Emissions calculator AMEE bags more VC funding

Web-based energy consumption and emissions calculator AMEE has secured what it says is “substantial” Series A financing from venture capital funds in the UK and US.

AMEE, which describes itself as “the world’s energy meter”, made it onto Greenbang’s UK Clean Tech Start-Up Index earlier this year. The company gathers energy consumption and emissions data and then provides a technology platform for others to use that data. The platform is open to developers who want to build applications on top of it, enterprises that want to track their own performance, or academics who want to distribute research findings.

The latest round of funding comes from O’Reilly Alphatech Ventures (OATV), Union Square Ventures (USV) and The Accelerator Group (TAG).

AMEE says the funding will enable the company to expand its reach by enhancing its data, and extend globally.

The AMEE platform is already used by the likes of the UK Government (Defra), Google, the Energy Saving Trust and Sun Microsystems.

Gavin Starks, founder and CEO of AMEE, said:

“AMEE’s growth over the past 12 months has been quite remarkable. We are delighted to have the financial and strategic support of such experienced investors to take our business forward. AMEE’s is driving change by increasing the accuracy and transparency of emissions and consumption in a manner that has not been achieved by any legislation, market or service to date.”

Mark P Jacobsen, MD of OATV, added:

“AMEE’s vision to aggregate all of the energy data in the world fits OATV’s mission to invest in stuff that matters. With the recent sea change in America’s political climate, we look forward to AMEE bringing its platform-based data service to clients in the States.”