Enact Systems
Software Platform for Solar and Storage
Overview
Raised: $155,889
Rolling Commitments ($USD)
01/30/2022
$1,713
127
2012
Energy, Power, & Natural Resources
Cleantech
B2B/B2C
High
Low
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$526,910 |
$594,196 |
COGS |
$55,072 |
$20,386 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-421,275 |
$-509,968 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$16,132 |
$11,055 |
Accounts Receivable |
$295,261 |
$372,151 |
Total Assets |
$639,125 |
$445,626 |
Short-Term Debt |
$323,582 |
$79,446 |
Long-Term Debt |
$1,512,663 |
$1,530,463 |
Total Liabilities |
$1,836,245 |
$1,609,909 |
Upgrade to gain access
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Founder Profile
ENACT Systems Co-founder Deep Chakraborty Is Simplifying Solar
Solar power is becoming increasingly affordable. As more consumers try to make environmentally conscious decisions, installing solar panels at a residence or business seems like an excellent way to make a difference. However, consumers might have difficulty navigating the marketplace and end up spending more than necessary as a result.
ENACT Systems’ platform uses data and software to simplify solar power for both parties of the transaction. The Engage product helps consumers stay informed about solar power purchases from the beginning, and the Envision product allows installers to propose projects and manage their offerings in detail. We reached out to CEO and co-founder Deep Chakraborty to learn more about the inspiration behind the company and how the co-founders came together.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.