Backstage Capital is a venture capital firm that has invested more than $2M in 50+ companies led by underrepresented founders. The firm sees the fact that less than 10% of all venture capital deals go to women, People of Color, and LGBT founders as the “biggest opportunity in investment.” They have, just recently, added Solstice Energy Solutions to their portfolio.
Solstice Energy Solutions is a company that develops integrated IoT and software solutions for intelligent management of distributed energy resources. They believe everyone should have access to affordable and clean energy. Their technology can help you find the reliable solutions that work specifically for you, and are focusing first on emerging markets.
Solstice is potentially serving millions of homes and businesses in emerging markets, as they have developed a groundbreaking connected hardware and software platform that allows users to remotely monitor, manage and control all power sources.
The company’s first product, the Solstice SHYFT is among the first digital transfer switches of its kind. It provides an unprecedented level of intelligence, flexibility, and control of energy resources for residential and commercial buildings.
What this app is doing is bringing the much needed innovation in the energy sector. SHYFT does this effortlessly. Now users can monitor, manage, and control all energy sources (utility, generators, solar, and/or batteries) from a simple mobile application, while Solstice helps harmonize and optimize the system.
Solstice was co-founded by Ugwem Eneyo and Cole Stites-Clayton. The founders met while they were engineering graduate students at Stanford University. It is great that they have gotten a much needed financial boost to scale their product. We await their unlimited impact in emerging countries of the world.
You want to apply to Backstage capital? Go HERE.