CleanChoice Energy
About CleanChoice Energy
CleanChoice Energy is a company founded in 2011 was acquired by True Green Capital Management in April 2023.. CleanChoice Energy has raised $16.55 million across 3 funding rounds from investors including Matthew Palevsky and True Green Capital Management. CleanChoice Energy offers products and services including Clean Electricity and Energy Subscription. CleanChoice Energy operates in a competitive market with competitors including Enel X, Hillman Group, Origis Energy, REC Solar and Depcom Power, among others.
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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 Cleanchoice 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
$16.55 M (USD)
in 3 rounds
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Latest Funding Round
$12.04 M (USD), Series A
Jan 07, 2014
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Investors
True Green Capital Management
& 1 more
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Employee Count
Employee Count
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Acquired by
True Green Capital Management
(Apr 28, 2023)
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Products & Services of CleanChoice Energy
CleanChoice Energy offers a comprehensive portfolio of products and services, including Clean Electricity and Energy Subscription. 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.
Generates and supplies 100% renewable energy from wind and solar farms.
Enables sign-up for clean energy without installation or provider changes.
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Finance and Accounting
13 people
Sales and Marketing
13 people
Operations Team
10 people
Leadership Team
8 people
Software Development Team
6 people
Data Analysis and Operations Team
6 people
Legal and Compliance
4 people
Product Management Team
3 people
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Funding Insights of CleanChoice Energy
CleanChoice Energy has successfully raised a total of $16.55M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $12.04 million completed in January 2014. 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 A — $12.0M
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First Round
First Round
(14 Dec 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2014 | Amount | Series A - CleanChoice Energy | Valuation | Matthew Palevsky |
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| Jul, 2013 | Amount | Series A - CleanChoice Energy | Valuation |
investors |
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| Dec, 2012 | Amount | Series A - CleanChoice Energy | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 CleanChoice Energy
CleanChoice Energy has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Matthew Palevsky and True Green Capital Management. 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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MP
Matthew Palevsky |
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Founded Year | Domain | Location |
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Infrastructure fund specializing in renewable energy investments.
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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 CleanChoice Energy
| 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 - CleanChoice Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Cleanchoice Energy Comparisons
Competitors of CleanChoice Energy
CleanChoice 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 Enel X, Hillman Group, Origis Energy, REC Solar and Depcom Power, 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 |
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| domain | founded_year | HQ Location |
Utility-scale renewable energy projects are developed by Enel X.
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Hardware and home improvement products are supplied to retail markets.
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Utility-scale and commercial solar projects are developed worldwide.
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Commercial solar projects are designed, installed, and financed.
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Solar projects are designed, procured, constructed, operated, and maintained.
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| domain | founded_year | HQ Location |
Residential and community solar installations are offered in Vermont.
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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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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 Cleanchoice Energy
Frequently Asked Questions about CleanChoice Energy
When was CleanChoice Energy founded?
CleanChoice Energy was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Is CleanChoice Energy a funded company?
CleanChoice Energy is a funded company, having raised a total of $16.55M across 3 funding rounds to date. The company's 1st funding round was a Series A of $2.42M, raised on Dec 14, 2012.
What does CleanChoice Energy do?
CleanChoice Energy is an energy retailer that sources renewable electricity for its customers. Users have to sign up on their platform and power will be sourced to them using the usual Utility route, the customer will even keep paying their bills to the Utility and CleanChoice will coordinate with the Utility for everything else. The company claims to be currently sourcing energy from 50 wind and solar farms in the regions they serve in.
Who are the top competitors of CleanChoice Energy?
CleanChoice Energy's top competitors include Enel X, Origis Energy and Hillman Group.
What products or services does CleanChoice Energy offer?
CleanChoice Energy offers Clean Electricity and Energy Subscription.
Who are CleanChoice Energy's investors?
CleanChoice Energy has 2 investors. Key investors include Matthew Palevsky, and True Green Capital Management.