About Beacon Power Services
Beacon Power Services is a company based in Lagos (Nigeria) founded in 2010 by Bimbola Adisa.. Beacon Power Services has raised $10.77 million across 3 funding rounds from investors including Partech Partners, Proparco and Finnfund. Beacon Power Services offers products and services including CAIMS, Adora, and Facility Management. Beacon Power Services operates in a competitive market with competitors including Particle, Signify, Landis+Gyr, Span.IO and PowerSecure, among others.
- Headquarter Lagos, Nigeria
- Founders Bimbola Adisa
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Sectors
Business ServicesTechnology Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Beacon Power Services Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.77 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Partech Partners
& 13 more
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Employee Count
Employee Count
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Products & Services of Beacon Power Services
Beacon Power Services offers a comprehensive portfolio of products and services, including CAIMS, Adora, and Facility Management. 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.
Manages customer and asset data for utility networks.
Optimizes utility operations and profitability through data.
Improves facility efficiency and productivity with tailored tools.
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Funding Insights of Beacon Power Services
Beacon Power Services has successfully raised a total of $10.77M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(05 Aug 2022)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series A - Beacon Power Services | Valuation | Partech Partners | |
| Aug, 2024 | Amount | Series A - Beacon Power Services | Valuation |
investors |
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| Aug, 2022 | Amount | Seed - Beacon Power Services | Valuation | Seedstars Africa Ventures |
| 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 Beacon Power Services
Beacon Power Services has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Partech Partners, Proparco and Finnfund. 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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Venture capital is provided to global tech startups and scale-ups.
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Founded Year | Domain | Location | |
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Investments in sustainable development projects in developing countries.
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Founded Year | Domain | Location | |
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Economic development investments are financed through specialized solutions by Proparco.
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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 Beacon Power Services
| 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 - Beacon Power Services
| 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 |
Beacon Power Services Comparisons
Competitors of Beacon Power Services
Beacon Power Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Particle, Signify, Landis+Gyr, Span.IO and PowerSecure, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Energy efficiency and smart grid management solutions
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| domain | founded_year | HQ Location |
Automotive lighting equipment is manufactured by Osram in Germany.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Beacon Power Services
Frequently Asked Questions about Beacon Power Services
When was Beacon Power Services founded?
Beacon Power Services was founded in 2010 and raised its 1st funding round 12 years after it was founded.
Where is Beacon Power Services located?
Beacon Power Services is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of Beacon Power Services?
Bimbola Adisa is the current CEO of Beacon Power Services. They have also founded this company.
Is Beacon Power Services a funded company?
Beacon Power Services is a funded company, having raised a total of $10.77M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.7M, raised on Aug 05, 2022.
What does Beacon Power Services do?
Provider of web-based building energy management software solutions. It provides solutions for network analytics which includes energy audit and meter data aggregation, and customer engagement which includes customer portal and revenue protection. It offers features such as energy management, real-time updates, facility management, utility services, asset management, shadow metering, diesel monitoring, and more. It also offers solutions for industrial building facilities.
Who are the top competitors of Beacon Power Services?
Beacon Power Services's top competitors include Particle, Landis+Gyr and Signify.
What products or services does Beacon Power Services offer?
Beacon Power Services offers CAIMS, Adora, and Facility Management.
Who are Beacon Power Services's investors?
Beacon Power Services has 14 investors. Key investors include Partech Partners, Proparco, Finnfund, Gaia Impact, and Kaleo Ventures.
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