Friday, November 22, 2019

Moonshots, Capital Factory Back Copper Labs In $2M Funding

Austin-based venture investor Moonshots Capital is the lead investor in a developer of wireless energy monitoring products, Copper Labs, in a $2M funding round, which also included Austin's Capital Factory. Copper Labs is based in Boulder, Colorado. According to Copper Labs, the new funding was led by Moonshots Capital, and also included Blue Bear Capital, Bull Creek Capital, Capital Factory and Service Provider Capital. Craig Cummings of Moonshots Capital joins the company's board with the funding round. Copper Labs provides real-time energy usage data through a device, which wireless read's a consumer's electric meter, and lets them track both energy usage and solar generation in real time. The device also connects to a service providing energy insights and information to both consumers and utilities.