CINCINNATI, NEW YORK, SEATTLE, VENICE, August 17, 2017 – SaaS Capital, the leading provider of Committed Credit Facilities to SaaS companies, today announced that it has provided a multi-million-dollar line of credit to Enervee.
"We’re thrilled to be partnering with SaaS Capital to finance Enervee’s continued growth in the US and Europe," says Matthias Kurwig, CEO of Enervee. "This partnership will allow us to fully capitalize on the opportunities we now have in front of us, including launching new energy-efficiency engagement products to the market. Partnering with SaaS Capital is the perfect financing fit for Enervee, considering our growth potential alongside our existing client base."
Enervee is a software-as-a-service company, committed to delivering energy efficiency and consumer engagement through a suite of innovative SaaS products that change how we buy energy-using products and appliances for our homes. Working with energy companies and their energy customers, the company delivers a range of SaaS products that transform consumer and homeowner decision journeys, making choosing the energy-efficient choice the easy choice. To date, Enervee delivers its services to over 47 million households across the US and Europe.
"We welcome Enervee to the SaaS Capital portfolio," said Rob Belcher, Managing Director of SaaS Capital. "The Enervee team has developed an awesome platform for an important sector – energy conservation. Through their work with utilities, they are building a great business and doing good things for the environment at the same time. We’re thrilled they’ve chosen us as their financing partner for their next phase of growth."
Enervee is the world’s first software-as-a-service company that combines data science, behavioral science and digital marketing to drive consumer energy saving and engagement, by transforming the way we buy. Enervee products include Marketplace, Charge, Home, and Insight. The company is headquartered in Venice, CA, with offices in Germany and the UK. Visit enervee.com/business to learn more.
About SaaS Capital
SaaS Capital is the leading provider of long-term Committed Credit Facilities to SaaS companies. Focusing exclusively on the SaaS business model, SaaS Capital delivers faster decisions, more capital, and longer commitments. SaaS businesses have used SaaS Capital's Committed Credit Facilities, instead of equity, to finance growth and create hundreds of millions of dollars in enterprise value without sacrificing significant ownership or control. Also, through its partnership with DH Capital, a boutique investment banking advisory firm, SaaS Capital can assist with M&A and capital raising services. SaaS Capital has offices in Cincinnati, New York, and Seattle. Visit www.saas-capital.com to learn more.
Having grown revenue rapidly and proven our business model, we were looking for innovative financing options to finance continued rapid growth. SaaS Capital’s approach was the right fit at the right time for our business.