About Drift
Drift is an Energy & Utilities company based in Seattle (United States) founded in 2015 by Ed McKenzie. Solutions for energy trading and tracking are provided by Drift. It operates on a Green Energy-as-a-Service model. Drift has raised $7 million across 1 funding round from investors including Lerer Hippeau, IA Ventures and First Round Capital. The company has 3 employees. Drift offers products and services including Green Energy Solutions. Its focus areas include Energy, Renewable Energy and Green Energy Solutions. Its legal entity is Drift Marketplace, INC. Its competitors include LO3 Energy, Skystream Markets and Enermetrix; 3 of its 3 listed competitors have raised funding.
Company details
Drift is dedicated to supplying 100 green energy to businesses and suppliers around the clock. Operations are centered in the energy sector, with a strong emphasis on renewable and sustainable power solutions. Services are designed to support companies in achieving full green energy usage, regardless of external conditions. Partnerships are formed with energy suppliers to ensure consistent delivery of environmentally friendly power. The influence of Drift is noted in rapidly changing US power markets as a potential disruptive technology.
- Headquarters Seattle, United States
- Employees 3
- Founders Ed McKenzie
- SectorsEnergy & Utilities
- Email••••••••
- Website joindrift.com
- Social LinkedIn X Facebook Instagram
- Legal Name Drift Marketplace, Inc.
- Total Equity Funding$7M (USD)
in 1 rounds
- Latest Funding Round$7M (USD), Series A
Oct 2017
- InvestorsLerer Hippeau
& 4 more
- Employee Count3
Products & Services of Drift
Drift offers a comprehensive portfolio of products and services, including Green Energy Solutions.
Green energy is provided for businesses continuously.
Funding Insights of Drift
Drift has successfully raised a total of $7M through 1 strategic funding round. The most recent funding activity was a Series A round of $7 million completed in October 2017. 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 $7M
- Total Rounds 1
- Last Round Series A — $7M
- First Round $7M
(Oct 2017)
- Investors Count 5
All 1 funding rounds of Drift 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 |
|---|---|---|---|---|---|
| Oct 2017 | $7M | Series A | – | IA Ventures, First Round Capital | – |
5 investors in total: 5 institutional.
Investors in Drift
Drift has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Lerer Hippeau, IA Ventures and First Round Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed and early-stage venture capital firm focusing on investments in technology and fintech companies | iaventures.com | New York, United States | ||
US focused seed and early-stage VC firm | firstround.com | San Francisco, United States | ||
USA focused VC firm investing in seed and early stage startups | 2010 | lererhippeau.com | New York, United States | |
Venture capital fund focused on seed-stage investment in multiple sectors | liquid2.vc | San Francisco, United States | ||
Early stage venture capital firm | m.ventures | San Francisco, United States |
Investor details for Drift
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 Drift
1 people are tracked at Drift (1 in leadership); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
Ed McKenzie | Co-Founder | Leadership |
Complete people profiles for Drift
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 Drift
2 dated milestones of Drift across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Drift is founded.
- Funding First funding round of $7.0M.
Competitors of Drift
Drift has 3 listed competitors in our database, 3 of them funded. They include LO3 Energy, Skystream Markets and Enermetrix.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lo3energy.com | 2015 | Portland, United States | $16.76M | Blockchain solutions are provided for peer-to-peer energy trading in microgrids. | ||
| skystreammarkets.com | 2009 | New York, United States | $4M | Online energy commodity exchange solutions are provided to market participants. | ||
| enermetrix.com | 1995 | Maynard, United States | $55.5M | Energy software is developed and retail energy exchange is operated. |
Detailed competitors of Drift
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 Drift
The website of Drift (joindrift.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▲ 713.3% vs previous month
Top companies in Smart Grid & Transmission Systems
3 companies that operate in the same segment as Drift (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 Drift
Drift was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Drift is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Drift is a funded company, having raised a total of $7M across 1 funding round to date. The company's 1st funding round was a Series A of $7M, raised on Oct 2017.
Drift has 3 employees.
Drift is dedicated to supplying 100 green energy to businesses and suppliers around the clock. Operations are centered in the energy sector, with a strong emphasis on renewable and sustainable power solutions. Services are designed to support companies in achieving full green energy usage, regardless of external conditions. Partnerships are formed with energy suppliers to ensure consistent delivery of environmentally friendly power. The influence of Drift is noted in rapidly changing US power markets as a potential disruptive technology.
Drift's top competitors include LO3 Energy, Skystream Markets and Enermetrix.
Drift offers Green Energy Solutions.
Drift has 5 investors. Key investors include Lerer Hippeau, IA Ventures, First Round Capital, Liquid 2 Ventures, and M Ventures.
Drift operates through Drift Marketplace, Inc..