Energy utility E.ON is set to invest an undisclosed sum in Enervee, a US-based data analytics company focused on the energy market,.
Founded in 2012, Enervee has developed a platform that collects data concerning the energy consumption of home appliances, and presents that data alongside products and customer reviews.
The service enables users to make an informed choice about which devices could be replaced with more energy-efficient options. Enervee will use E.ON’s investment to adapt its platform for the European market.
Obvious Ventures and angel investors provided $3.7m for Enervee’s series A round last month. According to regulatory filings, Enervee also secured $1.4m in seed funding in December 2014 and $1m in debt financing in 2013.
Matthias Kurwig, CEO of Enervee, said: “Providing easily accessible information about the total cost (purchase price and cost of use) alongside environmental impact empowers consumers to take better decisions, especially when that information is seamlessly integrated in the marketplace at the time of purchase.”