What is Vutility?
Founded in 2015 and headquartered in Sandy City, Utah, Vutility specializes in advanced energy monitoring technology. The company provides a sophisticated platform that enables businesses to track, analyze, and optimize their energy usage in real-time. By offering high-resolution data insights, Vutility empowers industrial and commercial enterprises to reduce waste, lower overhead costs, and meet increasingly stringent sustainability mandates. Their market position is defined by a commitment to actionable intelligence, transforming raw utility data into strategic assets that improve the bottom line while supporting corporate environmental, social, and governance (ESG) objectives.
How much funding has Vutility raised?
Vutility has raised a total of $11.9M across 2 funding rounds:
Debt
$150K
Series A
$11.8M
Debt (2020): $150K with participation from PPP
Series A (2020): $11.8M led by Cycle Capital Management Inc, University Venture Fund, Chevron Corporation, Constellation Technology Ventures, and Kickstart Seed Fund
Key Investors in Vutility
Kickstart Seed Fund
Kickstart Fund is a venture capital firm based in Salt Lake City and Denver, specializing in pre-seed and seed funding for startups in the Mountain West region.
Constellation Technology Ventures
Constellation Technology Ventures is an investment firm specializing in technology startups, focusing on supporting innovation and providing resources for emerging tech companies.
University Venture Fund
UVF is a student-run investment fund associated with the Venture & Impact Investing Program at the Sorenson Impact Institute, providing students with hands-on experience in evaluating new ventures.
What's next for Vutility?
With the successful closure of this major enterprise-level funding, Vutility is poised to scale its operations and expand its market footprint. The strategic backing from a diverse group of institutional investors suggests a focus on scaling the platform's capabilities and potentially entering new geographic or vertical markets. Moving forward, the company is expected to prioritize the enhancement of its proprietary monitoring hardware and software stack, ensuring that its clients remain at the forefront of energy efficiency. As the global economy continues to prioritize decarbonization, Vutility's ability to provide precise, scalable energy data will likely remain a critical component of the modern industrial infrastructure, positioning the firm for sustained growth and long-term value creation.
See full Vutility company page
