Pleasanton, California, United States
Enact Systems is a cloud-based solar and storage project lifecycle management platform founded in 2015 and headquartered in California. The company serves solar developers, installers, and end customers across 23 countries, processing more than $1.5 billion in solar and storage project value since September 2020 and deploying over 3 gigawatts of capacity through its platform. As of late 2021, Enact was operating at approximately $1 million in annualized revenue, up roughly 40 percent from approximately $714,000 in 2020. The company has raised a total of $4 million since launch, comprising $3.5 million in equity from family offices and early-stage investors and $1 million in a US Department of Energy grant received in 2017. The platform operates a dual-sided business model, with 80 percent of revenue derived from business-to-business subscriptions sold to solar enterprises and 20 percent from a consumer-facing app launched on iOS in June 2021. Enact employs 18 people, 16 of whom are engineers, split between California and India. Founders and employees together retain more than 60 percent ownership of the company.
- Revenue
- $8.4M
- Customers
- 100
- Year founded
- 2014
- Funding
- $7.2M
- Team size
- 230
- Growth
- -