The round was led by ClearSky, Sidewalk Infrastructure Partners (SIP), and TELUS Ventures. Investors also include Carrier and SunPower; the strategic partnership with both companies was announced in March 2022.

The funding round includes continued support from SIP, which previously led OhmConnect's Series C round. Other repeat investors include City Light Capital, Floodgate, Citi Impact Fund, Elemental Excelerator, and Radicle Impact. In addition to ClearSky, TELUS Ventures, Carrier and SunPower, Japan Energy Fund has also joined as a new investor on this round. Barclays acted as sole placement agent to OhmConnect on the capital raise.

OhmConnect, winner of the 2021 Fast Company World Changing Ideas Award, helps hundreds of thousands of customers manage their at-home electricity and rewards them for smarter energy use. The company pays its customers for saving electricity when the grid is stressed and likely to utilize dirty power, unlocking clean, affordable, and reliable energy. With more than $17 million in rewards paid to its customers, OhmConnect is making a future of 100% clean energy accessible to everyone. Customers of the three major California electric utilities - Pacific Gas & Electric (PG&E), Southern California Edison (SCE), and San Diego Gas & Electric (SDG&E) - as well as Con Edison in New York, can sign up with OhmConnect for free at ohmconnect.com. Texas residents can select OhmConnect as their retail electric provider.