About David Energy
David Energy is a company based in Brooklyn (United States) founded in 2016. It operates as a Green Energy-as-a-Service and Subscription Services. David Energy has raised $49.1 million across 5 funding rounds from investors including Turntide, Union Square Ventures and Keyframe. David Energy offers products and services including Electricity for Business, Electricity for Home, Community Solar Plan, Smart Battery Solutions, and EV Charging Solutions. David Energy operates in a competitive market with competitors including Scale Microgrids, VoltaGrid, New Sun Road, Enchanted Rock and ELONCITY, among others.
- Headquarter Brooklyn, United States
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website davidenergy.com
- Social LinkedIn X
- Legal Name David Energy Systems, Inc.
- Total Equity Funding$49.1M (USD)
in 5 rounds
- Latest Funding Round$23M (USD), Series B
Apr 2024
- InvestorsTurntide
& 18 more
Products & Services of David Energy
David Energy offers a comprehensive portfolio of products and services, including Electricity for Business, Electricity for Home, Community Solar Plan, Smart Battery Solutions, and EV Charging Solutions.
Customized electricity plans are provided for business efficiency.
Home energy plans are designed for cost savings.
Solar subscription plans are offered for bill savings.
Battery systems are optimized for energy management efficiency.
Smart charging is provided for cost-effective EV usage.
Funding Insights of David Energy
David Energy has successfully raised a total of $49.1M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $23 million completed in April 2024. 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 $49.1M
- Total Rounds 5
- Last Round Series B — $23M
- First Round $1.5M
(Mar 2020)
- Investors Count 19
All 5 funding rounds of David Energy 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 |
|---|---|---|---|---|---|
| Apr 2024 | $23M | Series B | – | Cathay Innovation | |
| Mar 2022 | $20.5M | Series A | – | Union Square Ventures, Keyframe | |
| Feb 2021 | $4.1M | Seed | – | Equal Ventures | |
| Feb 2021 | $15M | Debt – Conventional | – | – | |
| Mar 2020 | $1.5M | Seed | – | BoxGroup, Greycroft |
19 investors in total: 13 institutional and 6 angel.
Investors in David Energy
David Energy has secured backing from 19 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Turntide, Union Square Ventures and Keyframe.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on blockchain, wellbeing, and multiple sectors | – | usv.com | New York, United States | |
Equal Ventures is focused on investing in technology for legacy industries. | – | equal.vc | - | |
Investing in early-stage tech companies and ideas. | – | boxgroup.com | - | |
Stage-agnostic investments are conducted by Toba Capital in US companies. | – | tobacapital.com | Newport Beach, United States | |
Venture capital firm investing in tech sectors | – | operatorpartners.com | New York, United States | |
Multiple sectors are targeted for venture capital investments by Greycroft. | – | greycroft.com | New York, United States | |
Early-stage venture capital investments are made by Oceans. | – | oceans.ventures | New York City, United States | |
Venture capital investments are made in technology startups through a global ecosystem. | – | cathayinnovation.com | - | |
- | – | keyframecapital.com | - | |
Private equity fund focused on robotics, renewable energy, fintech, manufacturing, food, and multiple sectors | – | mcjcollective.com | Boston, United States |
Investor details for David Energy
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 David Energy
15 people are tracked at David Energy (7 in leadership, 8 in team).
| Name | Role | Group |
|---|---|---|
James McGinniss | CEO & Co-Founder | Leadership |
Asher Burg | Fractional Chief Revenue Officer | Leadership |
Katherine Tweed | Chief Of Staff | Leadership |
Srikant Subramaniam | Director Of Energy Analytics | Leadership |
Sam Strasser | CTO | Leadership |
Brett Lotito | Chief Operating Officer | Leadership |
Vivek Bhagwat | Head Of Engineering | Leadership |
Dave Golombek | Staff Software Engineer | Team |
Diana Chen | Retail Operations Manager | Team |
Jeremy Kim | Senior Data Scientist | Team |
Rohit Patke | Energy Engineer | Team |
Rubin Dominic | Customer Success Engineering Manager | Team |
Mikaela Currier | Software Engineer | Team |
J.j. Jackson | Senior Software Engineer | Team |
Ted Moore | Senior Software Engineer | Team |
Complete people profiles for David Energy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of David Energy
3 dated milestones of David Energy across 8 years, from founding to its latest funding, stage changes and deals.
- Founded David Energy is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Series B, of $23.0M.
Competitors of David Energy
David 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 Scale Microgrids, VoltaGrid, New Sun Road, Enchanted Rock and ELONCITY, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| scalemicrogrids.com | 2016 | Ridgewood, United States | $30M | – | Microgrids are manufactured by Scale Microgrids in the United States. | |
| voltagrid.com | 2020 | Houston, United States | $100M | – | AI and cloud-driven platform offering microgrids to provide electricity to off-grid areas | |
| newsunroad.com | 2014 | Richmond, United States | $5.9M | – | Distributed energy solutions for renewable power are provided. | |
| enchantedrock.com | 2006 | Houston, United States | $36.51M | – | Provider of load management and microgrid systems | |
| eloncity.io | 2017 | Dublin, United States | $20M | – | Microgrid solutions enabled by distributed energy generation systems are provided. | |
| meshpower.co.rw | 2012 | Fort Collins, United States | – | – | Provider of solar nano-grids and smart metering systems | |
| solmicrogrid.com | 2019 | Alpharetta, United States | – | – | Operator of microgrids to provide electricity to off-grid areas | |
| verdantmicrogrid.com | 2019 | Bethesda, United States | $150M | – | Microgrids are operated to supply electricity to off-grid areas. | |
| novomoto.net | 2016 | Madison, United States | – | 12 | Solar PV micro-grids and monitoring solutions are provided. |
Detailed competitors of David Energy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of David Energy
The website of David Energy (davidenergy.com) receives about 13.3K visits a month.
- Monthly visits13.3K
▲ 72.5% vs previous month
Websites whose visitors overlap most with David Energy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| energybot.com | 100% | 73.1K | #383,332 | View details | |
| workiva.com | 60% | 294.7K | #205,280 | View details |
Latest news on David Energy
Complete news archive for David Energy
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to David Energy
10 companies that operate in the same segment as David Energy (Smart Grid & Transmission Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Renewable energy is supplied via app-based platform by OVO Energy. | 2009 | Bristol, England, United Kingdom | USD 515.61 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 | |
Distributed energy grids are provided for clean electricity and utilities. | 2010 | London, England, United Kingdom | USD 130.7 M | – | – | |
IoT-enabled distributed energy resource management solutions are provided. | 2011 | Redwood City, California, United States | USD 158.75 M | USD 2.47 M | 50 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Solar-powered electricity is delivered via an app-based platform. | 2020 | Berlin, Berlin, Germany | USD 45.99 M | – | – | |
Provider of smart street lighting solutions | 1992 | Jaipur, Rajasthan, India | – | USD 504.88 M | 1,430 |
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Frequently Asked Questions about David Energy
David Energy was founded in 2016 and raised its 1st funding round 4 years after it was founded.
David Energy is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
David Energy is a funded company, having raised a total of $49.1M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Mar 2020.
David Energy is engaged in delivering smart electricity solutions for both residential and commercial customers. The company operates in the renewable energy sector, emphasizing cleaner, cheaper, and more reliable power through technology integration. Solutions are provided to bridge the gap between aging grid infrastructure and modern energy needs, incorporating solar, battery systems, and smart devices. Services include customized business electricity plans, home energy management, community solar subscriptions, and EV charging optimization. A commitment is made to building a 100 clean energy grid to support a sustainable future.
David Energy's top competitors include Scale Microgrids, VoltaGrid and Enchanted Rock.
David Energy offers Electricity for Business, Electricity for Home, Community Solar Plan, Smart Battery Solutions, and EV Charging Solutions.
David Energy has 19 investors. Key investors include Turntide, Union Square Ventures, Keyframe, Equal Ventures, and BoxGroup.
David Energy operates through David Energy Systems, Inc..