Tech Company Financing Transactions
BlocPower Funding Round
Builders Vision, Credit Suisse and Gaingels participated in a $154 million funding round for BlocPower. The funding round was announced on 3/1/2023.
Transaction Overview
Company Name
Announced On
3/1/2023
Transaction Type
Venture Equity
Amount
$154,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to further develop its proprietary BlocMaps SaaS analytics platform, grow its financing and administrative capabilities, and broaden its Civilian Climate Corps green workforce initiative, focused on training and hiring at-risk individuals in vulnerable communities.
Company Information
Company Status
Private & Independent
Industry
Environmental
Mailing Address
63 Flushing Ave. Bldg 212 507
Brooklyn, NY 11205
Chile
Brooklyn, NY 11205
Chile
Phone
Website
Email Address
Overview
BlocPower uses data, thermodynamic models, structured finance, IoT and edge computing to make city buildings, greener, smarter and healthier. Property owners in many communities often spend as much as 30% of total income on energy costs, and in some cases don't have the capital or credit to access energy saving technologies.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Donnel Baird
Chief Operating Officer
Grace Park-Bradbury
General Manager
Keith Kinch
VP - Engineering
Dash Abhishek
VP - Engineering
Doris Han
VP - Engineering
Cullen Kasunic
VP - Engineering
Dom Lempereur
VP - Product Management
Andrea Lee
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