Alumni Ventures Invests in Enact Systems to Accelerate Solar Adoption

Enact CEO Deep Chakraborty Recently Discussed His Company on AV’s Tech Optimist Podcast

Written by

Alumni Ventures

Published on

Read

2 min

Alumni Ventures (AV), one of the world’s most active venture capital firms, is a proud investor in Enact Systems (Enact), a leader in solar and battery storage technology. Enact’s advanced, user-friendly platform is designed to streamline the customer journey from project design to implementation to performance tracking. AV invested in the company’s $11.5 million Series A led by Energy Growth Momentum, with participation from NB Ventures, Olympus Capital, and ARKA Venture Labs.

Enact Systems has developed a comprehensive SaaS platform that automates the process of designing, delivering, and measuring the outcomes of solar and battery storage projects. By leveraging proprietary software, Enact simplifies the complex process of adopting renewable energy solutions for buildings, homes, and businesses. The platform enables users to remotely design projects using satellite imagery, eliminating the need for site visits, and integrates all necessary data to create detailed proposals quickly.

See video policy below.

“Enact is all about making the transition to solar power seamless and transparent for consumers and businesses,” said Co-Founder and CEO Deep Chakraborty, who recently discussed his company on AV’s Tech Optimist podcast. “Our platform provides an end-to-end solution that not only simplifies the design and installation process but also tracks the financial performance of these investments over time, ensuring our customers see the real value of their projects.”

“Enact is all about making the transition to solar power seamless and transparent for consumers and businesses.”
Deep Chakraborty
Co-Founder and CEO, Enact Systems

While Enact Systems originated in California, it has seen significant growth across the United States and internationally. This includes rapid adoption in California and the Northeast, driven by the increase in electric vehicle ownership and the corresponding rise in electricity bills. Internationally, markets in Germany, Italy, the Middle East, and India are experiencing incredible growth due to lower hardware costs and faster payback periods.

“Enact’s commitment to transparency and efficiency aligns perfectly with our vision for sustainable investments,” said AV Managing Partner Greg Baker, who hosted the conversation with Chakraborty on AV’s Tech Optimist podcast. “Their technology not only simplifies the adoption of solar power, but also ensures that consumers can see and trust the financial benefits.”

Enact‘s award-winning software platform is designed to transform and accelerate clean energy globally. Enact is the only two-sided platform that allows both residential and
commercial users to simplify their entire solar and energy storage purchase and ownership journey, designed by Enact and delivered by local solar professionals. Enact also enables thousands of professionals in over 25 countries to sell and deliver projects and manage solar assets for long-term performance. Visit https://enact.solar/ to learn more.

About Alumni Ventures

Alumni Ventures offers accredited individuals access to professional-grade venture capital, a key asset class missing from the portfolios of many sophisticated investors. Since 2014, AV has raised $1.3+ billion from 10,000+ investors and backed 1,400+ unique portfolio companies. AV is a top 20 VC firm in North America according to CB Insights and the #1 most active VC firm in the U.S., and #3 most active in the world, according to PitchBook’s 2022 and 2023 rankings. AV has won awards from Inc. Magazine, Fast Company, Benzinga, and the US FinTech Awards. AV funds are private, for-profit, and not affiliated with or sanctioned by any school.

About Tech Optimist

The Tech Optimist Podcast, presented by Alumni Ventures (AV), focuses on the intersection of technology, entrepreneurship, and innovation. True to our name, we are passionate about technology and its potential to drive positive change. We explore our lane through interviews with founders, investors, and futurists; discussions of new innovations; and reviews of trends in tech and venture capital. Subscribe Here »

Media Contact Info
Scott Murphy
Alumni Ventures
670 N. Commercial Street, Suite 403
Manchester, NH 03101
Email: [email protected]

Want to learn more?
View all our available funds and secure data rooms, or schedule an intro call.

New to AV?
Sign up and access exclusive venture content.

Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.