DURHAM, N.C., June 15, 2021 /PRNewswire/ -- EnMass Energy ("EnMass"), a digital procurement and operations platform that revolutionizes global waste-to-energy supply chains, today announced equity investments of $2.15 million. Unlike current energy project tools, EnMass has solved for the entire supply chain, from supplier identification through transportation logistics and delivery audits, speeding up the process of converting usable waste products into new energy sources and saving valuable time for enterprise clients.
The seed round was led by Blue Bear Capital, and also included Looking Glass Capital and Climate Cloud, along with a number of angel investors.
"EnMass is unlocking a new category of circular, regional energy economies by combining the innovative instinct of digital technology entrepreneurs with the practical experience of hands-on project developers," said Ernst Sack, Partner, Blue Bear Capital. "The EnMass team's passion and vision are informed by their first-hand experience in why waste-to-energy economies have failed to scale in the past, and their innovative data and connectivity-driven software solutions that get waste streams to their highest-value use while helping enterprise clients secure the feedstock they need to reliably build and operate their sustainable energy projects."
"We are thrilled to have the support of this exciting investor group," said Andrew Joiner, founder and CEO at EnMass Energy. "Advancing our waste-to-energy marketplace technology and logistics solutions will help us rapidly scale to meet the growing needs of our energy clients and our waste suppliers."
With this funding, EnMass is launching an online marketplace for waste to energy procurement, enabling enterprise companies that want to source waste materials, including everything from poultry waste to food waste, to convert into energy in support of the client's operations. The platform that EnMass has developed gives its clients control over supply, with proper oversight, so companies can make better decisions to support their project operations. EnMass connects all the parties in waste to energy – suppliers, transporters, trucking companies, warehousing, processors, and last-mile deliveries – through a single, secure, cloud-based platform.
About EnMass Energy: Powered by a growing network of local and international logistics and transportation partners, EnMass Energy's ("EnMass") leading waste-to-energy technology platform connects waste suppliers with operators of energy projects, and seamlessly solves for the entire supply chain. EnMass was founded in 2012 to focus on the global renewable energy sector, connecting organizations focused on building, supplying and investing in power projects using waste materials as feedstock. EnMass also provides advisory services staffed by supply chain and energy experts with decades of experience in complex energy projects.
About Blue Bear Capital: Blue Bear is a venture capital and early growth equity firm driving digital technologies into multibillion-dollar verticals across energy, infrastructure, and climate industries. The team comes together from leading energy private equity firms and features technology expertise from the tech startup world alongside operational leadership from large-scale technology developers and adopters. Blue Bear's portfolio covers operational AI, IoT, and cybersecurity technologies, all deployed with enterprise customers to drive connectivity and efficiency across the world's most critical industries. For additional information, visit www.bluebearcap.com and @BlueBearCap.