...research predicts a 45% year-over-year growth in the Residential Energy Monitoring market, and weMonitor is well positioned to become the dominant player in that market.
SAN DIEGO, California (PRWEB) June 06, 2013
weMonitor Inc (http://www.wemonitorhome.com), a new entrant in the home energy efficiency market, announced today that it has secured a $5.3M commitment through Dominion Investment Group of Norfolk, Virginia (http://www.dominioninvestmentgroup.com). With the funding, weMonitor plans to expand its technical and marketing team and release its first product offerings in the fourth quarter of 2013.
WeMonitor was recently named among the top ten "new companies to watch" by Entrepreneur magazine.
“We are delighted to be working with Dominion,” said Dean McDaniel, CEO of weMonitor. “Dominion has not only given us the working capital to launch a world-class product, but they’ve been a strong exponent in promoting our vision and connecting us to strategic partners.”
“We believe weMonitor offers an excellent investment opportunity for our clients,” said Daryl Bank of Dominion Investment Group. “Market research predicts a 45% year-over-year growth in the Residential Energy Monitoring market, and weMonitor is well positioned to become the dominant player in that market.”
About weMonitor, Inc
weMonitor helps homeowners save money on energy bills by creating frictionless connections to the products, services and know-how that will them save money. Using advanced analytics coupled with pragmatic recommendations, weMonitor makes it easy for homeowners to take control and save on their energy bills.
About Dominion Investment Group
Dominion Investment Group was formed in 2003 in Virginia Beach, Virginia and recently opened an office in Port St Lucie, Florida. Dominion specializes in providing private equity funding to existing businesses in need of capital. They also work closely with entrepreneurs across the country that are trying to bring new advanced ideas to the market and need assistance securing investment capital in order to launch new products. In addition to providing private equity funding for clients, Dominion offers insurance, investment and trust services as well.
p: 858.707.5118 x 107
For Dominion Investment Group:
p: 757 226-9440