About Comverge
Comverge is a company based in Norcross (United States) founded in 1997 was acquired by Itron in May 2017.. Comverge has raised $37.7 million across 5 funding rounds from investors including Itron, Turmeric Capital and RockPort Capital. The company has 343 employees as of December 31, 2016. Comverge has completed 1 acquisition, including Enerwise Global. Comverge operates in a competitive market with competitors including Enel X, Particle, ecobee, Signify and Landis+Gyr, among others.
- Headquarter Norcross, United States
- Employees 343 as on 31 Dec, 2016
- Stage Public
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Sectors
Business ServicesEnergy & Utilities Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Comverge, Inc.
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Annual Revenue
$136.42 M0as on Dec 31, 2011
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Net Profit
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EBITDA
$2.52 M0as on Dec 31, 2011
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Total Equity Funding
$37.7 M (USD)
in 5 rounds
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Latest Funding Round
$16 M (USD), Post-IPO
Dec 11, 2012
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Investors
Itron
& 6 more
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Employee Count
343
as on Dec 31, 2016
- Investments & Acquisitions
- Acquired by
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Funding Insights of Comverge
Comverge has successfully raised a total of $37.7M across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $16 million completed in December 2012. 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 5
- Last Round Post-IPO — $16.0M
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First Round
First Round
(15 Oct 2003)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2012 | Amount | Post-IPO - Comverge | Valuation |
investors |
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| Dec, 2012 | Amount | Debt – Conventional - Comverge | Valuation |
investors |
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| Mar, 2006 | Amount | Series C - Comverge | 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 Comverge
Comverge has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Itron, Turmeric Capital and RockPort Capital. 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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Lower mid-market investments are targeted by the private equity firm.
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Founded Year | Domain | Location | |
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Stage-agnostic venture capital investments are made in US companies.
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Founded Year | Domain | Location | |
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Venture capital is offered by Nth Power for energy innovation.
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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 Comverge
Comverge has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Enerwise Global. 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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Energy management services are offered globally by Enerwise.
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1997 |
| 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 - Comverge
| 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 |
Comverge Comparisons
Competitors of Comverge
Comverge 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, Particle, ecobee, Signify and Landis+Gyr, 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 |
Utility-scale renewable energy projects are developed by Enel X.
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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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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| 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 Comverge
When was Comverge founded?
Comverge was founded in 1997 and raised its 1st funding round 6 years after it was founded.
Where is Comverge located?
Comverge is headquartered in Norcross, United States. It is registered at Norcross, Georgia, United States.
Is Comverge a funded company?
Comverge is a funded company, having raised a total of $37.7M across 5 funding rounds to date. The company's 1st funding round was a Series C of $5.5M, raised on Oct 15, 2003.
How many employees does Comverge have?
As of Dec 31, 2016, the latest employee count at Comverge is 343.
What is the annual revenue of Comverge?
Annual revenue of Comverge is $136.42M as on Dec 31, 2011.
What does Comverge do?
Comverge was established in 1997 and is based in Norcross, United States. Demand response, energy efficiency, and customer engagement solutions are delivered to electric utilities in the energy sector. Grid reliability is supported, energy costs are reduced, regulatory requirements are addressed, and customer experiences are improved through these services. Operations span residential and commercial segments.
Who are the top competitors of Comverge?
How many acquisitions has Comverge made?
Comverge has made 1 acquisition, including Enerwise Global.
Who are Comverge's investors?
Comverge has 7 investors. Key investors include Itron, Turmeric Capital, RockPort Capital, Nth Power, and EnerTech Capital.
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