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FirstFuel Software

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FirstFuel provides an analytics based customer intelligence platform for utilities and energy service providers

Lexington, United StatesFounded 2010Energy
Valuation $0–100M Latest valuation · 2015
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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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

Source: Dealroom company data

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.

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Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Jun 2019 $0 Tendril
SERIES COther financing Jan 2019 $23M $92M Battery Ventures · Energy Impact Partners · Ajax Investment Strategies · Next World Capital
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Growth signals

FirstFuel Software website traffic

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.

Latest monthly visits980 3-month web change-81.5% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investors

12 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

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
Team profiled 26 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

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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