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Total amount raised
$174.6M
Latest funding date
2026-01-27
Location
Sense has successfully raised funding through six rounds, with the latest being a Series C round. The company is backed by 20 investors, including Gutbrain Ventures, Volery Capital Partners, and Blue Earth Capital.
What Is Sense?
Sense, founded in 2013, is a company dedicated to providing real-time energy intelligence for homes and the grid. Located in Cambridge, Massachusetts, Sense operates in various industries, including Consumer Electronics, GreenTech, Hardware, Internet of Things, Smart Home, Software, and Speech Recognition.
With a team of 101-250 employees, Sense specializes in tracking devices and home automation solutions. The company's mission is to reduce global carbon emissions by offering smart meters and the Sense Monitor, which help users manage their energy use, reduce electricity bills, and lower their carbon footprint.
How Much Funding Has Sense Raised?
- Seed Round
- Amount Raised: USD 4,000,000 (approximately)
- Date: January 2014
- Lead Investors: Not publicly disclosed
- Participants: Bolt (hardware accelerator), Capricorn Investment Group, Prelude Ventures, CRV
- Motivation Behind the Round: To develop initial product offerings and establish market presence.
- Series A
- Amount Raised: USD 14,000,000
- Date: September 2016
- Lead Investors: Shell Technology Ventures, Energy Impact Partners
- Participants: Capricorn Investment Group, Prelude Ventures, CRV, Bolt
- Motivation Behind the Round: To scale operations and enhance product development.
- Series B (First Close)
- Amount Raised: USD 18,000,000
- Date: October 2018
- Lead Investors: Schneider Electric (SE Ventures)
- Participants: Prelude Ventures, Capricorn Investment Group, Shell Ventures, Energy Impact Partners, iRobot
- Motivation Behind the Round: To expand market reach and improve technology.
- Series B (Second Close)
- Amount Raised: USD 10,000,000
- Date: July 2019
- Lead Investors: MacKinnon, Bennett & Company, IDO Investments
- Participants: Shell Ventures, Energy Impact Partners, Prelude Ventures, Capricorn Investment Group, iRobot, Landis+Gyr
- Motivation Behind the Round: To further enhance product capabilities and expand into new markets. This brought total Series B to $28M and total company funding to $50M.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2021
- Lead Investors: Japan Energy Fund
- Motivation Behind the Round: To support ongoing growth and development initiatives.
- Series C (Initial Close)
- Amount Raised: USD 105,000,000
- Date: April 27, 2022
- Lead Investors: Blue Earth Capital
- Participants: Telus Ventures, MCJ Collective, Schneider Electric, Energy Impact Partners, Prelude Ventures, iRobot
- Motivation Behind the Round: To expand technology to more homes and increase international presence.
- Series C (Final Close — Total $127.6M)
- Amount Raised: USD 22,600,000 (additional tranche)
- Date: September 14, 2022
- Lead Investors: Volery Capital Partners
- Participants: Blue Earth Capital, Telus Ventures, MCJ Collective, Schneider Electric, Energy Impact Partners, Prelude Ventures, iRobot
- Motivation Behind the Round: To extend Series C financing as Sense scales grid-edge intelligence nationally and internationally.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: January 27, 2026
- Lead Investors: Analog Devices, Inc. (ADI)
- Motivation Behind the Round: Strategic investment to enable further development of scalable grid edge technologies for a reliable and clean energy grid.
Total Amount Raised: At least USD 174,600,000 based on disclosed funding (Corporate Round amount undisclosed). Current Valuation: Not publicly disclosed.
Key Investors
- Analog Devices, Inc. (ADI)
- Details: Analog Devices is a global semiconductor and signal-processing company. In January 2026, ADI made a strategic corporate investment in Sense to accelerate development of scalable grid edge technologies.
- Investment Focus Areas: Semiconductors, signal processing, grid technology, industrial IoT.
- Notable Investments: Not publicly disclosed.
- Blue Earth Capital
- Details: Blue Earth Capital is a global investment firm focused on sustainable and impact investments. They led the Series C initial close for Sense in April 2022.
- Investment Focus Areas: Sustainability, impact investments, clean energy.
- Notable Investments: Not publicly disclosed.
- Volery Capital Partners
- Details: Volery Capital Partners specializes in sustainable and impact investments. They joined as lead investor for the final Series C close in September 2022, bringing total Series C to $127.6M.
- Investment Focus Areas: Sustainability, impact investments, clean energy.
- Notable Investments: Not publicly disclosed.
- Japan Energy Fund
- Details: Japan Energy Fund is an investment firm focused on energy-related investments. They led an undisclosed venture round for Sense in September 2021.
- Investment Focus Areas: Energy, sustainability, clean technology.
- Notable Investments: Not publicly disclosed.
- MacKinnon, Bennett & Company
- Details: MacKinnon, Bennett & Company is an investment firm focusing on sustainable and impact investments. They co-led the second Series B close for Sense in July 2019.
- Investment Focus Areas: Sustainability, impact investments, clean energy.
- Notable Investments: Not publicly disclosed.
- Schneider Electric (SE Ventures)
- Details: SE Ventures is the venture arm of Schneider Electric, focused on energy and sustainability. They led the first Series B close for Sense in October 2018 and have continued participating in subsequent rounds.
- Investment Focus Areas: Energy, sustainability, clean technology.
- Notable Investments: Not publicly disclosed.
What's Next for Sense?
Sense is poised to capitalize on the growing demand for energy-efficient solutions. With plans to expand its technology to more homes and increase its international presence in Europe and Asia, the company is well-positioned to tap into new markets. The integration of their technology with new constructions and renewable energy sources like solar panels and batteries presents significant growth opportunities.
Given the substantial $105 million raised in their Series C round, future fundraising seems likely as Sense continues to scale. The company may also explore strategic acquisitions to enhance its offerings. However, challenges such as competition, regulatory hurdles, and the need to keep technology updated could pose obstacles. Nonetheless, the increasing interest in clean technology and energy management trends bodes well for Sense's future.
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