In Europe, Australia and New Zealand, where utilities are free to chase and steal customers from each other under deregulated energy markets, the key drivers are reducing customer churn through the app and finding new products and services to offer those customers to expand their revenue streams, Gupta noted. Energy disaggregation start-up Bidgely has raised $27m in a Series C round led by Georgian Partners with participation from EON and Khosla Ventures, bringing total funding to $51m. Former investor Constellation Technology Ventures is expected to also join the funding round. The start-up offers over 10 million homeowners the ability to audit their home's energy, set up energy usage alerts and create efficiency reports. In addition to its home energy management products, Bidgely, which was founded in 2014, provides smart meters for businesses as well as residential customers.
Energy disaggregation start-up Bidgely has raised $27m in a Series C round led by Georgian Partners with participation from EON and Khosla Ventures, bringing total funding to $51m. Former investor Constellation Technology Ventures is expected to also join the funding round. The start-up offers over 10 million homeowners the ability to audit their home's energy, set up energy usage alerts and create efficiency reports. In addition to its home energy management products, Bidgely, which was founded in 2014, provides smart meters for businesses as well as residential customers.