MaRS IAF tops up EnergyX Solutions' seed deal to $1.8 mln

EnergyX Solutions Inc, a Toronto-based energy management software platform, has raised $500,000 in financing from MaRS Investment Accelerator Fund (IAF), a Canadian seed-stage venture capital firm. The investment adds to the seed-stage round secured by company last year, bringing the total to $1.8 million. The round’s first tranche was led by Globalive Capital. The proceeds will be used to support EnergyX’s expansion into the United States. Founded in 2016, EnergyX is a marketing automation provider that uses artificial intelligence and machine learning to help utilities and energy retailers engage with customers.