Termina, the software platform that manages lower cost energy for SME and multisite businesses through collective buying, today announces the successful closure of its $3 million pre-Series A funding round. The round was led by EVP Fund IV, with continued support from existing investors Archangel and Skalata. This capital injection will accelerate Termina's vision to create net zero cost and emissions energy through the development of a centralised software for businesses to manage and procure energy related products.

Founded in 2020 by Michael Koopman (CEO), Rodrigo Garcia-Mulder (Head of Sales), and Tom Dempster (CTO), Termina's comprehensive energy management software provides businesses with a complete platform that automatically switches clients to the best available pricing, while also facilitating competitive pricing through collective Power Purchase Agreements (PPAs), and streamlining all energy administration and analytics. Designed specifically for multi-site businesses with multiple energy meters and assets, Termina has already attracted notable Australian customers including Betty's Burgers, Pizza Hut and Fishbowl. 

Termina aims to transform Australia's unbalanced energy landscape, which currently favors large energy consumers over small to medium enterprises. The market's "big three" – Origin Energy, AGL, and Energy Australia – command approximately 70% market share nationwide. While traditional small business energy brokers exist, they are paid commissions by retailers, meaning their incentives are misaligned with customers. Termina is paid based on the savings it generates, meaning the business is fully aligned with its customers and designed to save them money.

"Our platform unites previously isolated small businesses in a way that hasn't been possible before," says Koopman. "Through collective purchasing power, businesses can even the playing field of energy pricing disparities in Australia. Our customers are automatically switched to the best energy plan for their specific business needs without time consuming and frustrating phone calls to providers. The platform simplifies their invoicing and management processes while delivering significant savings with zero ongoing effort."

Lead investor, EVP’s Allen Zhu, comments, "Termina is pioneering a fundamentally different approach in the Australian market. Unlike conventional solutions, their pricing model is based on customer savings rather than provider incentives. After first meeting the company in 2021, we've closely tracked their growth and impressive customer retention for over two years. We're confident that Michael, Rodrigo, and Tom have built a genuinely user-centric platform that delivers sustainable, long-term value to customers."

Today, Termina manages over 4,000 meters out of the 4.5 million energy meters in Australia. It currently serves ~900 customers and manages over $3.6 million of monthly energy spend, doubling its annual recurring revenue over a 12 month period. Customers are sticking with the no-effort, cost-saving platform, with many continuing to uncover savings well beyond 24 months. Most Termina customers save over $2,000 annually on their energy bills. 

Looking ahead, Termina plans to expand its coverage of energy products and services, providing a comprehensive energy management solution. Termina’s proven traction represents a transformative shift in Australia's energy market dynamics, driving cost savings and material efficiency gains for a growing number of enterprise customers.

About Termina

Founded in 2020, Termina provides an energy management software platform that helps businesses reduce energy costs through collective buying agreements while simplifying all energy-related administration in one centralised solution.

For more information, visit www.termina.io