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
Locked
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Website
Locked
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Social
Locked
- Legal Name Comverge, Inc.
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Annual Revenue
$136.42 M (USD)0as on Dec 31, 2011
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Net Profit
Not available
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EBITDA
$2.52 M (USD)0as 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.
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.
| 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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Stage-agnostic venture capital investments are made in US companies.
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Venture capital is offered by Nth Power for energy innovation.
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Investor details for Comverge
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Investments & Acquisitions by Comverge
Comverge has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Enerwise Global.
Investment portfolio details for Comverge
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Energy management services are offered globally by Enerwise.
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Complete acquisition details for Comverge
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Financial Statements - Comverge
Detailed financials for Comverge
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Comverge Comparisons
Peer comparison for Comverge
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Utility-scale renewable energy projects are developed by Enel X.
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IoT connectivity platform from prototype to production is developed.
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Provider of smart thermostats for commercial and residential applications
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Signify is recognized as a global leader in lighting solutions.
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End-to-end energy management solutions are provided for utilities worldwide.
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Smart panels for home energy management are provided by Span.IO.
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Detailed competitors of Comverge
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Latest news on Comverge
Complete news archive for Comverge
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Frequently Asked Questions about Comverge
Comverge was founded in 1997 and raised its 1st funding round 6 years after it was founded.
Comverge is headquartered in Norcross, United States. It is registered at Norcross, Georgia, United States.
Comverge is a funded company, having raised a total of $37.7M across 5 funding rounds to date.
As of Dec 31, 2016, the latest employee count at Comverge is 343.
Annual revenue of Comverge is $136.42M as on Dec 31, 2011.
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.
Comverge has made 1 acquisition, including Enerwise Global.
Comverge has 7 investors. Key investors include Itron, Turmeric Capital, RockPort Capital, Nth Power, and EnerTech Capital.