Deck Raises $12 Million To Become The Plaid Of Power, Pipes, And Trash

“We Believe Data Is to Business What Water Is to Life,” says team Deck

Deck is a startup that gives platforms access to real-time utility data from electricity, gas, water, and waste providers around the world. This data allows platforms to improve energy management, simplify sustainability reporting, and automate billing.

Approximately nine months after its seed financing, the startup, which claims to be developing “the Plaid for the rest of the internet,” has secured $12 million in a Series A funding round.

The new raise, led by Infinity Ventures, brings Montreal-based Deck’s total raised since its January 2024 inception to $16.5 million. Golden Ventures and Better Tomorrow Ventures co-led its seed raise.

Built by Data Infrastructure Veterans

Founded in 2024 the team at Deck is composed of industry veterans with extensive experience in technology, energy management, and data analytics. Founders Yves-Gabriel Leboeuf, Frederick Lavoie, Bruno Lambert, and Julien Bélisle are united by a common goal and that is to create a platform that makes utility data as accessible and actionable as possible for businesses.

Leboeuf and Lavoie had previously founded Flinks, which was acquired by the National Bank of Canada for approximately US$140 million in 2021. This is not their first entrepreneurial venture.

One of the key advantages of Deck’s platform is its ability to help businesses optimize energy consumption. By providing real-time access to utility data, Deck allows companies to track their energy usage patterns and identify inefficiencies. This enables businesses to reduce waste and lower costs, whether by shifting energy consumption to off-peak hours or improving operational processes. 

As one of the founders Laboeuf said, “When a user connects an account, Deck’s infrastructure handles everything behind the scenes. Its AI agents log in, navigate, and extract the data “just like a human would — but faster, more reliably, and at scale.” 

Structuring the World’s Utility Data

As sustainability becomes an increasingly important focus for companies, the startup simplifies the complex task of sustainability reporting. With structured data on energy use and environmental impact, businesses can easily track their sustainability efforts, comply with regulations, and provide transparent reports to stakeholders. Deck’s platform ensures that companies can meet the growing demand for environmental responsibility while staying ahead of regulatory requirements. Deck’s automated billing process. Utility billing can often be prone to errors, leading to discrepancies in charges. By automating billing through structured data, Deck reduces administrative burden and eliminates inaccuracies, ensuring businesses only pay for the energy they actually use.

Deck’s ability to provide global access to utility data is particularly valuable for businesses with a global presence. The platform aggregates data from multiple regions and utility providers, giving companies a centralized view of their energy consumption and sustainability efforts worldwide. This streamlines operations, simplifies data management, and helps businesses track progress toward sustainability goals across different markets.

In an increasingly data-driven world, Deck’s platform is a powerful tool for businesses looking to optimize their utility management. By turning fragmented data into clear, usable insights, their platform is not just improving energy management but also helping businesses reduce costs and enhance their environmental responsibility. As the demand for efficiency and sustainability grows, Deck is poised to play a pivotal role in shaping the future of utility data management.

The Series A round will provide Deck with the capital it needed to expand its platform, enhance its technology, and grow its team. This influx of funds also allows it to accelerate its efforts in scaling globally and refining its product to meet the demands of businesses looking for efficient energy management and sustainability solutions.

A Techcrunch report noted that the trio believes that recent AI developments have highlighted the critical need for open access to non-financial data. In the absence of such access, AI models risk being trained on outdated, biased, or incomplete information.