Budgeting, Planning & Forecasting

Budgeting, Planning & Forecasting

November 23, 2011

EnTouch Controls Secures $2 million in Series A Financing

EnTouch Controls, a premier provider of energy management systems for small businesses, has recently raised $2 million in Series A financing.  

Led by Trailblazer Capital, the financing will allow the company to accelerate market expansion of the EnTouch EMS targeted at small business owners.

Introduced in 2011, the EnTouch Controls Energy Management System is targeted at restaurants, retail stores, service businesses, convenience stores and small offices.  It utilizes a proprietary wireless network of HVAC controls and energy monitoring units to provide full control of HVAC and energy monitoring of main and branch circuits.

Officials said that the EnTouch EMS is a simple replacement of the existing digital thermostats in these facilities. It is remotely accessible through the customer's WiFi (News - Alert) network and provides automation, data reporting and maintenance alerting features.

“Unlike larger facilities with complex automation systems, small business owners lack the tools to understand and manage their use of energy. The EnTouch EMS provides them with the information they need to understand and manage this cost, and the automated EMS control features continually work to optimize the largest single use of energy -- the heating and cooling they need to run their business,” said Greg Fasullo, CEO of EnTouch Controls, in a release.

The EnTouch EMS, by optimizing heating and cooling during occupancy hours and minimizing waste energy during vacancy hours, has demonstrated energy savings of 20 percent or more in field deployments.

David Matthews, a managing partner of Trailblazer Capital, said, “We are excited to be partnering with a team with a disruptive product offering that will fundamentally change the way business owners think about their energy footprint.”

In related news, HotelTonight, the mobile app innovator that offers deeply discounted same-day hotel deals, has recently raised a $9 Million Series B investment.

Deepika Mala is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page.

Edited by Jennifer Russell

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