Encycle secures US $11.5M financing

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By Ted Liu

Encycle Corporation, a provider of Energy as a Service to HVAC energy costs, has raised US $11.5M initial tranche investment led by Prelude Ventures and NGEN Partners with participation from existing investors, BDC Capital, Duke Ventures, EDC, and EnerTech Capital.

Encycle’s patented Swarm Logic, is a highly cost effective and simple to deploy service, which synchronizes the operation of a cluster of roof top air conditioning units to create energy savings averaging 20-25%.

Formerly REGEN Energy Inc., Encycle has offices in Toronto, San Marcos, California, and Taunton, UK.

photo credit: Encycle