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
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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 David Energy Systems, 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
$49.1 M (USD)
in 5 rounds
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Latest Funding Round
$23 M (USD), Series B
Apr 29, 2024
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Investors
Turntide
& 18 more
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Employee Count
Employee Count
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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. 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.
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.
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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 Total Funding
- Total Rounds 5
- Last Round Series B — $23.0M
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First Round
First Round
(04 Mar 2020)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series B - David Energy | Valuation | Cathay Innovation | |
| Mar, 2022 | Amount | Series A - David Energy | Valuation | Union Square Ventures , Keyframe | |
| Feb, 2021 | Amount | Seed - David Energy | Valuation | Equal Ventures |
| 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 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. 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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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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Founded Year | Domain | Location | |
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Equal Ventures is focused on investing in technology for legacy industries.
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Founded Year | Domain | Location | |
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Investing in early-stage tech companies and ideas.
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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 David 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 - David Energy
| 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 |
David Energy Comparisons
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. 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 |
Microgrids are manufactured by Scale Microgrids in the United States.
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| domain | founded_year | HQ Location |
AI and cloud-driven platform offering microgrids to provide electricity to off-grid areas
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| domain | founded_year | HQ Location |
Distributed energy solutions for renewable power are provided.
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| domain | founded_year | HQ Location |
Provider of load management and microgrid systems
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| domain | founded_year | HQ Location |
Microgrid solutions enabled by distributed energy generation systems are provided.
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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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Latest news on David Energy
Frequently Asked Questions about David Energy
When was David Energy founded?
David Energy was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is David Energy located?
David Energy is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Is David Energy a funded company?
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 $4.1M, raised on Mar 04, 2020.
What does David Energy do?
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.
Who are the top competitors of David Energy?
David Energy's top competitors include Scale Microgrids, VoltaGrid and Enchanted Rock.
What products or services does David Energy offer?
David Energy offers Electricity for Business, Electricity for Home, Community Solar Plan, Smart Battery Solutions, and EV Charging Solutions.
Who are David Energy's investors?
David Energy has 19 investors. Key investors include Turntide, Union Square Ventures, Keyframe, Equal Ventures, and BoxGroup.