On November 9, 2021, Kitchener-Waterloo-based startup EnPowered announced its $12 million Seed financing, which consisted of an approximately $9 million Inovia Capital-led seed-plus round that closed in September, and an approximately $3 million Seed round co-led by Version One Ventures and Golden Ventures in February 2020. EnPowered plans to use the funding to expand into more markets in the United States and to grow its team, as well as support the development of its Payments platform, which was recently launched to accelerate the purchasing of energy solutions.
Founded in 2015, EnPowered is a pioneering cleantech company that accelerates he use and adoption of innovative solutions in energy-intensive industries.
Osler, Hoskin & Harcourt LLP advised EnPowered with a team consisting of Chad Bayne, Gary Marshall and Chres Lee (Emerging and High Growth Companies).