The Ledger
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Enact reached $4M in cumulative revenue on $3.5M in equity
“We have also generated four million dollars of revenue while we raised four million dollars of capital under, I want to correct you there. We have raised three point. Five is equity, and one million is grant.”
Enact founders and employees own over 60% of the company
“But I will say that no, our founders and employees together, we are well above 60% total.”
Enact manages over $1.5B in solar projects across 23 countries
“So next platform processes over one and a half billion dollars of projects now for solar and storage across the world in 23 countries. And we have deployed over three gigawatts of projects we always measure in terms of capacity.”
Enact serves over 100 enterprise customers and 1,000 active users
“So we have over a hundred enterprises in 23 countries and thousand plus users, users meaning people who actually log in and do work on it.”
Enact hit a $1M annual revenue run rate in 2021
“I don't want to disclose our revenues, but I will say that we are right now around a million dollar a year run rates in revenue and it's growing rapidly, especially the last 18 months.”
Enact built its business without venture capital or institutional funding
“We're still bootstrapped. There's no venture investor on this. We are not institutionally funded.”
Enact raised nearly $100K on StartEngine in two weeks
“I think we have already raised almost a hundred K on start engine in two weeks.”
One of Enact's competitors raised $321M in venture capital
“One of our competitors has raised three hundred and twenty one million.”
Enact acquired over 100 enterprise customers with only three sales reps
“We have, you know, three people selling in the company, including me. One, of course, is myself. You're looking at him. One in the US and one in India. With three people, we have gotten over a hundred customers.”
Enact crossed 1,000 residential end-user homes in Q3 2021
“Yeah, we have crossed a thousand homes last quarter in Q three.”
Enact grew revenue by approximately 40% in 2021
“We are much lower, probably like we've grown about 40% this year.”