Gurgaon based energy management company LogicLadder has raised Rs 1.72 crores in an angel funding round at an undisclosed valuation.
The company plans to use the newly raised funds to accelerate its growth and improve technology.
The company plans to use the newly raised funds in product improvement and marketing. It has recently entered the GCC market and plans to expand its footprint in South East Asia.
LogicLadder, founded in 2011, offers energy management software; hardware solutions to organization to help them reduce their energy costs. The company’s product line includes EnergyLogicIQ, a cloud based energy management software platform and Energy Intelligence Services.
The energy management company says that it also plans to raise Series A funding within next 8 months. LogicLadder is targeting revenues of $ 2.5 mn by end of FY 2014-2015.