About Avangrid
Avangrid is a company based in Orange (United States) founded in 2015 was acquired by Iberdrola in May 2024.. Avangrid offers products and services including Electricity Services and Gas Services.
- Headquarter Orange, United States
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Avangrid, Inc
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Products & Services of Avangrid
Avangrid offers a comprehensive portfolio of products and services, including Electricity Services and Gas Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electricity is supplied by Avangrid to power homes, businesses, and critical infrastructure across various states
Natural gas is distributed by Avangrid to support residential and commercial needs in designated regions
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Funding Insights of Avangrid
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $2.5B
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First Round
First Round
(02 Jul 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Debt – Conventional - Avangrid | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avangrid
Avangrid has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Iberdrola. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Integrated solutions for energy generation and sustainability are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Avangrid
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Avangrid
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avangrid Comparisons
Competitors of Avangrid
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Avangrid
When was Avangrid founded?
Avangrid was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Avangrid located?
Avangrid is headquartered in Orange, United States. It is registered at Orange, California, United States.
Who is the current CEO of Avangrid?
James Torgerson is the current CEO of Avangrid.
What does Avangrid do?
Avangrid was founded in 2015 and is headquartered in Orange, United States. Operations are centered in the utilities sector, where electricity and natural gas are delivered to consumers via an extensive network. Investments are made in renewable sources, including onshore and offshore wind projects. Sustainability is prioritized through climate action and decarbonization initiatives. A compliance program and corporate governance structure are maintained internally, alongside employee development and supplier engagement programs.
What products or services does Avangrid offer?
Avangrid offers Electricity Services and Gas Services.
Who are Avangrid's investors?
Avangrid has 1 investor. Key investors include Iberdrola.
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