Qmerit

company

About

Energy Transition Made Easy

  • 11 - 50

Details

Last Funding Type
Series Unknown
Last Funding Money Raised
$11.75M
Industries
Building Maintenance,Computer,SaaS,Software,Supply Chain Management
Founded date
Jan 1, 2015
Number Of Employee
11 - 50
Operating Status
Active

Qmerit simplifies the adoption of electrification products for residential and light commercial markets. A leader in green energy transformation, the company provides value-driven services throughout the renewable energy equipment implementation lifecycle, from system planning, contractor selection, installation oversight and ongoing maintenance. Combining the company's digital managed services platform, nationwide network of certified electrical contractors and white-glove concierge services, Qmerit delivers customers an unmatched quality experience when installing electric vehicle charging stations, battery walls and microgrid solutions.

Whether you use contractors or employees to service your customers or products, your brand reputation is at risk every day. Qmerit is a software platform that enables you to manage, measure, and motivate your contractors and employees to excel while gaining visibility into their service quality. Qmerit’s patent-pending algorithms allocate the best resource at the best value for every service request.

Whenever equipment in a building is being serviced, parts and materials are often required. Contractors and building engineers purchase over $100B in parts and equipment each year for service, maintenance and retrofits, but no one has successfully aggregated these purchases. Qmerit has partnered with Avendra to aggregate this spend and use this leverage with suppliers and OEM’s to maximize discounts on parts and materials and provide Amazon-like eProcurement software to access these deep discounts.

At the heart of the platform is our Qmerit Contribution Index (QCI™) performance measurement system that is used for your workforce and your suppliers. The QCI is a continuously calculated score based on past performance, callback rates, procedural compliance and more. Similar to a FICO® score, QCI scores are visible to all key stakeholders, creating a powerful motivation framework that incentivizes desired behavior and provides real-time performance feedback. The QCI algorithm has been vetted and validated by the quant group at Mercer (MMC), the world’s largest human capital consulting firm.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$13.77M
Qmerit has raised a total of $13.77M in funding over 2 rounds. Their latest funding was raised on Apr 5, 2018 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Apr 5, 2018 Series Unknown $11.75M 2 Detail
Apr 7, 2016 Series Unknown $2.02M 1 Detail

Investors

Number of Lead Investors
Number of Investors
3
Qmerit is funded by 3 investors. Future Energy Ventures and Schneider Electric are the most recent investors.
Investor Name Lead Investor Funding Round
Future Energy Ventures Series Unknown
Schneider Electric Series Unknown
Colle Capital Partners Series Unknown