Hara Completes Series B Funding

Hara, a provider of on-demand environmental and energy management software, announced it has secured $14 Million in Series B funding.

Jafco Ventures led the round, with participation from Nth Power, and focused on the growing sector of energy technology, and existing investor Kleiner Perkins Caufield & Byers (KPCB). The funding, which brings total investment to date in Hara to $20 Million, will allow Hara to accelerate its global go-to-market and product strategies in response to growing market demand for its environmental and energy management solution.

"We have been very impressed with the team at Hara and the amount of success that they have demonstrated in a very short period of time," said Tom Mawhinney, General Partner with Jafco Ventures and new member of Hara's board. "Our market research indicates that the Hara solution and core competencies are highly relevant in global markets, and we are confident we can help the company as it expands beyond North America and into the Asia markets."

"Hara offers a solution that provides enterprises a holistic way of prioritizing and implementing energy and natural resource conservation strategies," said Rodrigo Prudencio, Partner, Nth Power. "Having invested in energy technologies for more than ten years, Nth Power believes Hara stands ready to enable a new business process that will become standard in energy and resource intensive organizations around the world."

Hara Environmental and Energy Management (Hara EEM), a software-as-a-service solution, enables organizations to holistically monitor and manage their natural resource consumption and environmental impact. Hara EEM enables organizations to identify and implement sustainable initiatives across organizational and value chain stakeholders.

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Related terms: conservation, energy, environmental impact, investment, market, north america, research, software, technology