About Evergrow
Evergrow is a company based in San Francisco (United States) founded in 2021 by James Richards. It operates as a Green Energy-as-a-Service, and Brokerage / Intermediation. Evergrow has raised $14 million across 2 funding rounds from investors including First Round Capital, XYZ Venture Capital and Congruent Ventures. The company has 10 employees as of December 31, 2024. Evergrow offers products and services including Tax Credit Financing and Solar and Storage Funding. Evergrow operates in a competitive market with competitors including Xpansiv, Renew Financial, APX, Ygrene Energy Fund and Odyssey Energy Solutions, among others.
- Headquarter San Francisco, United States
- Employees 10 as on 31 Dec, 2024
- Founders James Richards
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Sectors
Financial ServicesEnvironment Technology
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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 Evergrow 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
$14 M (USD)
in 2 rounds
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Latest Funding Round
$7 M (USD), Seed
Apr 18, 2023
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Investors
First Round Capital
& 11 more
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Employee Count
10
as on Dec 31, 2024
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Products & Services of Evergrow
Evergrow offers a comprehensive portfolio of products and services, including Tax Credit Financing and Solar and Storage Funding. 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.
Financing is provided for clean energy tax credits.
Funding is offered for solar and storage projects.
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Funding Insights of Evergrow
Evergrow has successfully raised a total of $14M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $7 million completed in April 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 Seed — $7.0M
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First Round
First Round
(10 Nov 2021)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Seed - Evergrow | Valuation | First Round Capital , XYZ Venture Capital |
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| Nov, 2021 | Amount | Seed - Evergrow | Valuation | XYZ Venture Capital , Congruent Ventures |
| 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 Evergrow
Evergrow has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include First Round Capital, XYZ Venture Capital and Congruent Ventures. 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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US focused seed and early-stage VC firm
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Founded Year | Domain | Location | |
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Investments in early-stage companies are managed by XYZ Venture Capital.
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Founded Year | Domain | Location | |
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Climate tech investing and support for early-stage entrepreneurs in North America.
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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 Evergrow
| 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 - Evergrow
| 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 |
Evergrow Comparisons
Competitors of Evergrow
Evergrow 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 Xpansiv, Renew Financial, APX, Ygrene Energy Fund and Odyssey Energy Solutions, 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 |
Offsets and renewable energy marketplace
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| domain | founded_year | HQ Location |
Renewable energy financing is facilitated via an online platform.
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| domain | founded_year | HQ Location |
Environmental registries and energy market services are provided by APX.
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| domain | founded_year | HQ Location |
Provider of an online platform for clean energy financing
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| domain | founded_year | HQ Location |
End-to-end platform for distributed renewable energy finance is provided.
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| domain | founded_year | HQ Location |
Online marketplace for green financing
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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 Evergrow
Frequently Asked Questions about Evergrow
When was Evergrow founded?
Evergrow was founded in 2021.
Where is Evergrow located?
Evergrow is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Evergrow?
James Richards is the current CEO of Evergrow. They have also founded this company.
Is Evergrow a funded company?
Evergrow is a funded company, having raised a total of $14M across 2 funding rounds to date. The company's 1st funding round was a Seed of $7M, raised on Nov 10, 2021.
How many employees does Evergrow have?
As of Dec 31, 2024, the latest employee count at Evergrow is 10.
What does Evergrow do?
Evergrow is involved in providing tax-credit financing solutions for clean energy projects. The company supports commercial real estate owners, REITs, developers, and operators of clean energy assets across various sectors. Financing is extended for solar PV and battery storage technologies, with a focus on projects of all sizes. An end-to-end platform is utilized to streamline the financing process, ensuring efficiency and accessibility. Community impact is prioritized by funding projects that bring sustainable energy solutions to diverse locations across the United States.
Who are the top competitors of Evergrow?
Evergrow's top competitors include APX, Renew Financial and Ygrene Energy Fund.
What products or services does Evergrow offer?
Evergrow offers Tax Credit Financing and Solar and Storage Funding.
Who are Evergrow's investors?
Evergrow has 12 investors. Key investors include First Round Capital, XYZ Venture Capital, Congruent Ventures, Garuda Ventures, and Skyview Ventures.
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