AZZO Secures Strategic Investment from Angeleno Group
AZZO, an Adelaide, Australia-based energy management software and services company, has secured a growth capital investment.
The investment comes from Angeleno Group, a Los Angeles, US-based venture capital firm specializing in growth capital for clean energy and climate solutions. The firm's core strategy is to invest in high-growth, well managed, innovative businesses with proven technologies and established customer traction. Angeleno Group invests in a range of deal types, with a strategy that is sector-focused and research-driven. Angeleno Group is headquartered in Los Angeles, California.
The company will use the funds to accelerate its expansion and further develop its EnergyX IoT platform.
Founded in 2005 by John Azzollini in Adelaide, AZZO specializes in energy management software, IoT platforms, and services. Operating in Australia and North America, the company provides technology and services that enable businesses to achieve sustainability goals, reduce energy costs, and enhance resilience and energy-related revenues. The EnergyX IoT platform is a cornerstone of AZZO’s offerings, delivering monitoring, analytics, applications, and control capabilities for both traditional and renewable energy systems.
Funding Details
Company: AZZO
Raised: Undisclosed
Round: Growth
Funding Month: December 2024
Lead Investor: Angeleno Group
Additional Investors:
Company Website: https://www.azzo.com/
Software Category: Energy Management