Team size: 51 - 200
Sector: Built environment
Founders: Donnel Baird, Keith Kinch, Morris Cox
Founded date: 2014
Company revenue: US$ 10 - 50 million
Investors: Andreessen Horowitz, Bossanova Investimentos, Elemental Excelerator, Goldman Sachs, Kapor Capital
Company stage: Series B
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.