Before companies can do anything about reducing their impact on the environment, they need to measure the damage they are doing. Energy management startup Hara helps them track their efforts to reduce their carbon footprint.
The company announced a new $25 million C round of funding today, led by Focus ventures. Other investors include Energy Technology Ventures, and Navitas Capital, with existing investors Kleiner Perkins, JAFCO and Nth Power also participating. In addition, Kleiner partner Ray Lane is taking a board seat as chairman.
Energy Technology Ventures is an investment vehicle for GE, NRG Energy, and ConocoPhillips. Hara recently won a GE Ecoimagination challenge focused on smart grid technologies, an area of intense interest for GE.
Hara last raised $14 million two years ago, and another $6 million in 2008 from Kleiner. The new round brings the total capital in the company to $45 million.
Haraʼs enterprise software platform for energy and sustainability management dramatically reduces energy costs and risks to substantially improve operating profits and enhance sustainability. Haraʼs more than 50 customers span global multi-national and public sector organizations including: Avaya, Aflac, Alcatel-Lucent, Bloomberg, Dell, Diebold, eBay, HP, Hasbro, Harvard University, Intuit, News Corporation, Safeway, Tishman Speyer, Union Bank, U.S. Bank and the cities of Las Vegas, Palo Alto and Philadelphia. For more information: http://www.hara.com.