WindSail Capital invests $3 million in Genability
Written By: Stratton Report
March 9, 2016
On March 9, Genability, Inc., an energy software company, announced a $3 million investment from WindSail Capital Group, a provider of growth financing to companies in energy and sustainability.
Genability will use WindSail’s investment to pursue growth in rooftop and community solar, as well as electric vehicles, behind the meter storage, and connected homes and buildings. This funding will also support Genability’s rollout of new products.
Jason Riley, Genability Founder and CEO noted:
“As we looked for a growth investor, WindSail stood out as a terrific partner for us. They allowed us to leverage our rapidly growing revenue and customer base to secure the funds to continue to expand our products and services. This investment will help us to independently deliver more value to our customers, including exciting new offerings for homes, businesses and utilities.”
Ian Bowles, co-founder and Managing Director of WindSail commented: “Genability has built a market-leading business providing clean energy companies with the most comprehensive rate engine and related products in the market. They are a great fit for our focus on clean energy services businesses with a strong growth trajectory.”