HData, Inc., which delivers and scales RegTech solutions, and nine other recently-founded technology companies, have been selected to participate in Techstars Alabama EnergyTech Accelerator, a three-month program that connects startups with investors, customers, and mentors, and includes investment by Techstars.
Techstars is one of the largest venture capital operations in the world, with investments valued at over $29 billion. Techstars’ 2021 EnergyTech cohort builds on the momentum of last year’s highly successful inaugural class, which saw teams collectively raise over $25 million in capital investment post-program. Fewer than 1% of startups that apply are offered a spot in Techstars’ accelerator programs.
HData’s software platform, FERC Pro, is now used by over 20 energy companies to fulfill their government reporting requirements and compare themselves with peers and competitors. It is the only comprehensive platform that automates the filing process, automatically infuses insights from past and peers’ reports, and enables a comprehensive view of the energy industry.
“I’m thrilled that HData is joining Techstars’ EnergyTech accelerator program,” said HData founder and CEO Hudson Hollister. “Techstars brings us exactly the network we need for our Joliet-based team to deliver FERC Pro across the entire U.S. energy industry.” Hollister has temporarily relocated to Birmingham, AL, where the accelerator program is being run, to participate in person, and will return to Joliet in December.
“I’m inspired by the work HData is doing to modernize energy compliance and business intelligence,” said Nate Schmidt, Managing Director of Techstars Alabama EnergyTech Accelerator. “Their FERC Pro platform delivers valuable, industry-specific data to a massive, underserved market and offers utility and pipeline companies a simple compliance solution within the same interface.”
HData’s mission is to digitize the interface between the regulatory sector and the private sector. HData’s leaders apply over 50 years of experience in XBRL to make life easier for people who comply with regulations, enforce regulations, and use regulatory data. www.hdata.us
Techstars is the worldwide network that helps entrepreneurs succeed. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates three divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, and Techstars Corporate Innovation Partnerships. Techstars accelerator portfolio includes more than 1,900 companies with a market cap of more than $25 Billion. www.techstars.com