About Energate Inc
Energate Inc is a Business Services company based in Ottawa (Canada) founded in 2004, and was acquired by Tantalus in August 2017. App-based demand response and energy management solutions are provided. It operates in the Business Services, Energy & Utilities, and Technology sectors. Energate Inc has raised $7.2 million across 2 funding rounds from investors including Tantalus, Cycle Capital Management and Venture Ontario. The company was acqui-hired. Energate Inc offers products and services including HōlHōm, LC2200 Load Control Switch, and Direct Load Control. Its focus areas include High Tech, IoT Applications, Industry Specific and Energy. Its legal entity is Energate Inc.
Company details
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.
- Headquarters Ottawa, Canada
- Stage Acquired
- SectorsBusiness ServicesEnergy & Utilities Technology
- Website energateinc.com
- Social LinkedIn X
- Acquired by Tantalus (Aug 2017)
- Legal Name Energate Inc.
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.
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 $7.2M
- Total Rounds 2
- Last Round Grant — $2.9M
- First Round $7.2M
(May 2010)
- Investors Count 2
All 2 funding rounds of Energate Inc 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 2012 | $2.9M | Grant | – | – | – |
| May 2010 | $7.2M | Series B | – | Cycle Capital Management |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| cyclecapital.net | ||||
Venture capital investments are managed for Ontario's technology sector. | ocgc.gov.on.ca | Toronto, Canada | ||
Smart grid communication solutions are provided for utilities by Tantalus. | 1989 | tantalus.com | Raleigh, United States |
Investor details for Energate Inc
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Timeline of Energate Inc
4 dated milestones of Energate Inc across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Energate Inc is founded.
- Funding First funding round of $7.2M.
- Funding Latest funding round, Grant, of $2.9M.
- Exit Acquired by Tantalus.
Web traffic of Energate Inc
Websites that share an audience with Energate Inc (energateinc.com).
Websites whose visitors overlap most with Energate Inc. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| enerkem.com | 100% | 5.8K | #3,506,503 | View details | |
| comverge.com | 92% | View details | |||
| gridpoint.com | 90% | 9.7K | #2,389,955 | View details | |
| triacta.com | 88% | 6.1K | #2,942,256 | View details | |
| smartgridtoday.com | 88% | View details |
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Frequently Asked Questions about Energate Inc
Energate Inc was founded in 2004 and raised its 1st funding round 6 years after it was founded.
Energate Inc is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
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 2010.
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.
Energate Inc offers HōlHōm, LC2200 Load Control Switch, and Direct Load Control.
Energate Inc has 3 investors. Key investors include Tantalus, Cycle Capital Management, and Venture Ontario.
Energate Inc operates through Energate Inc..
Yes. Energate Inc was acquired by Tantalus in August 2017.