Sparkfund

Sparkfund

EaaS platform financing commercial energy upgrades

Overview

Sparkfund operates a platform and financing model in the energy-as-a-service (EaaS) market, helping commercial and industrial customers upgrade energy infrastructure such as HVAC, lighting, and electric vehicle charging through a subscription plan. Instead of paying upfront, clients enter a recurring payment that covers the technology, installation, and ongoing maintenance. The company’s Lens platform connects utilities, energy service companies (ESCOs), and manufacturers, streamlining the end-to-end process of identifying, developing, financing, and implementing EaaS projects so partners can offer subscription-based energy solutions to their customers. Sparkfund generates revenue by taking a portion of the subscription payments from projects it facilitates. Its goal is to expand access to energy efficiency and decarbonization by removing upfront capital barriers and enabling scalable deployment of sustainable infrastructure.

About Sparkfund

Simplify's Rating
Why Sparkfund is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Energy

Enterprise Software

Financial Services

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$29.6M

Headquarters

Washington DC, District of Columbia

Founded

2013

Simplify Jobs

Simplify's Take

What believers are saying

  • $15M LAGO funding expands 3,000+ projects across 48 states.
  • Hannon Armstrong facility accelerates project ownership and deployment.
  • DCP reduces peak demand costs amid data center growth.

What critics are saying

  • Customer defaults erode Hannon Armstrong facility in downturns.
  • EnergyHub outcompetes DCP with superior AI optimization.
  • Hyperscalers internalize DERs, collapsing partner network.

What makes Sparkfund unique

  • Lens platform streamlines EaaS project lifecycle for utilities and ESCOs.
  • Distributed Capacity Procurement integrates DERs into utility planning.
  • SparkOS licensed to Shell for outsourced energy management.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$29.6M

Below

Industry Average

Funded Over

4 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Vision Insurance

Dental Insurance

Disability Insurance

Life Insurance

Flexible Vacation Policy

Paid Holidays

12 weeks gender-neutral paid leave for caregivers

4 weeks paid leave for birthing parents

A one-time, work-from-home stipend

Phone/Internet Stipend

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-1%

2 year growth

1%
EIN News
May 8th, 2024
LAGO Funds Sparkfund with $15M

LAGO Innovation Fund has facilitated a $15 million investment in Sparkfund, a company specializing in energy transition management for utilities and building owners. Sparkfund, known for its role in reducing operating costs and enhancing building resilience, has completed over 3,000 clean energy projects across 48 states. This partnership aims to expand Sparkfund's impact in the energy sector.

Recently Posted Jobs

Sign up to get curated job recommendations

Sparkfund is Hiring for 5 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →