About Enevo
Enevo is a company based in Espoo (Finland) founded in 2010 was acquired by Reen in June 2021.. Enevo has raised $38.67 million across 8 funding rounds from investors including Foxconn Electronics, European Investment Bank and European Union. Enevo offers products and services including Enevo Platform, Sensors, and Dynamic Routing Engine. Enevo operates in a competitive market with competitors including Rubicon, Sensoneo, Bigbelly Solar, Evreka and Orbisk, among others.
- Headquarter Espoo, Finland
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Sectors
EnvironmentTechnology
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Phone
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Website
*********
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Social
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- Legal Name Enevo, 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
$38.67 M (USD)
in 8 rounds
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Latest Funding Round
$12 M (USD), Series B
Sep 22, 2017
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Investors
Foxconn Electronics
& 13 more
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Employee Count
Employee Count
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Acquired by
Reen
(Jun 08, 2021)
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Products & Services of Enevo
Enevo offers a comprehensive portfolio of products and services, including Enevo Platform, Sensors, and Dynamic Routing Engine. 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.
Cloud-based tool for waste data analysis and operational insights.
Monitors waste container levels for real-time alerts and optimization.
Automates service routes based on waste data trends and variations.
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Funding Insights of Enevo
Enevo has successfully raised a total of $38.67M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $12 million completed in September 2017. 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 8
- Last Round Series B — $12.0M
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First Round
First Round
(31 Jan 2012)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series B - Enevo | Valuation | Lifeline Ventures , Draper Associates |
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| Aug, 2016 | Amount | Debt – Conventional - Enevo | Valuation |
investors |
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| Jun, 2016 | Amount | Grant - Enevo | Valuation |
investors |
| 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 Enevo
Enevo has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Foxconn Electronics, European Investment Bank and European Union. 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 venture capital is invested in European startups across sectors.
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Founded Year | Domain | Location | |
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Early-stage technology companies receive venture capital investments.
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Founded Year | Domain | Location | |
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Earlybird is recognized as a venture capital investor focused on early-stage 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 Enevo
| 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 - Enevo
| 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 |
Enevo Comparisons
Competitors of Enevo
Enevo 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 Rubicon, Sensoneo, Bigbelly Solar, Evreka and Orbisk, 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 |
Waste and recycling solutions are provided by Rubicon nationwide.
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| domain | founded_year | HQ Location |
Real-time garbage levels in waste containers are monitored using sensors.
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| domain | founded_year | HQ Location |
Smart solar-powered waste bins are provided for real-time collection management.
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| domain | founded_year | HQ Location |
Evreka is recognized as a leading smart waste management company.
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| domain | founded_year | HQ Location |
AI-based food waste monitoring systems are provided for kitchens.
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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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Latest news on Enevo
Frequently Asked Questions about Enevo
When was Enevo founded?
Enevo was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Where is Enevo located?
Enevo is headquartered in Espoo, Finland.
Is Enevo a funded company?
Enevo is a funded company, having raised a total of $38.67M across 8 funding rounds to date. The company's 1st funding round was a Grant of $2.53M, raised on Jan 31, 2012.
What does Enevo do?
Founded in 2010 and based in Espoo, Finland, Enevo operates in the waste management sector. Ultrasonic sensors are deployed to monitor fill levels in containers, with data transmitted wirelessly to servers for real-time analysis. Optimized collection routes and schedules are generated automatically, alongside forecasts for waste accumulation and live fleet tracking. Partnerships with waste hauliers are maintained to facilitate removal services using this integrated sensor and software system.
What products or services does Enevo offer?
Enevo offers Enevo Platform, Sensors, and Dynamic Routing Engine.
Who are Enevo's investors?
Enevo has 14 investors. Key investors include Foxconn Electronics, European Investment Bank, European Union, Business Finland, and Lifeline Ventures.
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