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For more information please contact:
Investment Banking
Brian Kremer
Managing Director
(949) 720-5726
bkremer@roth.com
Jesse Pichel
Managing Director
(646) 358-1919
jpichel@roth.com
Robert Stephenson
Managing Director
(949) 720-5750
rstephenson@roth.com
Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
agurewitz@roth.com
Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com
Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com |
Transaction Information
Vutiliti, the innovative smart utility monitoring company based out of Salt Lake City, Utah, has completed a $11.75 million Series A financing. The round was led by Constellation Technology Ventures, the venture investing arm of Exelon Corporation, and Cycle Capital Management. Also invested are Chevron Technology Ventures, University Venture Fund, and a continuing investor, Kickstart Seed Fund. The funding will accelerate Vutiliti’s global expansion and development of its proprietary HotDrop™ technology and utility monitoring systems.
Vutiliti is an energy data company that focuses on utility efficiency through detailed, timely and accurate measurement data. This data is challenging to obtain affordably in real time and at scale. Vutiliti can help companies solve these challenges with the first truly wireless, LoRaWAN enabled energy meter called the HotDrop™. Each meter can be safely installed in less than two minutes without wires, batteries, or the need to de-energize circuits, and is small enough to fit in the palm of your hand. Each meter is securely cloud-connected to enable real-time data insights. Vutiliti leverages this location-specific information to allow customers to improve their energy efficiency performance, reduce their carbon footprint, and lower their utility bills. (Source: Company Press Release | 04.28.20)
ROTH Capital Partners acted as financial advisor to the company.
About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and
their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading,
market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and
maintains offices throughout the U.S. For more information on ROTH, please visit
www.roth.com. |
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Date of Announcement:
06.19.20
The material, information and facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC
("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any
companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or
estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be
reproduced in any form without the express written permission of ROTH. Copyright 2020. |
