About Encycle
Encycle is a company based in Toronto (Canada) founded in 2005.. Encycle has raised $58.21 million across 10 funding rounds from investors including BDC, Export Development Canada and Cycle Capital. Encycle offers products and services including Swarm Logic and Swarm DR. Encycle operates in a competitive market with competitors including NIBE Group, GridPoint, Eneco, Swell Energy and BrainBox AI, among others.
- Headquarter Toronto, Canada
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Sectors
Business ServicesEnergy & Utilities Technology
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Phone
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Website
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Social
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- Legal Name Encycle Technologies, 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
$58.21 M (USD)
in 10 rounds
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Latest Funding Round
$7.5 M (USD), Series C
May 12, 2021
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Investors
BDC
& 9 more
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Employee Count
Employee Count
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Products & Services of Encycle
Encycle offers a comprehensive portfolio of products and services, including Swarm Logic and Swarm DR. 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.
AI-driven tool for real-time HVAC efficiency and energy savings.
Enables energy strategy optimization for grid stability and cost reduction.
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Funding Insights of Encycle
Encycle has successfully raised a total of $58.21M across 10 strategic funding rounds. The most recent funding activity was a Series C round of $7.5 million completed in May 2021. 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 10
- Last Round Series C — $7.5M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2021 | Amount | Series C - Encycle | Valuation | Cycle Capital | |
| Dec, 2020 | Amount | Series C - Encycle | Valuation |
investors |
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| Oct, 2018 | Amount | Series C - Encycle | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Encycle
Encycle has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include BDC, Export Development Canada and Cycle Capital. 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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Cycle Capital is engaged in venture capital for clean tech innovations.
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Founded Year | Domain | Location | |
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Fulmer & Company is engaged in family office investments.
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Founded Year | Domain | Location | |
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Climate companies are invested in by this venture capital firm.
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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 Encycle
| 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 - Encycle
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Encycle Comparisons
Competitors of Encycle
Encycle 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 NIBE Group, GridPoint, Eneco, Swell Energy and BrainBox AI, 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 |
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| domain | founded_year | HQ Location |
Provider of sustainable energy solutions contributing to reducing greenhouse gas emissions globally
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Provider of data-driven energy management solutions
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Producer and supplier of natural gas, electricity, and heat
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Reseller and installer of energy storage devices
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| domain | founded_year | HQ Location |
AI and SaaS-driven HVAC optimization for commercial buildings is provided.
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Submeter billing and overtime HVAC management services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 Encycle
Frequently Asked Questions about Encycle
When was Encycle founded?
Encycle was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Where is Encycle located?
Encycle is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Encycle a funded company?
Encycle is a funded company, having raised a total of $58.21M across 10 funding rounds to date. The company's 1st funding round was a Series C of $4.86M, raised on Nov 14, 2008.
What does Encycle do?
Encycle was founded in 2005 in Toronto, Canada, and operates in the energy management sector. Wireless solutions are offered through enviro grid swarm logic controllers, which are attached to electrical loads such as air conditioners, heaters, and pumps. These controllers communicate and coordinate to lower electrical demand in commercial, industrial, institutional, and multi-unit residential facilities across various regions.
Who are the top competitors of Encycle?
What products or services does Encycle offer?
Encycle offers Swarm Logic and Swarm DR.
Who are Encycle's investors?
Encycle has 10 investors. Key investors include BDC, Export Development Canada, Cycle Capital, Fulmer & Company, and Prelude Ventures.