Key Takeaways
- • VECKTA, a San Diego-based planning and procurement platform for onsite energy, closed an oversubscribed $11 million Series A financing led by Origin Ventures.
- • The company describes itself as profitable and will use the proceeds to expand its U.S. customer team, product, partnerships and supplier network.
- • VECKTA's platform pairs automated site analysis with a marketplace of prequalified suppliers to help businesses and real estate owners decide where onsite generation and storage pay off.
- • Named customers include Enterprise Mobility, Lithia & Driveway, Phillips Edison & Co. and Regency Centers; collaborative relationships include JLL, Voltus, Leap and Cascade Energy.
Summary
VECKTA, a planning and procurement platform for onsite energy based in San Diego, announced an oversubscribed $11 million Series A round led by Origin Ventures. The company's announcement, as published in its press release, did not disclose a valuation or the total number of investors participating.
According to the company, VECKTA is profitable and intends to deploy the capital to expand its U.S. customer team, product development, partnerships and supplier network. The raise comes as more businesses seek to generate and store electricity at their own facilities, a trend the company frames as driving demand for planning and procurement services.
The platform helps businesses and real estate owners determine where onsite energy investments will pay off and procure that energy at competitive prices, whether for a single site or an entire portfolio. Its offering combines automated site analysis with a marketplace of prequalified suppliers, with VECKTA specialists supporting customers through each decision.
The company lists Enterprise Mobility, Lithia & Driveway, Phillips Edison & Co. and Regency Centers among its customers. Its collaborative relationships include JLL, Voltus, Leap and Cascade Energy.
According to the company, VECKTA is profitable and intends to deploy the capital to expand its U.S. customer team, product development, partnerships and supplier network. The raise comes as more businesses seek to generate and store electricity at their own facilities, a trend the company frames as driving demand for planning and procurement services.
The platform helps businesses and real estate owners determine where onsite energy investments will pay off and procure that energy at competitive prices, whether for a single site or an entire portfolio. Its offering combines automated site analysis with a marketplace of prequalified suppliers, with VECKTA specialists supporting customers through each decision.
The company lists Enterprise Mobility, Lithia & Driveway, Phillips Edison & Co. and Regency Centers among its customers. Its collaborative relationships include JLL, Voltus, Leap and Cascade Energy.
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