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Eliq Raises $.5M Seed Round from CBC Investment Group to Accelerate Market Adoption of its Award-Winning Intelligent Energy Optimization Solution for the Smart Home

08-24-2016 09:23 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Eliq

Eliq's energy optimization app helps users to save up to 25% off their energy bill

Eliq AB, the pioneer in intelligent energy monitoring and optimization solutions for the smart homeowner, today announced it has raised $.5M in a seed funding round from the Swedish CBC Investment Group.

The funds will be used chiefly to increase Eliq’s sales and marketing efforts towards electricity utility companies in Europe who are looking for ways to engage more intimately with their customers by offering home owners better control of their energy consumption. Eliq will also continue to empower third party Smart Home systems with its energy optimization technology, with LifeSmart Inc. being the first smart home company embedding Eliq.

Eliq is an energy management company, dedicated to improving the way we use energy in our everyday life through the smart home and machine-learning analytics. The company’s OEM solutions are available in Scandinavia through utility companies.

Eliq AB
Sockerbruket 9
41451 Gothenburg
Sweden

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