EDF : Three years after being created, Electranova Capital invests in FirstFuel, a customer intelligence platform for energy providers

FirstFuel's Software as a Service (SaaS) platform applies advanced analytics to utility meter and business data, enabling energy providers to deliver highly personalized insights to all their business customers. The services such as energy efficiency, demand management and on-site generation at scale.
FirstFuel has established itself as the leading platform for customer intelligence in the transforming energy sector. Since its commercial launch in late 2012FirstFuel's FirstAdvisor product alone has analyzed 40 billion kWh and identified more than $400 million and 5 TWh in annual savings.
"The energy provider markets are facing a sea change stemming from new technology advances in distributed generation, a dynamic regulatory environment and increased competition. In the face of this complexity, a large determinant of success will be their ability to help customers navigate energy options," said Swapnil Shah, CEO, FirstFuel. "Recognizing the immense value of deeper customer relationships, providers are asking us to help them understand each and every customer's energy usage and needs."
Electranova Capital makes its second investment in North America. Matthieu Bonamy commented on this participation: "We are happy to support FirstFuel and its European expansion. The company has developed a world class vertical Software As A Service ".

FirstFuel Software provides a customer intelligence platform that transforms energy providers into trusted advisors to their business customers. FirstFuel's SaaS solutions accelerate customer acquisition, optimize energy efficiency and DSM programs. The company draws on deep domain expertise in data analytics, building science, and software in its deployments with large utilities, energy service providers, and government agencies in North America and Europe. Founded in 2010 and privately held, FirstFuel is headquartered in Lexington, MA. For more information, please visit www.firstfuel.com and follow us on Twitter at @FirstFuelSW.

Electranova Capitalis focused on accelerating the growth and scale of companies bringing new energy and environmental technologies to the market worldwide. The fund was created in May 2012 through a partnership between Idinvest Partners, EDF (the global Utility), Allianz - the international financial and insurance group and BPI - the French Sovereign Fund. The fund, which is independently managed by Idinvest Partners, leverages thebusiness partnerships, technical collaboration and sales references provided by its corporate sponsor to accelerate the growth of the invested companies. Electranova Capital works closely with entrepreneurs in Europe, North America and North-East Asia.
Idinvest Partners, with assets under management of over €5 billion, is one of the most active investors in the European mid-market segment. Idinvest Partners has invested in more than 140 high- tech companies offering potential for strong growth. Idinvest focuses on sectors offering development possibilities for companies with high growth rates or prospects for achieving strategic positions in their markets. It has specific expertise in information technologies (Internet/media, software, telecommunications,), new energy and environmental technologies, and in healthcare (biopharmaceuticals, diagnostics, medical instruments).
To know more, visit: www.electranovacapital.comand www.idinvest.com

Katie Kennedy
Version 2.0 Communications
617-426-2222 kkennedy@v2comms.com

Marie-Claire Martin
Tél +33 1 58 18 56 69
Mob + 33 6 77 67 03 12 mcm@idinvest.com

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