About Black Bear Energy
Black Bear Energy is an Energy & Utilities company based in Boulder (United States) founded in 2015, and was acquired by Legence in July 2022. Black Bear Energy is recognized as a leading solar and storage buyers representative for commercial real estate. It operates on a Professional Services and Commission-Based model. Black Bear Energy has raised $10.5 million across 4 funding rounds from investors including Capricorn Partners, Legence and Boulder Ventures. Black Bear Energy offers products and services including Solar and Storage Solutions. Its focus areas include Energy, Renewable Energy and Solar Energy. Its competitors include GreenTech Solutions Group and Citizen Energy; 1 of its 2 listed competitors has raised funding.
Company details
Black Bear Energy is established as a key player in the commercial solar market, focusing on solar and storage solutions for real estate portfolios. Services are provided across industries such as industrial, life science, data centers, retail, office, and multi-family sectors. The company is supported by a proprietary online platform and decades of experience to identify, procure, and execute energy projects. Clients are assisted with market expertise, competitive pricing, and project management to deploy renewable energy solutions efficiently. A commitment to transparency and aligned incentives is maintained through a success-fee model.
- Headquarters Boulder, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website blackbearenergy.com
- Social LinkedIn X YouTube
- Acquired by Legence (Jul 2022)
- Legal Name Black Bear Energy
- Total Equity Funding$10.5M (USD)
in 4 rounds
- Latest Funding Round$5.7M (USD), Series A
Nov 2018
- InvestorsCapricorn Partners
& 4 more
- Acquired byLegence
(Jul 2022)
Products & Services of Black Bear Energy
Black Bear Energy offers a comprehensive portfolio of products and services, including Solar and Storage Solutions.
Solar and storage projects are facilitated for portfolios.
Apps and channels of Black Bear Energy
its YouTube channel Legence has 124 subscribers.
Funding Insights of Black Bear Energy
Black Bear Energy has successfully raised a total of $10.5M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $5.7 million completed in November 2018. 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 $10.5M
- Total Rounds 4
- Last Round Series A — $5.7M
- First Round $500,000
(Jun 2015)
- Investors Count 4
All 4 funding rounds of Black Bear Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2018 | $5.7M | Series A | – | – | |
| Feb 2018 | $1.8M | Series A | – | – | – |
| Aug 2016 | $2.5M | Series A | – | Boulder Ventures | |
| Jun 2015 | $500,000 | Seed | – | – |
5 investors in total: 5 institutional.
Investors in Black Bear Energy
Black Bear Energy has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Capricorn Partners, Legence and Boulder Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are directed by Capricorn Partners into European tech ventures. | 1993 | capricorn.be | Leuven, Belgium | |
Venture capital is offered by Boulder Ventures for innovative companies. | boulderventures.com | Boulder, United States | ||
A nonprofit foundation dedicated to promoting clean energy initiatives. | 1982 | rmi.org | Boulder, United States | |
Offers carbon accounting solutions for environmental sustainability. | 2009 | carbonwarroom.com | Basalt, United States | |
Legence is recognized as a leader in building performance solutions. | 1963 | wearelegence.com | San Jose, United States |
Investor details for Black Bear Energy
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- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Black Bear Energy
19 people are tracked at Black Bear Energy (10 in leadership, 3 in board & advisors, 6 in team).
| Name | Role | Group |
|---|---|---|
Kenneth Bradtke | Vice President Of Renewable Transactions | Leadership |
Pauline Hanset | Director Of Client Operations | Leadership |
Ben A Felson | Director, Development & Construction | Leadership |
Drew Torbin | Founder & President | Leadership |
Aaron Olson | Vice President Of Business Development | Leadership |
Jen Lessick | Sr. Director, Client Operations | Leadership |
Drew Carney | Sr. Vice President, Development | Leadership |
Samuel Ramirez | Senior Vice President - Operations | Leadership |
Victoria Stulgis | Senior Vice President, Client Operations | Leadership |
Scott Musich | Vice President Of Development | Leadership |
Tim Wolf | Board Member | Board & advisors |
Iain Campbell | Chairman | Board & advisors |
Ryan Martens | Board Member | Board & advisors |
Hannah Svonavec | Renewable Transactions Associate | Team |
Eliana Mallory | Client Operations Associate | Team |
Pat Wheeler | SVP, Finance | Team |
Tracy Goldberg | Controller | Team |
Erin Edwards | SVP of Renewable Transactions | Team |
Tanner Garrett | Project Manager, Development & Construction | Team |
Complete people profiles for Black Bear Energy
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Timeline of Black Bear Energy
4 dated milestones of Black Bear Energy across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Black Bear Energy is founded.
- Funding First funding round of $500K.
- Funding Latest funding round, Series A, of $5.7M.
- Exit Acquired by Legence.
Competitors of Black Bear Energy
Black Bear Energy has 2 listed competitors in our database, 1 of them funded. They include GreenTech Solutions Group and Citizen Energy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| greentechsolutionsgroup.com | 2009 | Raleigh, United States | 2 | Offers energy-efficient lighting upgrades and services for industrial and commercial sectors. | ||
| citizenenergyok.com | 2012 | Tulsa, United States | $154.72M | Onshore horizontal oil and gas plays are developed. |
Detailed competitors of Black Bear Energy
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Black Bear Energy
The website of Black Bear Energy (blackbearenergy.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▲ 6.1% vs previous month
Top companies in Energy Efficiency Solutions
3 companies that operate in the same segment as Black Bear Energy (Energy Efficiency Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | |||
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | 109 |
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Related news about Black Bear Energy
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Frequently Asked Questions about Black Bear Energy
Black Bear Energy was founded in 2015.
Black Bear Energy is headquartered in Boulder, United States. It is registered at Boulder, Colorado, United States.
Black Bear Energy is a funded company, having raised a total of $10.5M across 4 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Jun 2015.
Black Bear Energy is established as a key player in the commercial solar market, focusing on solar and storage solutions for real estate portfolios. Services are provided across industries such as industrial, life science, data centers, retail, office, and multi-family sectors. The company is supported by a proprietary online platform and decades of experience to identify, procure, and execute energy projects. Clients are assisted with market expertise, competitive pricing, and project management to deploy renewable energy solutions efficiently. A commitment to transparency and aligned incentives is maintained through a success-fee model.
Black Bear Energy's top competitors include Citizen Energy and GreenTech Solutions Group.
Black Bear Energy offers Solar and Storage Solutions.
Black Bear Energy has 5 investors. Key investors include Capricorn Partners, Legence, Boulder Ventures, Rocky Mountain Institute, and Carbon War Room.
Black Bear Energy operates through Black Bear Energy.
Yes. Black Bear Energy was acquired by Legence in July 2022.