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FirstFuel Software
FirstFuel provides an analytics based customer intelligence platform for utilities and energy service providers
About FirstFuel Software
FirstFuel Software, established in 2011 by founders Swapnil Shah and Ken Kolkebeck, operated as an energy intelligence company from its headquarters in Lexington, Massachusetts. The firm specialized in providing a cloud-based customer intelligence platform for energy providers, analyzing data from millions of business customer meters to offer a comprehensive understanding of this key segment.
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The company's core business involved leveraging data science, building science, and software to translate complex energy data into actionable insights for utility companies. Its software-as-a-service (SaaS) platform applied proprietary analytics to meter and business data, which enabled energy providers to deliver personalized insights to their commercial customers. This remote analysis of building energy performance offered a scalable alternative to costly on-site assessments. By providing these detailed customer profiles, FirstFuel empowered utilities to enhance customer engagement, optimize energy efficiency programs, and increase revenue through upselling additional services. The business model was primarily a subscription-based service for its utility clients, including major providers like E.ON, Southern California Edison, and Pacific Gas and Electric.
FirstFuel's platform offered building-specific performance benchmarks and custom recommendations, helping clients reduce service costs and meet sales goals for efficiency programs. The technology could remotely perform detailed energy audits using only smart meter data and a building's address, a significant departure from the labor-intensive in-person audits common in the industry. After raising approximately $43.9 million in funding over several rounds from investors such as Battery Ventures, RockPort Capital, and Next World Capital, FirstFuel was acquired by Tendril. In July 2019, a merger between Tendril and Simple Energy, which included the acquisitions of FirstFuel and others, led to the formation of Uplight, creating a comprehensive provider of customer-centric technology solutions for the energy ecosystem. Keywords: energy intelligence, utility analytics, SaaS, customer engagement, building energy, energy efficiency, data analytics, demand side management, commercial energy, cleantech
At a glance
- Status
- Acquired
- Founded
- 2010
- Headquarters
- Lexington, United States
- Employees
- 3
- Open positions
- None listed
- Dealroom signal
- 61.0/100
- Industry
- Real Estate, Energy
- Sub-industry
- Energy Efficiency, Real Estate Software
- Sector
- Energy, Governance, Analytics, Sustainable Development Goals, Climate Tech, Building Energy Efficiency, Hard Tech
- Business model
- SaaS
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning FirstFuel Software.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Jun 2019 | $0 | — | Tendril | — |
| SERIES COther financing | Jan 2019 | $23M | $92M | Battery Ventures · Energy Impact Partners · Ajax Investment Strategies · Next World Capital | — |
Growth signals
Latest recorded traffic for FirstFuel Software is 980 monthly website visits, down 81.5% over the last three months. FirstFuel Software's team grew 0% over the past year.
Similar companies
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A4 investors entered at this stage
Battery Ventures
Nth Power
Vast Ventures
RockPort Capital
Series B and later6 investors entered at this stage
Next World Capital
Eurazeo
E.ON
Electranova Capital
Energy Impact Partners
Ajax Investment Strategies
Other known investors2 additional known investors
BloombergNEF
Tendril
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about FirstFuel Software on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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