EnergyCAP, a leading utility and energy management platform, today announced a strategic investment from LLR Partners. The investment will support EnergyCAP’s product roadmap and market expansion as organizations confront rising utility costs and changing energy needs. Existing investor, Resurgens Technology Partners (“Resurgens”), will remain an active investor in the Company alongside LLR.

For more than four decades, EnergyCAP has helped organizations bring utility, energy and emissions data into one platform, allowing finance, facilities and sustainability teams to control costs, streamline workflows and make more informed decisions. EnergyCAP serves more than 750 organizations across government, education, healthcare, and commercial organizations that together track more than $50 billion in utility bill value annually.

“As utility costs rise and the energy landscape becomes more complex, organizations are under greater pressure to understand and control one of their most significant operating expenses,” said Alexandra Van Arkel, Vice President at LLR. “EnergyCAP sits at the center of our Industrial Technology thesis around the complexity of managing physical spaces. We believe the market is ready to move beyond manual processes and fragmented data, and EnergyCAP’s customers demonstrate the value of actively managing utility spend and optimizing energy usage.”

Jack Slye, Partner at LLR, added, “We’re excited to partner with Shawn and the EnergyCAP team alongside Resurgens as the Company enters its next phase of growth. EnergyCAP has built a strong position in utility and energy management, and we look forward to bringing the collective experience and resources of LLR and Resurgens to help expand EnergyCAP’s impact and reach.”

“Our mission at EnergyCAP is to centralize complex utility data so organizations can control costs, operate more efficiently and make better decisions,” said Shawn Lankton, CEO of EnergyCAP. “Utility spend is one of the largest operating expenses that many organizations still manage in spreadsheets. With LLR’s partnership and Resurgens’ continued investment, we can move faster to help customers find and capture efficiencies they couldn’t see before.”

“EnergyCAP has made tremendous progress since we first partnered with the company in 2021, expanding its product platform and strengthening its position as a trusted partner to organizations managing complex utility and energy data,” said Adi Filipovic, Managing Director at Resurgens Technology Partners. “We are proud of what the EnergyCAP team has accomplished, believe there is significant opportunity still ahead and are excited to remain invested alongside LLR as the company continues to scale.”

William Blair served as financial advisor and King & Spalding served as legal counsel to EnergyCAP and its shareholders. Goodwin Procter LLP served as legal counsel and Lincoln International served as financial advisor to LLR.

About EnergyCAP

EnergyCAP is a leading utility and energy management platform, serving more than 750 organizations and tracking more than $50 billion in utility bill value annually. EnergyCAP combines four decades of energy management expertise with purpose-built automation and AI-enabled capabilities to turn complex utility, energy, and emissions data into faster answers, fewer errors, and lower costs. For more information, visit www.energycap.com.

About LLR Partners

LLR Partners is a lower middle market private equity firm focused on investing in software and tech-enabled companies within the knowledge economy. Founded in 1999 and headquartered in Philadelphia, LLR has raised over $7.9 billion across seven funds and has partnered with over 140 companies. LLR believes in creating value through partnership by providing flexible capital, strategic guidance and sector insight to help companies grow every day. For more information, visit www.llrpartners.com.

About Resurgens Technology Partners

Resurgens Technology Partners is a tech-focused private equity firm investing in North American and select European lower middle-market application and infrastructure software businesses. Resurgens’ growing team offers a diversity of investing, operating, and talent management experience and applies an active and engaged value creation approach with each portfolio company. Resurgens is headquartered in Atlanta with additional professionals located in Austin, Boston, and the Bay Area. For more information, visit https://resurgenstech.com.

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