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.
AI-driven tool for real-time HVAC efficiency and energy savings.
Enables energy strategy optimization for grid stability and cost reduction.
People of Encycle
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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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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.
| 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 |
Investments & Acquisitions by Encycle
Financial Statements - Encycle
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.
| 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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| domain | founded_year | HQ Location |
Provider of data-driven energy management solutions
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| domain | founded_year | HQ Location |
Producer and supplier of natural gas, electricity, and heat
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Submeter billing and overtime HVAC management services are provided.
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Latest news on Encycle
Frequently Asked Questions about Encycle
Encycle was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Encycle is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
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.
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.
Encycle offers Swarm Logic and Swarm DR.
Encycle has 10 investors. Key investors include BDC, Export Development Canada, Cycle Capital, Fulmer & Company, and Prelude Ventures.