Ventures, BDC, Export Development Canada, and NGEN Partners
Key Investors in Encycle
EnerTech Capital
EnerTech Capital is a venture capital firm with over 25 years of experience investing in innovative energy sector companies, focusing on Mobility, Industry 4.0, and Connected Customer solutions. They support entrepreneurs in transforming industries through strategic collaboration and a broad stakeholder ecosystem.
Prelude Ventures
Prelude Ventures is an investment firm dedicated to supporting early-stage startups that offer significant potential for climate change mitigation across sectors like the built environment, carbon management, and energy. Their mission is to drive impactful change in the climate sector through innovative solutions.
NGEN Partners
NGEN Partners is a venture and growth equity investor that backs entrepreneurs focused on transforming industries through innovation and environmentally sustainable products and services. They invest in companies that positively impact the environment and human wellness, particularly in Ag-Tech, Health & Wellness, and Tech-Enabled Sustainability.
What's next for Encycle?
With the recent influx of enterprise-level capital, Encycle is strategically positioned for significant scaling and market expansion. The company's focus on energy efficiency and sustainability in commercial HVAC systems aligns with growing global demands for reduced carbon emissions and operational cost savings. This investment will likely fuel further development of their Swarm Logic platform, enhance sales and marketing efforts to reach a broader client base, and potentially explore new market verticals or geographical expansions. The backing from established investors in the energy and technology sectors underscores confidence in Encycle's innovative approach and its potential to lead the transformation of building energy management.
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