HolaLuz secured EUR 4 million from Axon Partners.

HolaLuz, a Barcelona, Spain-based online energy company, announced the completion of a EUR 4 million ($4.4M) investment round.

The funding was backed by investors from Spain, including Axon Partners.The proceeds will be used to consolidate its position in the sector as the leader in the transformation of the energy industry and the first independent power trader, and will help to position its new product for gas, HolaGas.

HolaLuz, founded in 2011 and led by Carlota Pi, developed a software solution that provides energy analytics i.e monitor and optimize energy usage.

The company's platform integrates sensors and analytics software that track individual energy consumption, recommends profitable rates and suggests ways on how to reduce energy usage through green energy meters, enabling clients to save energy cost and reduce pollution. Currently, HolaLuz installs solar panels and sells 100% renewable electricity to homes