Enbala Power Network saw its Series B financing close at $17.5 million after Zoma Capital invested. Zoma Capital is the investment arm for the Ben and Lucy Ana Watson family. It is from Denver.
“Zoma and Enbala both have offices in Denver, and both are focused on building a sustainable energy future,” said Arthur “Bud” Vos, president and CEO at Enbala. “Zoma’s investment in Enbala is the perfect alignment of philosophies and goals, and we welcome the investment to further expand our Symphony by Enbala platform.”
Other Series B investors included ABB Technology Ventures, National Grid, GE Ventures, Obvious Ventures, Enertech Capital and Chrysalix Venture Capital.
“Our investment in Enbala will enable utilities, energy service companies and commercial enterprises to accomplish their common goal of more efficiently utilizing distributed and renewable energy resources,” said Melissa Cheong, chief investment officer at Zoma Capital.