About Draker
Draker is a company based in Burlington (United States) founded in 1999 was acquired by AlsoEnergy in July 2018.. Draker has raised $17.74 million across 6 funding rounds from investors including AlsoEnergy, BlueNRGY and Austin Ventures. Draker has completed 1 acquisition, including Solar Power Technologies. Draker operates in a competitive market with competitors including Clear Blue Technologies, Equilibrium Energy, RadianGEN, Odyssey Energy Solutions and Lancium, among others.
- Headquarter Burlington, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.74 M (USD)
in 6 rounds
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Latest Funding Round
$5.41 M (USD), Series B
Jun 16, 2014
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Investors
AlsoEnergy
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Funding Insights of Draker
Draker has successfully raised a total of $17.74M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $5.41 million completed in June 2014. 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 6
- Last Round Series B — $5.4M
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First Round
First Round
(18 Dec 2009)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Series B - Draker | Valuation |
investors |
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| Aug, 2012 | Amount | Series B - Draker | Valuation |
investors |
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| May, 2012 | Amount | Series A - Draker | Valuation |
investors |
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| 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 Draker
Draker has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include AlsoEnergy, BlueNRGY and Austin Ventures. 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 investments in Texas-based companies.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding is provided by FreshTracks Capital.
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Founded Year | Domain | Location | |
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Energy monitoring and management solutions to solar, wind and biogas power plants
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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 Draker
Draker has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Solar Power Technologies. 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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Provides power optimization and monitoring solutions for solar energy systems.
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2009 |
| 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 - Draker
| 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 |
Draker Comparisons
Competitors of Draker
Draker 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 Clear Blue Technologies, Equilibrium Energy, RadianGEN, Odyssey Energy Solutions and Lancium, 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 |
Smart off-grid controllers are developed for renewable energy systems.
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| domain | founded_year | HQ Location |
Software solutions for energy portfolio management are offered.
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| domain | founded_year | HQ Location |
Solar asset management services are provided for PV projects.
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| domain | founded_year | HQ Location |
End-to-end platform for distributed renewable energy finance is provided.
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| domain | founded_year | HQ Location |
Cloud-based portfolio management software is provided for renewable energy.
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| domain | founded_year | HQ Location |
Power management software and energy trading platforms are provided online.
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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 Draker
Frequently Asked Questions about Draker
When was Draker founded?
Draker was founded in 1999 and raised its 1st funding round 10 years after it was founded.
Where is Draker located?
Draker is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Who is the current CEO of Draker?
Everett Mcginley is the current CEO of Draker.
Is Draker a funded company?
Draker is a funded company, having raised a total of $17.74M across 6 funding rounds to date. The company's 1st funding round was a Series A of $475K, raised on Dec 18, 2009.
What does Draker do?
Founded in 1999 and based in Burlington, United States, Draker operates in the solar energy sector. Monitoring, management, and control solutions are provided for commercial and utility solar systems. Services encompass project-based support, field instrumentation, data collection and management, web applications featuring analytical tools, and public information displays. Operations focus on enhancing system performance through these integrated offerings.
Who are the top competitors of Draker?
Draker's top competitors include Equilibrium Energy, Clear Blue Technologies and Lancium.
How many acquisitions has Draker made?
Draker has made 1 acquisition, including Solar Power Technologies.
Who are Draker's investors?
Draker has 4 investors. Key investors include AlsoEnergy, BlueNRGY, Austin Ventures, and FreshTracks Capital.
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