About enVerid
enVerid is a company based in Boston (United States) founded in 2010.. enVerid has raised $48.91 million across 9 funding rounds from investors including OurCrowd, DOE and New Energy Nexus. The company has 31 employees as of December 31, 2021. enVerid operates in a competitive market with competitors including NIBE Group, Molekule, GridPoint, Wynd Technologies and BrainBox AI, among others.
- Headquarter Boston, United States
- Employees 31 as on 31 Dec, 2021
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Sectors
Business ServicesEnergy & Utilities Technology Environment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Enverid 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
$48.91 M (USD)
in 9 rounds
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Latest Funding Round
$13.94 M (USD), Series B
May 17, 2023
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Investors
OurCrowd
& 7 more
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Employee Count
31
as on Dec 31, 2021
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Funding Insights of enVerid
enVerid has successfully raised a total of $48.91M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $13.94 million completed in May 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 9
- Last Round Series B — $13.9M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series B - enVerid | Valuation |
investors |
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| Nov, 2020 | Amount | Grant - enVerid | Valuation |
investors |
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| Mar, 2020 | Amount | Series B - enVerid | Valuation | Breakthrough Energy |
| 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 enVerid
enVerid has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include OurCrowd, DOE and New Energy Nexus. 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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Energy sector startups are accelerated by Clean Fight.
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Founded Year | Domain | Location | |
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Building Ventures is focused on investing in built environment innovations.
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Founded Year | Domain | Location | |
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Venture capital is provided by Ajax Strategies to tech sectors.
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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 enVerid
| 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 - enVerid
| 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 |
Enverid Comparisons
Competitors of enVerid
enVerid 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 NIBE Group, Molekule, GridPoint, Wynd Technologies and BrainBox AI, 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 sustainable energy solutions contributing to reducing greenhouse gas emissions globally
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| domain | founded_year | HQ Location |
Air purifiers and accessories are distributed by an internet-first brand.
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| domain | founded_year | HQ Location |
Provider of data-driven energy management solutions
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| domain | founded_year | HQ Location |
Smart air purifiers are provided for monitoring and purification.
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| domain | founded_year | HQ Location |
AI and SaaS-driven HVAC optimization for commercial buildings is provided.
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| domain | founded_year | HQ Location |
Submeter billing and overtime HVAC management services are provided.
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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 Enverid
Frequently Asked Questions about enVerid
When was enVerid founded?
enVerid was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is enVerid located?
enVerid is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of enVerid?
Christian Weeks is the current CEO of enVerid.
Is enVerid a funded company?
enVerid is a funded company, having raised a total of $48.91M across 9 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Jun 01, 2011.
How many employees does enVerid have?
As of Dec 31, 2021, the latest employee count at enVerid is 31.
What does enVerid do?
enVerid was founded in 2010 in Boston, United States, and operates in the HVAC sector. Retrofit modules known as HLR are offered to remove carbon dioxide, volatile organic compounds, and trace contaminants from indoor air. Outside air requirements are minimized to sustain air quality, which reduces HVAC system loads and energy consumption. Operations focus on commercial and institutional applications across the United States.
Who are the top competitors of enVerid?
Who are enVerid's investors?
enVerid has 8 investors. Key investors include OurCrowd, DOE, New Energy Nexus, Clean Fight, and Building Ventures.