Banking & Finance  March 21, 2017

Boulder-based energy auditor closes first round of funding

BOULDER — Simuwatt Inc., a tech company with an application for measuring energy use in commercial buildings, recently closed on its first round of funding and is seeking additional funds.

The Boulder-based energy auditor is a spinoff of Concept 3D, founded in 2006.

So far, Simuwatt has raised a little more than $500,000, said chief executive Oliver Davis. The company’s goal is to raise $1.5 million, which will bring the app to market and cover sales and marketing.

The tablet- and web-based app works when information related to energy use in a building…

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