About Avista Utilities
Avista Utilities is a company based in Spokane (United States) founded in 1889 was acquired by Hydro One in July 2017. It operates as a Subscription Services, and Pay-per-Use / Usage-Based. Avista Utilities has raised $7.5 million across 2 funding rounds from investors including Hydro One, Chrysalix Venture Capital and OSTI.GOV. Avista Utilities has completed 1 acquisition, including Vitol. Avista Utilities offers products and services including Electric Service, Natural Gas Service, and Renewable Energy Options.
- Headquarter Spokane, United States
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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 Avista Corporation
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Products & Services of Avista Utilities
Avista Utilities offers a comprehensive portfolio of products and services, including Electric Service, Natural Gas Service, and Renewable Energy Options. 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 provided to residential and business customers.
Natural gas is supplied for heating and energy needs.
Renewable energy solutions are offered for sustainable power.
Funding Insights of Avista Utilities
Avista Utilities has successfully raised a total of $7.5M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $20 million completed in March 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $20.0M
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First Round
First Round
(23 Jul 2003)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2010 | Amount | Grant - Avista Utilities | Valuation |
investors |
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| Jul, 2003 | Amount | Series A - Avista Utilities | Valuation |
investors |
| 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 Avista Utilities
Avista Utilities has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Hydro One, Chrysalix Venture Capital and OSTI.GOV. 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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Chrysalix Venture Capital is focused on industrial innovation investments.
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Founded Year | Domain | Location | |
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Scientific and technical information is managed and disseminated by OSTI.GOV.
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Founded Year | Domain | Location | |
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Electricity transmission and distribution services are provided in Ontario.
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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 Avista Utilities
Avista Utilities has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Vitol. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Oil processing, storage, and shipping services are provided globally.
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1966 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Avista Utilities
| 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 |
Avista Utilities Comparisons
Competitors of Avista Utilities
| 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 Avista Utilities
When was Avista Utilities founded?
Avista Utilities was founded in 1889 and raised its 1st funding round 114 years after it was founded.
Where is Avista Utilities located?
Avista Utilities is headquartered in Spokane, United States. It is registered at Spokane, Washington, United States.
Is Avista Utilities a funded company?
Avista Utilities is a funded company, having raised a total of $7.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $7.5M, raised on Jul 23, 2003.
What does Avista Utilities do?
Avista Utilities is involved in the distribution of electricity and natural gas to residential and business customers across Washington, Idaho, and Oregon. Services are extended to include renewable energy options such as solar and natural gas programs. The company is committed to environmental stewardship and community support, offering energy-saving rebates and safety programs. Operations are focused on maintaining reliable energy supply while integrating sustainable practices and supporting local initiatives.
What products or services does Avista Utilities offer?
Avista Utilities offers Electric Service, Natural Gas Service, and Renewable Energy Options.
How many acquisitions has Avista Utilities made?
Avista Utilities has made 1 acquisition, including Vitol.
Who are Avista Utilities's investors?
Avista Utilities has 3 investors. Key investors include Hydro One, Chrysalix Venture Capital, and OSTI.GOV.
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