About energyX Solutions
energyX Solutions is a company based in Toronto (Canada) founded in 2016 was acquired by Apogee in February 2024.. energyX Solutions has raised $2.92 million across 4 funding rounds from investors including Globalive Capital, BDC and Apogee. energyX Solutions operates in a competitive market with competitors including Enel X, Particle, ecobee, Signify and Landis+Gyr, among others.
- Headquarter Toronto, Canada
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Sectors
Business ServicesEnergy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.92 M (USD)
in 4 rounds
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Latest Funding Round
$748.02 K (USD), Seed
Aug 10, 2020
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Investors
Globalive Capital
& 7 more
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Employee Count
Employee Count
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Acquired by
Apogee
(Feb 07, 2024)
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Funding Insights of energyX Solutions
energyX Solutions has successfully raised a total of $2.92M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $748.02 thousand completed in August 2020. 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 4
- Last Round Seed — $748,019
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First Round
First Round
(05 Sep 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Seed - energyX Solutions | Valuation | BDC |
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| Jul, 2019 | Amount | Seed - energyX Solutions | Valuation |
investors |
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| Jan, 2019 | Amount | Seed - energyX Solutions | Valuation | MaRS Investment Accelerator Fund |
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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 energyX Solutions
energyX Solutions has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Globalive Capital, BDC and Apogee. 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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Early-stage technology startups are supported through investments by MaRS IAF.
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Founded Year | Domain | Location | |
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Venture capital is provided to Canadian tech and offline companies.
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Founded Year | Domain | Location | |
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Impact investments are directed toward UK and Indian tech companies.
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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 energyX Solutions
| 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 - energyX Solutions
| 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 |
Energyx Solutions Comparisons
Competitors of energyX Solutions
energyX Solutions 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 Energyx Solutions
Frequently Asked Questions about energyX Solutions
When was energyX Solutions founded?
energyX Solutions was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is energyX Solutions located?
energyX Solutions is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is energyX Solutions a funded company?
energyX Solutions is a funded company, having raised a total of $2.92M across 4 funding rounds to date. The company's 1st funding round was a Seed of $376.93K, raised on Sep 05, 2018.
What does energyX Solutions do?
Founded in 2016 in Toronto, Canada, energyX Solutions operates in the energy efficiency sector. An app is provided to energy service companies for conducting audits on homes and small-to-medium businesses. Building profiles are analyzed using a proprietary algorithm to identify upgrades and retrofits. Actionable recommendations are generated in under 15 minutes to reduce energy bills.
Who are the top competitors of energyX Solutions?
Who are energyX Solutions's investors?
energyX Solutions has 8 investors. Key investors include Globalive Capital, BDC, Apogee, MaRS IAF, and Impact Investment Partners.
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