Noesis Energy Receives $5 Million for Energy-Efficiency Tech

(Bloomberg) — Noesis Energy Inc., a closely held provider

of energy-management technology and services, raised $5 million

from two investors, according to a regulatory filing.

Noesis received about half of a potential $10 million

equity financing, according to a filing Wednesday with the U.S.

Securities and Exchange Commission.

The Austin, Texas-based company uses a “freemium”

business model, in which it provides a free, online system that

monitors users’ energy consumption and offers premium upgrades

for an additional charge. The company also provides a platform

for companies to sell energy-efficient equipment to commercial

building owners.

Black Coral Capital and Austin Ventures last year

participated in a $6 million funding round for Noesis, which has

raised $25.5 million since it was founded, Dave Jaros, a Noesis

spokesman, said in a telephone interview from Austin.

To contact the reporter on this story:

Justin Doom in New York at

jdoom1@bloomberg.net

To contact the editors responsible for this story:

Reed Landberg at

landberg@bloomberg.net

Robin Saponar, Will Wade

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