What is Noesis/LeaseQ?
Noesis, operating as LeaseQ, positions itself as a crucial financing partner for over 200 industry-leading companies. The platform facilitates billions of dollars in annual equipment and services sales by addressing a primary barrier to energy efficiency projects: budget constraints. Noesis provides attractive, time-sensitive payment options, including 'no payments & no interest for six months,' to encourage immediate purchasing decisions by building owners. The company's unique offering includes pre-funding for eligible projects and partners before completion, eliminating the need for customers to pay upfront. Its fully online, streamlined application process enhances customer satisfaction and differentiates it from competitors by being the sole provider of promotional payment plans for commercial energy efficiency sales.
How much funding has Noesis/LeaseQ raised?
Noesis/LeaseQ has raised a total of $55.5M across 5 funding rounds:
Series A
$6.5M
Series B
$8M
Series C
$6M
Unspecified
$30M
Private Equity
$5M
Series A (2011): $6.5M, investors not publicly disclosed
Series B (2012): $8M led by Black Coral Capital and Austin Ventures
Series C (2014): $6M supported by Black Coral Capital and Austin Ventures
Unspecified (2014): $30M featuring Black Coral Capital and Austin Ventures
Private Equity (2015): $5M, investors not publicly disclosed
Key Investors in Noesis/LeaseQ
Black Coral Capital
Black Coral Capital is a venture capital firm focused on reinventing energy and resource markets, supporting innovative cleantech solutions and driving advancements in these sectors. They invest in management teams aiming for purpose alongside profit.
Austin Ventures
Austin Ventures is a Texas-based investment firm with a long history of empowering entrepreneurs, focusing on early-stage and middle-market investments with a patient, long-term approach to business building.
What's next for Noesis/LeaseQ?
The substantial enterprise-level backing and recent strategic investment signal a strong growth trajectory for Noesis/LeaseQ. This capital is likely to be deployed towards enhancing its proprietary technology platform, expanding its sales and marketing efforts to onboard more equipment vendors, and potentially exploring new vertical markets beyond energy efficiency. The company's focus on innovative payment solutions and its unique position in the market suggest a strategy aimed at capturing a larger share of the commercial equipment financing landscape, driving further adoption of energy-efficient technologies through accessible financing.
See full Noesis/LeaseQ company page
