What is OhmConnect?
Founded in 2014, OhmConnect operates a sophisticated residential energy flexibility platform that bridges the gap between consumer behavior and grid stability. The company empowers households to reduce electricity consumption during peak demand periods, effectively creating a virtual power plant that provides essential services to utility providers. By transforming residential energy usage into a tradable commodity, OhmConnect occupies a unique position at the intersection of consumer technology and utility-scale infrastructure, addressing the critical need for grid resilience in an era of increasing electrification and climate-driven energy volatility.
How much funding has OhmConnect raised?
OhmConnect has raised a total of $143.8M across 4 funding rounds:
Series B
$8.5M
Debt
$350K
Private Equity
$80M
Series D
$55M
Series B (2018): $8.5M with participation from Jennifer Fonstad, Jerry Yang, Josh Cohen, Kat Taylor, Mike Maples, Mark Pincus, and Dan Skaff
Debt (2020): $350K led by PPP
Private Equity (2020): $80M supported by Sidewalk Infrastructure Partners
Series D (2022): $55M featuring ClearSky, Sidewalk Infrastructure Partners, and Telus Ventures
Key Investors in OhmConnect
Sidewalk Infrastructure Partners
Sidewalk Infrastructure Partners focuses on pioneering technology-enabled infrastructure to enhance urban life and create long-term value through intelligent and scalable energy systems.
Kat Taylor
Kat Taylor is a Seattle-based artist and investor who supports initiatives that align with sustainable development and community-focused innovation.
Telus Ventures
Telus Ventures is the strategic investment arm of Telus, focusing on high-growth companies that leverage technology to improve connectivity and sustainability.
What's next for OhmConnect?
With the backing of major institutional players, OhmConnect is well-positioned to scale its operations and deepen its integration with regional energy markets. The company's strategic roadmap likely involves expanding its user base and enhancing its algorithmic capabilities to better predict and manage load shedding events. As the energy transition accelerates, the firm's ability to provide scalable, software-defined flexibility will be instrumental in supporting the integration of renewable energy sources and maintaining grid reliability. Future growth will likely focus on deepening partnerships with utility providers and exploring new revenue streams within the decentralized energy ecosystem.
See full OhmConnect company page
