About Energate Inc
Energate Inc is a company based in Ottawa (Canada) founded in 2004 was acquired by Tantalus in August 2017.. Energate Inc has raised $7.2 million across 2 funding rounds from investors including Tantalus, Cycle Capital Management and Venture Ontario. Energate Inc offers products and services including HōlHōm, LC2200 Load Control Switch, and Direct Load Control. Energate Inc operates in a competitive market with competitors including Enel X, Particle, Signify, Landis+Gyr and Span.IO, among others.
- Headquarter Ottawa, 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 Energate Inc.
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Products & Services of Energate Inc
Energate Inc offers a comprehensive portfolio of products and services, including HōlHōm, LC2200 Load Control Switch, and Direct Load Control. 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.
Device for managing and monitoring home energy use remotely.
Switch that extends smart grid capabilities into residential settings.
System for managing utility energy loads efficiently and responsively.
Funding Insights of Energate Inc
Energate Inc has successfully raised a total of $7.2M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $2.9 million completed in June 2012. 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 2
- Last Round Grant — $2.9M
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First Round
First Round
(27 May 2010)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2012 | Amount | Grant - Energate Inc | Valuation |
investors |
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| May, 2010 | Amount | Series B - Energate Inc | Valuation | Cycle Capital Management |
| 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 Energate Inc
Energate Inc has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Tantalus, Cycle Capital Management and Venture Ontario. 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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Founded Year | Domain | Location | |
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Venture capital investments are managed for Ontario's technology sector.
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Founded Year | Domain | Location | |
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Smart grid communication solutions are provided for utilities by Tantalus.
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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 Energate Inc
| 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 - Energate Inc
| 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 |
Energate Inc Comparisons
Competitors of Energate Inc
Energate Inc 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 Enel X, Particle, Signify, Landis+Gyr and Span.IO, 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 |
Utility-scale renewable energy projects are developed by Enel X.
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Energy efficiency and smart grid management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Energate Inc
When was Energate Inc founded?
Energate Inc was founded in 2004 and raised its 1st funding round 6 years after it was founded.
Where is Energate Inc located?
Energate Inc is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Is Energate Inc a funded company?
Energate Inc is a funded company, having raised a total of $7.2M across 2 funding rounds to date. The company's 1st funding round was a Series B of $7.2M, raised on May 27, 2010.
What does Energate Inc do?
Energate was founded in 2004 in Ottawa, Canada, within the energy sector. Demand response solutions are delivered through a vertically integrated platform that connects consumers for energy management. Software tools are offered to support efficient energy use, with an Android app facilitating access. Operations center on app-based technologies to enable demand response in residential and commercial settings.
Who are the top competitors of Energate Inc?
Energate Inc's top competitors include Enel X, Particle and Landis+Gyr.
What products or services does Energate Inc offer?
Energate Inc offers HōlHōm, LC2200 Load Control Switch, and Direct Load Control.
Who are Energate Inc's investors?
Energate Inc has 3 investors. Key investors include Tantalus, Cycle Capital Management, and Venture Ontario.