Verse Raises $20.5M to Develop Clean Energy Software

Verse Raises $20.5M in Series A Funding

Key Highlights:

• Verse: San Francisco-based company providing software for organizations to understand, plan, and manage clean energy.
• Series A Funding: Raised $20.5 million in a funding round led by GV, with participation from Coatue, CIV, and MCJ Collective.
• Product Development and Scale: Funds will be used to support software product development and commercial scale.

Verse's Target Market

• Organizations Transitioning to Clean Energy: Companies and institutions aiming to reduce electricity costs and scope 2 emissions through the adoption of clean energy sources.
• Sustainability-Focused Businesses: Companies with a strong commitment to sustainability and environmental responsibility.
• Energy Management Professionals: Professionals responsible for managing and optimizing energy usage within organizations.

What Verse Needs to Buy

• AI and Data Analytics Solutions: Partnerships with AI and data analytics companies to enhance the generative AI capabilities of their software platform.
• Clean Energy Asset Providers: Collaborations with clean energy asset providers to expand the range of clean energy options available to their customers.
• Marketing and Sales Support: Services to support marketing and sales efforts, including lead generation and customer acquisition.