About Enerworks
Enerworks is a company based in Woodstock (Canada) founded in 1998 was acquired by ProVision Solar in February 2011. Enerworks has raised $8.75 million across 2 funding rounds from investors including Chrysalix Venture Capital, InvestEco and VentureLink Funds. The company has 9 employees as of December 31, 2024. Enerworks offers products and services including Solar Water Heating Systems and Solar Pool Heating. Enerworks operates in a competitive market with competitors including Zodiac Energy, Chromagen, Frisquet, VSVPRO and Sakar India, among others.
- Headquarter Woodstock, Canada
- Employees 9 as on 31 Dec, 2024
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Enerworks 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
$8.75 M (USD)
in 2 rounds
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Latest Funding Round
$5.1 M (USD), Series A
Feb 05, 2009
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Investors
Chrysalix Venture Capital
& 4 more
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Employee Count
9
as on Dec 31, 2024
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Acquired by
ProVision Solar
(Feb 14, 2011)
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Products & Services of Enerworks
Enerworks offers a comprehensive portfolio of products and services, including Solar Water Heating Systems and Solar Pool Heating.
Systems for efficient water heating using solar energy to cut costs.
Solutions for heating pools with solar technology to reduce energy use.
Funding Insights of Enerworks
Enerworks has successfully raised a total of $8.75M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.1 million completed in February 2009. 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 A — $5.1M
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First Round
First Round
(12 Oct 2006)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2009 | Amount | Series A - Enerworks | Valuation |
investors |
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| Oct, 2006 | Amount | Series A - Enerworks | Valuation |
investors |
Investors in Enerworks
Enerworks has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Chrysalix Venture Capital, InvestEco and VentureLink Funds.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Chrysalix Venture Capital is focused on industrial innovation investments.
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Founded Year | Domain | Location | |
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Venture capital is invested in North American tech companies.
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Founded Year | Domain | Location | |
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Tech & Energy focused investment management firm investing primarily in Canada
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Founded Year | Domain | Location |
Investments & Acquisitions by Enerworks
Financial Statements - Enerworks
Enerworks Comparisons
Competitors of Enerworks
Enerworks 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 Zodiac Energy, Chromagen, Frisquet, VSVPRO and Sakar India, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solar parabolic troughs, water heaters, and PV modules are installed.
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| domain | founded_year | HQ Location |
Solar and electric water heating systems are manufactured globally.
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| domain | founded_year | HQ Location |
Delivers smart solar water heating solutions for efficient energy use.
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| domain | founded_year | HQ Location |
Offers solutions for air conditioning and heating systems to optimize energy efficiency.
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| domain | founded_year | HQ Location |
Offers EPC designing, contracting, and solutions for hotels, hospitals, and industries worldwide.
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Frequently Asked Questions about Enerworks
Enerworks was founded in 1998 and raised its 1st funding round 8 years after it was founded.
Enerworks is headquartered in Woodstock, Canada. It is registered at Woodstock, Ontario, Canada.
Enerworks is a funded company, having raised a total of $8.75M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.65M, raised on Oct 12, 2006.
As of Dec 31, 2024, the latest employee count at Enerworks is 9.
Enerworks was founded in 1998 in Woodstock, Canada, within the renewable energy sector. Patented technologies and solutions for solar water heating are provided to residential and commercial markets. Operations focus on applications across various climates, with the Spectrum line offered for general solar water heating and the Enersol line for pool systems and accessories.
Enerworks's top competitors include Zodiac Energy, Chromagen and VSVPRO.
Enerworks offers Solar Water Heating Systems and Solar Pool Heating.
Enerworks has 5 investors. Key investors include Chrysalix Venture Capital, InvestEco, VentureLink Funds, Covington Capital, and ProVision Solar.