BlocPower

company

About

BlocPower is an energy technology startup that develops healthier, greener, and smarter cities.

Details

Last Funding Type
Series A
Last Funding Money Raised
$8M
Industries
Clean Energy,CleanTech,Energy,Energy Efficiency,Smart Cities
Founded date
Jan 1, 2014
Number Of Employee
51 - 100
Operating Status
Active
Legal Name
BlocPower Public Benefit Corp

BlocPower is an energy technology startup that develops healthier, greener, and smarter buildings.

It leverages advanced technologies, innovative electrification equipment, and structured finance to provide green heating and cooling to urban buildings. The company also connects government agencies, utilities, building owners, and smart equipment providers to identify unhealthy, energy-wasting buildings to retrofit. Its propriety machine learning platform then determines which retrofits will produce the most energy savings at scale and uses the cloud and IoT to gather data and remotely monitor energy consumption. Since its founding, BlocPower has completed energy projects in nearly 1,000 buildings and delivers results ahead of schedule and under budget. It utilizes its proprietary software for analysis, leasing, project management, and monitoring of urban clean energy projects and its customers are saving 20-40% on their energy bills each year. The company is backed by top investors, including Kapor Capital, Andreessen Horowitz, American Family Insurance Institute for Corporate and Social Impact, AccelR8, The Goldman Sachs Urban Investment Group, Elemental Excelerator, CityRock Venture Partners, The Schmidt Family Foundation, and Salesforce Ventures.

Donnel Baird and Morris Cox co-founded the company in Brooklyn, New York in 2014.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
12
$111.42M
BlocPower has raised a total of $111.42M in funding over 2 rounds. Their latest funding was raised on Jan 14, 2022 from a Debt Financing round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 14, 2022 Debt Financing $30M 2 Microsoft Climate Innovation Fund Detail
Dec 6, 2021 Grant $5.50M 1 Bezos Earth Fund Detail
Feb 22, 2021 Series A $8M 12 Accelr8
American Family Insurance Institute for Corporate and Social Impact
Goldman Sachs Urban Investment Group
Detail
Feb 22, 2021 Debt Financing $55M 1 Goldman Sachs Urban Investment Group Detail
Oct 6, 2020 Series A $11.84M 12 Accelr8
American Family Insurance Institute for Corporate and Social Impact
Detail

Employee Profiles

Number of Employee Profiles
9
BlocPower has 9 current employee profiles, including Advisor Robert Greenfield
Board member
Executive
Employee
Executive