THG Energy is actively raising an additional $6 million round
Daniel Fry · $4m ARR, Hospitals pay $5 Per Utility Meter To Measure Gas Emissions · Mar 16, 2023 · at 15:12
THG Energy CEO Daniel Fry discusses current fundraising plans and growth targets with Nathan Latka.
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“We're in the process of raising another six million dollars that will accelerate this growth that we see in front of us.”
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More from Daniel Fry
THG Energy expects to achieve profitability within a year
“We aren't, we are not yet profitable, but we can see profitability within the next year.”
THG Energy manages over 300,000 accounts across 20 countries
“We start with utility bills and we work with more than 300,000 accounts. Commercial, industrial multi-facility accounts. We're in all 50 states and we're in 20 countries.”
THG Energy charges $5 per utility meter per month
“Per, per utility meter that, that we're measuring and managing.”
THG Energy operates 20,000 active meters across 1,000 customers
“So we've got 20,000 active accounts that, that we gather that five dollar meter on, and that, that's probably about a thousand customers.”