HELIXintel Successfully Closes Series A Funding Round with National Grid Partners as Lead Investor

Jon DeWald, CEO, HELIXintel

HELIXintel, a digital tools provider for equipment tracking and maintenance, has successfully closed an $11 million Series A funding round led by National Grid Partners. The startup, founded in 2019, offers a platform that helps businesses monitor and acquire equipment by partnering with top-level insurance groups. By leveraging its customers’ existing insurance coverage, HELIXintel can easily activate sites on its platform. In addition to securing funding, the company recently introduced HELIXintel Savings Scout, a product that assists businesses in identifying and applying for building-related incentives such as rebates, grants, and tax credits. The partnership with National Grid enables users to access energy cost-saving measures through the platform. With a focus on growth, HELIXintel added over 100,000 buildings to its platform in Q2 2023, and plans to expand its customer success, operations, and engineering teams with the Series A funds. The startup aims to provide excellent service as it continues to scale, and expects to have around 27 employees by the end of the year.

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