About Cence Power
Cence Power is a company based in Cobourg (Canada) founded in 2015 by Sagar Jaiswal. It operates as a Product-as-a-Service. Cence Power has raised $350 thousand across 2 funding rounds from investors including Sustainable Development Technology Canada and HAX. Cence Power offers products and services including Cence HV, Cence LV, and Smart Controls.
- Headquarter Cobourg, Canada
- Founders Sagar Jaiswal
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Sectors
Energy & Utilities
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$350 K (USD)
in 2 rounds
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Latest Funding Round
$100 K (USD), Seed
Jan 29, 2021
- Investors
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Employee Count
Employee Count
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Products & Services of Cence Power
Cence Power offers a comprehensive portfolio of products and services, including Cence HV, Cence LV, and Smart Controls. 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.
High-voltage DC power distribution system is provided efficiently.
Low-voltage DC power distribution system is offered effectively.
Smart controls for DC power systems are integrated.
Funding Insights of Cence Power
Cence Power has successfully raised a total of $350K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $100 thousand completed in January 2021. 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 Seed — $100,000
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First Round
First Round
(24 Nov 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Seed - Cence Power | Valuation |
investors |
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| Nov, 2020 | Amount | Seed - Cence Power | 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 Cence Power
Cence Power has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Sustainable Development Technology Canada and HAX. 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 firm focused on investing in clean tech sectors
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Founded Year | Domain | Location | |
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Startups are accelerated via a 111-day program with seed funding.
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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 Cence Power
| 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 - Cence Power
| 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 |
Cence Power Comparisons
Competitors of Cence Power
| 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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Latest news on Cence Power
Frequently Asked Questions about Cence Power
When was Cence Power founded?
Cence Power was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Cence Power located?
Cence Power is headquartered in Cobourg, Canada. It is registered at Cobourg, Ontario, Canada.
Who is the current CEO of Cence Power?
Will Andrew is the current CEO of Cence Power.
Is Cence Power a funded company?
Cence Power is a funded company, having raised a total of $350K across 2 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Nov 24, 2020.
What does Cence Power do?
Cence Power is focused on providing innovative DC power distribution systems for various applications. Solutions are offered for lighting, telecom, and data centers with high and low-voltage options. Products like Cence HV and Cence LV are designed to reduce energy waste and operational costs. Smart controls and automation are integrated for monitoring via the Cence App. Significant savings in operational expenses are achieved for clients like Scotiabank and EllisDon. The company targets efficient and sustainable electrical infrastructure for modern needs.
What products or services does Cence Power offer?
Cence Power offers Cence HV, Cence LV, and Smart Controls.
Who are Cence Power's investors?
Cence Power has 2 investors. Key investors include Sustainable Development Technology Canada, and HAX.