US-based home energy management company EnergyHub has closed a $14.5m round of series B funding from a range of investors including Physic Ventures, the fund backed by, among others, Pepsi, Unilever and healthcare company Humana.
Joining the public fund in the round is investment partnership Acadia Woods, venture capital firm .406 Ventures and public investment fund the New York City Investment Fund. Physic and .406 had previously invested an undisclosed amount for EnergyHub’s April 2009 series A round.
EnergyHub’s software and management systems allow customers to monitor and control energy consumption in their homes. EnergyHub plans to use the investment to launch its new wireless thermostat service, known as Mercury.