About Choose Energy
Choose Energy is a company based in San Francisco (United States) founded in 2008 was acquired by Red Ventures in June 2017.. Choose Energy has raised $25.7 million across 3 funding rounds from investors including Kleiner Perkins, Red Ventures and NGEN Partners. Choose Energy has completed 1 acquisition, including Power2Switch. Choose Energy offers products and services including Energy Comparison Platform and Solar Estimation Service. Choose Energy operates in a competitive market with competitors including PrePayPower, Love Energy Savings, WattBuy, Clarke Energia and Power2Switch, among others.
- Headquarter San Francisco, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Choose Energy, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25.7 M (USD)
in 3 rounds
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Latest Funding Round
$14.2 M (USD), Series C
Mar 01, 2015
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Investors
Kleiner Perkins
& 6 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Red Ventures
(Jun 26, 2017)
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Products & Services of Choose Energy
Choose Energy offers a comprehensive portfolio of products and services, including Energy Comparison Platform and Solar Estimation Service. 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.
Platform for comparing and selecting energy plans from providers.
Service providing free estimates for solar panel costs and savings.
Funding Insights of Choose Energy
Choose Energy has successfully raised a total of $25.7M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $14.2 million completed in March 2015. 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 Series C — $14.2M
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First Round
First Round
(26 Mar 2013)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2015 | Amount | Series C - Choose Energy | Valuation |
investors |
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| Nov, 2013 | Amount | Series B - Choose Energy | Valuation |
investors |
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| Mar, 2013 | Amount | Series A - Choose Energy | 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 Choose Energy
Choose Energy has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Kleiner Perkins, Red Ventures and NGEN Partners. 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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Early-stage startups across sectors are invested in by NGEN Partners.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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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 Choose Energy
Choose Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Power2Switch. 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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Provider of electricity switching and comparison solutions for residential and commercial customers
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2010 |
| 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 - Choose Energy
| 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 |
Choose Energy Comparisons
Competitors of Choose Energy
Choose Energy 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 PrePayPower, Love Energy Savings, WattBuy, Clarke Energia and Power2Switch, 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 |
Electricity and gas are retailed on a pay-as-you-go basis.
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| domain | founded_year | HQ Location |
Utility comparison and switching solutions are offered online.
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| domain | founded_year | HQ Location |
Electric price comparison and supplier switching solutions are provided.
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| domain | founded_year | HQ Location |
Solutions for electricity monitoring and billing are provided.
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| domain | founded_year | HQ Location |
Provider of electricity switching and comparison solutions for residential and commercial customers
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| domain | founded_year | HQ Location |
Provider of SaaS-driven utility auto-switching solutions
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| 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 Choose Energy
When was Choose Energy founded?
Choose Energy was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Where is Choose Energy located?
Choose Energy is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Choose Energy a funded company?
Choose Energy is a funded company, having raised a total of $25.7M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Mar 26, 2013.
What does Choose Energy do?
Choose Energy was established in 2008 and is based in San Francisco, United States. Operations are conducted in the energy sector as an online marketplace, where tools for comparing utility providers are made available. Information and resources for switching energy suppliers are provided to users, supporting informed decisions in residential and commercial energy management across the United States.
Who are the top competitors of Choose Energy?
Choose Energy's top competitors include WattBuy, Love Energy Savings and PrePayPower.
What products or services does Choose Energy offer?
Choose Energy offers Energy Comparison Platform and Solar Estimation Service.
How many acquisitions has Choose Energy made?
Choose Energy has made 1 acquisition, including Power2Switch.
Who are Choose Energy's investors?
Choose Energy has 7 investors. Key investors include Kleiner Perkins, Red Ventures, NGEN Partners, Bluescape Energy Partners, and Bluescape.
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