Excelergy Raises $70M Series A Funding

Excelergy, part of the Harris Group of companies, has secured $70,000,000 in investment capital from investors. This significant funding round underscores the company's established position and growth potential within the highly competitive retail energy market, reinforcing its capacity to expand its operational capabilities and technological offerings. The company is a world leader in high performance software solutions designed to optimize customer care and billing processes for retail energy providers. Its flagship product, Excelergy RevenueManager, is a proven solution globally, supporting multiple commodities across the entire customer lifecycle. This includes functions from prospecting and customer acquisition to customer service, complex billing, revenue assurance, and e-market messaging for residential, commercial, and industrial markets. The newly acquired capital is planned to accelerate Excelergy's strategic growth initiatives. These plans include enhancing the development of its advanced software platforms, expanding its global market reach, and further scaling its operational infrastructure to meet increasing demand. This investment is pivotal for the company as it seeks to deepen its technological edge and broaden its service delivery to clients worldwide. Excelergy RevenueManager provides a comprehensive retail energy platform that automates critical business functions such as customer switching, pricing, contract execution, cash collection, and settlement. Built on an open, object-oriented, web-centric, native XML technology architecture, its application programming interfaces facilitate seamless integration with other systems, offering flexibility through individual modules or as a fully pre-integrated solution. With this substantial investment, Excelergy is well-positioned to strengthen its leadership in the energy software sector. The company anticipates leveraging this capital to drive innovation, support its expanding client base, and continue to deliver robust, scalable solutions that evolve with the dynamic needs of the retail energy industry, ensuring sustained growth and market relevance.