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About ConnectDER
Industries
Energy
Company Size
51-200
Company Stage
Series D
Total Funding
$79M
Headquarters
Philadelphia, Pennsylvania
Founded
2011
Overview
ConnectDER focuses on simplifying the integration of distributed energy resources (DERs) like solar panels and energy storage systems into existing energy grids. Their main product allows for a quick connection process that takes less than 10 minutes, utilizing smart metering and management systems to ensure effective communication with the grid. What sets ConnectDER apart from competitors is their strong partnerships with utility companies, which helps provide a seamless service for homeowners looking to adopt renewable energy solutions. The company's goal is to create a well-organized ecosystem that enhances grid operations and encourages the use of renewable energy.
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Simplify's Take
What believers are saying
- ConnectDER secured $35M in Series D funding for market expansion and innovation.
- Growing EV adoption presents opportunities for ConnectDER's home energy management systems.
- U.S. Department of Energy initiatives may offer government-funded project opportunities.
What critics are saying
- Emerging startups in DER integration could challenge ConnectDER's market position.
- Potential regulatory changes in New Jersey and Illinois may impact operations.
- Supply chain disruptions could affect production and delivery of smart metering devices.
What makes ConnectDER unique
- ConnectDER reduces DER installation time to under 10 minutes with smart metering.
- Their proprietary connection devices enhance grid operations and renewable energy adoption.
- ConnectDER's partnerships with utilities offer a hassle-free DER integration service.
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Funding
Total Funding
$79M
Below
Industry Average
Funded Over
7 Rounds
Industry standards
Benefits
Health Insurance
Flexible Paid Time Off
401(k) Company Match
Equity Stock Options
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 0%2 year growth
↑ 4%ConnectDER, a leading provider of innovative electrical solutions for the solar industry, is pleased to announce the appointment of Lisa Diamantis as its new Vice President of Sales and Marketing.
Lisa Diamantis Joins ConnectDER to Lead Sales and Marketing Strategies, Expand Market Reach, and Accelerate Growth across Clean Energy Sectors PHILADELPHIA, Feb. 18, 2025 /PRNewswire/ -- ConnectDER, the leading provider of innovative electrical solutions for the solar industry, is excited to announce the appointment of Lisa Diamantis as its new Vice President of Sales and Marketing. In this role, Diamantis will lead ConnectDER's Sales and Marketing functions, focusing on expanding the company's reach in existing and new markets while strengthening relationships with channel partners and customers
ConnectDER secured $35 million in Series D funding led by Decarbonization Partners, with participation from MassMutual Ventures. The company specializes in home energy technology solutions. Other notable funding events include Torrent Power raising ₹35 billion (~$413 million) through a QIP, Glow securing $30 million, and Zitara closing $17 million in Series AA funding. Additionally, EQT acquired ju:niz Energy, and Greenie Energy raised $600k in seed funding.
BlackRock, Temasek venture leads $35M funding round for ConnectDER.
ConnectDER, a home energy technology innovator, has raised $35 million in Series D funding to boost market expansion and product innovation. The funding round was led by Decarbonization Partners, with new investors MassMutual Ventures and existing investors like Avista Development and Clean Energy Ventures participating. ConnectDER's solutions enhance interconnection and safety while reducing installation costs, and are approved in over 20 states, covering 16 million households.
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About ConnectDER
Industries
Energy
Company Size
51-200
Company Stage
Series D
Total Funding
$79M
Headquarters
Philadelphia, Pennsylvania
Founded
2011
There are no jobs for ConnectDER right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to ConnectDER