ConsumerPowerline Wins $17 Million in Series A Financing

New York, NY, based ConsumerPowerline, a leading strategic energy asset management firm, announced the completion of its $17 million Series A Preferred Financing. The round was led by Expansion Capital Partners, LLC, a leading Clean Technology venture capital firm, with co-investors Bessemer Venture Partners, as well as Schneider Electric Ventures, the New York City Investment Fund and Vantania Holdings, advised by Consensus Business Group. Diana Propper, partner at Expansion Capital Partners, and Justin Label, partner at Bessemer Venture Partners, will join ConsumerPowerline’s board of directors. The placement was facilitated by America’s Growth Capital. ConsumerPowerline will use the funds to expand Demand Response, smart metering technologies, permanent energy efficiency solutions and other products and services designed to pay end-users for the efficiencies that they offer to the national, regional and local energy markets. ConsumerPowerline’s President Mike Gordon said, “The significant investment provided by Expansion Capital Partners and Bessemer Venture Partners, along with our other value-add investors, will allow ConsumerPowerline to grow our team, enhance our products and services and expand our national presence. With this venture funding, ConsumerPowerline will be able to bring attractive and lucrative efficiency products and services to a much wider range of customers.”