About EnergyConnect
EnergyConnect is a company based in Campbell (United States) founded in 2005 was acquired by CPower in May 2016.. EnergyConnect has raised $18.66 million across 2 funding rounds from investors including Johnson Controls and CPower Energy. EnergyConnect operates in a competitive market with competitors including Enel X, Particle, ecobee, Signify and Landis+Gyr, among others.
- Headquarter Campbell, United States
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Sectors
Business ServicesEnergy & Utilities Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Energyconnect Group, 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
$18.66 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series B
Aug 01, 2006
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Investors
Johnson Controls
& 1 more
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Employee Count
Employee Count
- Acquired by
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Funding Insights of EnergyConnect
EnergyConnect has successfully raised a total of $18.66M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in August 2006. 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 Series B — $15.0M
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First Round
First Round
(01 Oct 2005)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2006 | Amount | Series B - EnergyConnect | Valuation |
investors |
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| Oct, 2005 | Amount | Series A - EnergyConnect | Valuation |
investors |
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| 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 EnergyConnect
EnergyConnect has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Johnson Controls and CPower Energy. 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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Automotive batteries and HVAC equipment are manufactured and supplied globally.
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Founded Year | Domain | Location | |
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Demand response services are delivered to utilities and commercial facilities.
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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 EnergyConnect
| 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 - EnergyConnect
| 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 |
Energyconnect Comparisons
Competitors of EnergyConnect
EnergyConnect 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, ecobee, Signify and Landis+Gyr, 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 |
|---|---|---|---|---|
| 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 |
Provider of smart thermostats for commercial and residential applications
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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 |
Energy-efficient smart lightbulbs are developed by Nanoleaf.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Energyconnect
Frequently Asked Questions about EnergyConnect
When was EnergyConnect founded?
EnergyConnect was founded in 2005.
Where is EnergyConnect located?
EnergyConnect is headquartered in Campbell, United States. It is registered at Campbell, California, United States.
Is EnergyConnect a funded company?
EnergyConnect is a funded company, having raised a total of $18.66M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.66M, raised on Oct 01, 2005.
What does EnergyConnect do?
EnergyConnect was founded in 2005 in Campbell, United States, and later acquired by Johnson Controls. Operations focus on the energy sector, where a demand response platform is offered to mid- to large-scale commercial, institutional, and industrial electricity users. Participation in incentive programs is enabled through power consumption reductions during peak grid demand, supporting reliability and sustainability across the U.S. power grid.
Who are the top competitors of EnergyConnect?
Who are EnergyConnect's investors?
EnergyConnect has 2 investors. Key investors include Johnson Controls, and CPower Energy.