About Draker
Draker is an Energy & Utilities company based in Burlington (United States) founded in 1999, and was acquired by AlsoEnergy in July 2018. Solar performance monitoring for commercial and utility systems is offered. Draker has raised $16.88 million across 6 funding rounds from investors including AlsoEnergy, BlueNRGY and Austin Ventures. Draker has completed 1 acquisition, including Solar Power Technologies. Its chief executive, as recorded, is Everett Mcginley. The company was acqui-hired. Its focus areas include Energy Tech, Renewable Energy Tech, Solar Energy and Monitoring. Its competitors include Equilibrium Energy, RadianGEN and Odyssey Energy Solutions; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Burlington, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Website drakerenergy.com
- Social LinkedIn X Facebook
- Acquired by AlsoEnergy (Jul 2018)
- Total Equity Funding$16.88M (USD)
in 6 rounds
- Latest Funding Round$5.41M (USD), Series B
Jun 2014
- InvestorsAlsoEnergy
& 3 more
- Investments & Acquisitions
- Acquired by
Funding Insights of Draker
Draker has successfully raised a total of $16.88M 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 $16.88M
- Total Rounds 6
- Last Round Series B — $5.41M
- First Round $610,000
(Dec 2009)
- Investors Count 2
All 6 funding rounds of Draker 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 |
|---|---|---|---|---|---|
| Jun 2014 | $5.41M | Series B | – | – | – |
| Aug 2012 | $8M | Series B | – | – | |
| May 2012 | $475,000 | Series A | – | – | – |
| Jun 2011 | $3M | Series A | – | – | |
| Oct 2010 | $250,000 | Unspecified | – | – | – |
| Dec 2009 | $610,000 | Unspecified | – | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in Texas-based companies. | austinventures.com | |||
Early-stage venture capital funding is provided by FreshTracks Capital. | 2000 | freshtrackscap.com | Shelburne, United States | |
Energy monitoring and management solutions to solar, wind and biogas power plants | 1989 | bluenrgy.com | Fort Lauderdale, United States | |
Energy management software solutions | 2007 | alsoenergy.com | Boulder, United States |
Investor details for Draker
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People of Draker
1 people are tracked at Draker (1 in leadership).
| Name | Role | Group |
|---|---|---|
Everett Mcginley | CEO | Leadership |
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Investments & Acquisitions by Draker
Draker has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Solar Power Technologies.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provides power optimization and monitoring solutions for solar energy systems. | spowertech.com | Austin, United States | 2009 | May 2012 | •••• |
Complete acquisition details for Draker
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Timeline of Draker
6 dated milestones of Draker across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Draker is founded.
- Funding First funding round of $610K.
- Acquisition Acquires Solar Power Technologies.
- Funding Latest funding round, Series B, of $5.4M.
- Exit Acquired by BlueNRGY.
- Exit Acquired by AlsoEnergy.
Competitors of Draker
Draker has 3 listed competitors in our database, 3 of them funded. They include Equilibrium Energy, RadianGEN and Odyssey Energy Solutions.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| equilibriumenergy.com | 2021 | San Francisco, United States | $132.5M | 105 | Software solutions for energy portfolio management are offered. | |
| radiangen.com | 2013 | Oakland, United States | $2M | 93 | Solar asset management services are provided for PV projects. | |
| odysseyenergysolutions.com | 2017 | Boulder, United States | $38.84M | 6 | End-to-end platform for distributed renewable energy finance is provided. |
Detailed competitors of Draker
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Web traffic of Draker
Websites that share an audience with Draker (drakerenergy.com).
Websites whose visitors overlap most with Draker. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| locusenergy.com | 26% | 2.7K | #6,204,014 | View details |
Top companies in Renewable Energy Platforms
3 companies that operate in the same segment as Draker (Renewable Energy Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Solar panel tracking software is provided for monitoring and control. | 2013 | Fremont, California, United States | USD 42.63 M | USD 3.56 B | 987 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Related news about Draker
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Frequently Asked Questions about Draker
Draker was founded in 1999 and raised its 1st funding round 10 years after it was founded.
Draker is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Everett Mcginley is the CEO of Draker, as recorded in our data.
Draker is a funded company, having raised a total of $16.88M across 6 funding rounds to date. The company's 1st funding round was a Unspecified of $610K, raised on Dec 2009.
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.
Draker's top competitors include Equilibrium Energy, Odyssey Energy Solutions and RadianGEN.
Draker has made 1 acquisition, including Solar Power Technologies.
Draker has 4 investors. Key investors include AlsoEnergy, BlueNRGY, Austin Ventures, and FreshTracks Capital.
Yes. Draker was acquired by AlsoEnergy in July 2018.