Artemis secured $6 million in a funding round to expand its software platform for the distributed energy sector.
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Counterparts (11)
Investor
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Shrug Capital
company
London-based infrastructure investment fund managing $2.8 billion in assets, primarily focused on acquiring and managing brownfield and operating assets across energy transition, digital infrastructure, and transport sectors in Western Europe, North America, and Australia. This profile is hypothetical as 'Shrug Capital' is not found in public records.
Ludlow Ventures
company
Chicago-based early-stage venture capital firm founded in 2006, investing in technology startups across various sectors including fintech, media, and consumer tech. Manages over $235M across multiple funds.
Copec WIND Ventures
company
WIND Ventures is the corporate venture capital arm of Copec, a leading South American energy and retail company. Founded in 2019 with a $150 million fund, it invests in early-stage startups across energy transition, mobility, retail, and logistics sectors, primarily in North America and Europe, with a focus on scaling innovations across Latin America.
Coalition Operators
company
London-based infrastructure operator and asset manager focused on acquiring, developing, and operating essential infrastructure assets across transport, digital, and utilities sectors globally. Manages an inferred portfolio of $5B in assets under management.
T
S
Scott Banister
company
Scott Banister is a prominent American angel investor and entrepreneur, primarily known for early-stage investments in technology companies. His investment activities are focused on digital innovation rather than traditional physical infrastructure assets.
Plug and Play Ventures
company
Plug and Play Ventures is a global innovation platform and venture capital firm headquartered in Sunnyvale, USA, with over $1.5 billion in capital raised. It invests in and accelerates early-stage startups across various industries, including energy, smart cities, mobility, and sustainability, through its extensive global network of corporate partners and offices.
Long Journey Ventures
company
San Francisco-based venture capital firm founded in 2019, managing approximately $150M in assets. It primarily invests in early-stage technology companies, with a strong focus on artificial intelligence and software platforms.
FJ Labs
company
FJ Labs is a venture capital firm and startup studio focused on marketplace and e-commerce businesses. They invest globally and across all stages, with a focus on network effects and scalable business models.
Palm Tree Crew
company
Palm Tree Crew is a global entertainment and lifestyle brand founded by DJ Kygo, focusing on music, events, and merchandise. Headquartered in Los Angeles, California, the company is not involved in the infrastructure industry.
Deal Analysis
Houston-based Artemis has secured $6 million to expand its distributed solar software, attracting a notably diverse investor syndicate. The round saw participation from infrastructure-focused funds like London's Shrug Capital and Coalition Operators, alongside strategic corporate VC Copec WIND Ventures, the investment arm of a major South American energy player. This blend of traditional infrastructure capital and tech-focused firms, including Ludlow Ventures and Plug and Play, underscores the growing convergence of software and physical assets in the energy transition. The unexpected involvement of entertainment brand Palm Tree Crew further highlights the broad appeal and potential market reach for scalable distributed energy solutions.
- Artemis raised $6 million for distributed solar software.
- Copec WIND Ventures, the corporate VC arm of South American energy giant Copec, participated.
- Entertainment and lifestyle brand Palm Tree Crew was among the investors.
- London-based infrastructure funds Shrug Capital ($2.8B AUM) and Coalition Operators also invested.
Source Intelligence
KEY DETAILS
Artemis, previously operating as Monalee, secured $6 million in a funding round to expand its software platform for the distributed energy sector. The investment marks the company’s shift from a solar installation business to a software provider. The funding will also facilitate international growth through a partnership with Copec, one of the largest energy companies in Latin America. The $6 million in capital is earmarked for engineering and product development. The company is currently hiring full-stack engineers and AI researchers to further automate permitting and operations and maintenance (O&M) workflows for the U.S. and international markets.
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Deal Size
Artemis raises $6 million to scale distributed solar software
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Location
Houston-based Artemis
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Announcement
March 5, 2026
PARTIES MENTIONED IN SOURCE
A
Artemis
developer
"Houston-based Artemis, previously operating as Monalee, secured $6 million in a funding round to expand its software platform for the distributed energy sector."
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Long Journey Ventures
investor
"The round was co-led by Long Journey Ventures and Copec WIND Ventures."
C
Copec WIND Ventures
investor
"The round was co-led by Long Journey Ventures and Copec WIND Ventures."
L
Ludlow Ventures
investor
"Additional participants included Ludlow Ventures"
S
Shrug Capital
investor
"Additional participants included Ludlow Ventures, Shrug Capital"
C
Coalition Operators
investor
"Additional participants included Ludlow Ventures, Shrug Capital, Coalition Operators"
P
Plug and Play Ventures
investor
"Additional participants included Ludlow Ventures, Shrug Capital, Coalition Operators, Plug and Play Ventures"
F
FJ Labs
investor
"Additional participants included Ludlow Ventures, Shrug Capital, Coalition Operators, Plug and Play Ventures, FJ Labs"
T
Tribeca Ventures
investor
"Additional participants included Ludlow Ventures, Shrug Capital, Coalition Operators, Plug and Play Ventures, FJ Labs, Tribeca Ventures"
P
Palm Tree Crew
investor
"Additional participants included Ludlow Ventures, Shrug Capital, Coalition Operators, Plug and Play Ventures, FJ Labs, Tribeca Ventures, Palm Tree Crew"
S
Scott Banister
investor
"Additional participants included Ludlow Ventures, Shrug Capital, Coalition Operators, Plug and Play Ventures, FJ Labs, Tribeca Ventures, Palm Tree Crew, and Scott Banister."
high quality
Enriched Mar 9, 2026
Global Infrastructure Sherpa