About Entropy Inc
Entropy Inc is a company based in Calgary (Canada) founded in 2021.. Entropy Inc has raised $389.97 million across 2 funding rounds from investors including Brookfield Asset Management and Canada Growth Fund. Entropy Inc offers products and services including iCCS Recip™, iCCS Thermal™, and iCCS Turbine™. Entropy Inc operates in a competitive market with competitors including Carbon Clean, Charm Industrial, Svante, Storegga Geotechnologies and Carbon America, among others.
- Headquarter Calgary, Canada
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Sectors
EnvironmentTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Entropy 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
$389.97 M (USD)
in 2 rounds
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Latest Funding Round
$149.59 M (USD), Series D
Dec 20, 2023
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Investors
Brookfield Asset Management
& 1 more
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Employee Count
Employee Count
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Products & Services of Entropy Inc
Entropy Inc offers a comprehensive portfolio of products and services, including iCCS Recip™, iCCS Thermal™, and iCCS Turbine™. 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.
Captures carbon from reciprocating engines in gas compression.
Captures carbon from boilers and steam generation systems.
Captures carbon from gas turbines used in power generation.
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Funding Insights of Entropy Inc
Entropy Inc has successfully raised a total of $389.97M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $149.59 million completed in December 2023. 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 D — $149.6M
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First Round
First Round
(28 Mar 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2023 | Amount | Series D - Entropy Inc | Valuation |
investors |
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| Mar, 2022 | Amount | Series D - Entropy Inc | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Entropy Inc
Entropy Inc has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Brookfield Asset Management and Canada Growth Fund. 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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A fund focused on catalyzing private investments in Canadian projects.
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Founded Year | Domain | Location | |
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Focus is placed on real estate and renewable energy investments.
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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 Entropy Inc
| 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 - Entropy Inc
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Entropy Inc Comparisons
Competitors of Entropy Inc
Entropy Inc 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 Carbon Clean, Charm Industrial, Svante, Storegga Geotechnologies and Carbon America, 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 |
Provider of modular carbon capture technology and industrial decarbonization solutions
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| domain | founded_year | HQ Location |
Bio-oil-based carbon removal technology is developed from agricultural residues.
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| domain | founded_year | HQ Location |
Carbon capture solutions from air are provided for industrial emissions.
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| domain | founded_year | HQ Location |
Geological storage for CO2 emissions and hydrogen projects is developed.
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| domain | founded_year | HQ Location |
Carbon capture and sequestration solutions are developed and delivered.
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| domain | founded_year | HQ Location |
Carbon credits from regenerative agriculture are provided to businesses.
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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 Entropy Inc
Frequently Asked Questions about Entropy Inc
When was Entropy Inc founded?
Entropy Inc was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Entropy Inc located?
Entropy Inc is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of Entropy Inc?
Mike Belenkie is the current CEO of Entropy Inc.
Is Entropy Inc a funded company?
Entropy Inc is a funded company, having raised a total of $389.97M across 2 funding rounds to date. The company's 1st funding round was a Series D of $240.38M, raised on Mar 28, 2022.
What does Entropy Inc do?
Entropy was founded in 2021 and is based in Calgary, Canada. Carbon capture and storage services are delivered across the environmental technology sector. Project development, emissions capture from sources such as reciprocating engines, boilers, and gas turbines, along with transport and underground sequestration, are managed. Advisory support, installation of proprietary technologies, and regulatory compliance are handled for various industries. Operations focus on reliable carbon removal processes.
Who are the top competitors of Entropy Inc?
Entropy Inc's top competitors include Carbon Clean, Charm Industrial and RepAir.
What products or services does Entropy Inc offer?
Entropy Inc offers iCCS Recip™, iCCS Thermal™, and iCCS Turbine™.
Who are Entropy Inc's investors?
Entropy Inc has 2 investors. Key investors include Brookfield Asset Management, and Canada Growth Fund.