About Current Group
Current Group is an Energy & Utilities company based in Germantown (United States) founded in 2000, and was acquired by Ormazabal in March 2013. Smart grid hardware and software solutions are manufactured and deployed. Current Group has raised $113 million across 2 funding rounds from investors including Google, Goldman Sachs and Hearst. The company has 21 employees. The company was acqui-hired. Its focus areas include Energy Tech, Smart Grid, Diversified and Environment Tech.
Company details
CURRENT Group manufactures smart grid infrastructure hardware and software solutions. It offers analytics platform for advanced metering infrastructure deployment; a meter module software that simplifies the development cycles for meter partners. it also offers communications solutions comprising a communication and connectivity engine with modular WAN and LAN card modules to support inter and intra-substation communications, a broadband over powerline utility gateway and OpenGrid Networking, a back office software application that interfaces with routing solutions.
- Headquarters Germantown, United States
- Employees 21
- Stage Acquired
- SectorsEnergy & Utilities
- Website ormazabal.com/en
- Social LinkedIn
- Acquired by Ormazabal (Mar 2013)
Funding Insights of Current Group
Current Group has successfully raised a total of $113M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $13 million completed in September 2011. 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 $113M
- Total Rounds 2
- Last Round Series D — $13M
- First Round $100M
(Jul 2005)
- Investors Count 6
All 2 funding rounds of Current Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2011 | $13M | Series D | – | Business Media China | |
| Jul 2005 | $100M | Series D | – | Google, Hearst | – |
7 investors in total: 7 institutional.
Investors in Current Group
Current Group has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Google, Goldman Sachs and Hearst.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| enertechcapital.com | ||||
Armilar Venture Partners is focused on early-stage tech investments. | armilar.com | Lisboa, Portugal | ||
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Delivers comprehensive outdoor advertising services to businesses and clients. | businessmediachina.com | Stuttgart, Germany | ||
A technology company offering products and services, including search engine, cloud computing, advertising, email, productivity software, and more | 1998 | google.com | Mountain View, United States | |
Media conglomerate | 1887 | hearst.com | New York, United States | |
Complete solutions for smart grid | 1967 | ormazabal.com | Zamudio, Spain |
Investor details for Current Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Current Group
1 people are tracked at Current Group (1 in leadership); the tracked headcount is 21.
| Name | Role | Group |
|---|---|---|
Thomas Willie III | CEO | Leadership |
Complete people profiles for Current Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Current Group
4 dated milestones of Current Group across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Current Group is founded.
- Funding First funding round of $100.0M.
- Funding Latest funding round, Series D, of $13.0M.
- Exit Acquired by Ormazabal.
Web traffic of Current Group
Websites that share an audience with Current Group (currentgroup.com).
Websites whose visitors overlap most with Current Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| telkonet.com | 100% | 4.6K | #4,021,731 | View details | |
| blueatlas.com | 100% | 1.5K | #12,986,728 | View details | |
marcnathan.com | marcnathan.com | 100% | – | ||
ramscompany.com | ramscompany.com | 100% | – | ||
| ptg-intl.com | 100% | 1.6K | #9,599,936 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for Current Group
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 20 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Smart Grid & Transmission Systems
3 companies that operate in the same segment as Current Group (Smart Grid & Transmission Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
AI and cloud-driven solutions for energy optimization are provided. | 2009 | Millbrae, California, United States | USD 228.56 M | USD 156.27 M | 569 | |
IoT-enabled distributed energy resource management solutions are provided. | 2011 | Redwood City, California, United States | USD 158.75 M | USD 2.47 M | 50 |
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Frequently Asked Questions about Current Group
Current Group was founded in 2000 and raised its 1st funding round 5 years after it was founded.
Current Group is headquartered in Germantown, United States.
Current Group is a funded company, having raised a total of $113M across 2 funding rounds to date. The company's 1st funding round was a Series D of $100M, raised on Jul 2005.
Current Group has 21 employees.
CURRENT Group manufactures smart grid infrastructure hardware and software solutions. It offers analytics platform for advanced metering infrastructure deployment; a meter module software that simplifies the development cycles for meter partners. it also offers communications solutions comprising a communication and connectivity engine with modular WAN and LAN card modules to support inter and intra-substation communications, a broadband over powerline utility gateway and OpenGrid Networking, a back office software application that interfaces with routing solutions.
Current Group has 7 investors. Key investors include Google, Goldman Sachs, Hearst, Ormazabal, and EnerTech Capital.
Yes. Current Group was acquired by Ormazabal in March 2013.