Coperniq raises $4 million in seed round to bring SaaS to solar panel installers
In recent years, the demand for solar energy has soared as more people shift towards clean, renewable energy sources to combat climate change. At the same time, this surge has led to a rise in solar panel installers, who are facing various technical hurdles when deploying resources across different work sites. According to data from the Bureau of Labor and Statistics, the demand for solar installers is expected to grow 22% this year.
Among the challenges faced by these installers are the coordination of installation aspects, scheduling work, fostering team collaboration, and managing multiple projects concurrently. Traditionally, smaller solar installation companies have addressed some of these challenges using a myriad of spreadsheets, which proved cumbersome and inefficient.
On the other hand, larger companies often resorted to piecing together solutions from platforms like Salesforce or Oracle to fit the unique needs of solar installations. However, these solutions are not ideal, either falling short in capability or being excessive for the specific problems they aim to solve. Recognizing this, one tech startup has stepped in to assist solar installers in optimizing their project management processes and overall efficiency.
Enter Coperniq, a San Francisco, CA-based SaaS startup that aims to help solar installers streamline their project management processes and overall efficiency. Coperniq offers specialized workflow software designed to assist solar and energy contractors in effectively deploying and maintaining energy assets.
By connecting people, data, and systems, Coperniq aids solar and energy contractors in their growth, serving both residential and commercial EPCs (Engineering, Procurement, and Construction) with a platform tailored to manage their fulfillment and service operations.
On Monday, the Y Combinator-backed Coperniq announced it has secured $4 million in seed funding led by Initialized Capital, with participation from Y Combinator. Coperniq will use the fresh capital infusion to support market growth and expansion.
“We’re excited to partner with Initialized Capital and Y Combinator to help us continue to grow and scale our business,” said Abdullah Al Zandani, co-founder and CEO of Coperniq. “We believe that SaaS is the future of solar installation, and we’re committed to providing the best possible tools and resources to help installers succeed.”
Founded in 2021 by Abdullah Al Zandani and Max Kazakov, Coperniq specializes in workflow management software designed for solar and energy contractors. Their platform provides a suite of features enabling installers to monitor project progress, manage workflows, and oversee performance – all within a centralized dashboard.
What sets Coperniq apart is its emphasis on long-term recurring revenue, aiming to be a steadfast partner in the success of solar installers. The startup was included in Y Combinator’s Winter 2023 batch, aligning with the accelerator’s focus on investing in more climate tech startups.