About Evolve Energy
Evolve Energy is an Energy & Utilities company based in Houston (United States) founded in 2019, and was acquired by Octopus Energy in September 2020. Real-time wholesale pricing is delivered via a mobile app. Evolve Energy has raised $150 thousand across 2 funding rounds from investors including Octopus Energy, URBAN-X and Capital Factory. Its focus areas include Energy and Services for Energy Efficiency.
Company details
Evolve Energy was founded in 2019 and is headquartered in Houston, United States. Operations focus on the energy sector, where a mobile application is provided to deliver real-time wholesale pricing data. Services enable users to access current market rates for energy commodities. The platform supports informed decision-making in wholesale energy transactions across the United States. Domain evolvemyenergy.com is utilized for online presence.
- Headquarters Houston, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website evolvemyenergy.com
- Social LinkedIn X Facebook
- Acquired by Octopus Energy (Sep 2020)
- Total Equity Funding$150K (USD)
in 2 rounds
- Latest Funding Round$150K (USD), Seed
Jun 2019
- InvestorsOctopus Energy
& 2 more
- Acquired byOctopus Energy
(Sep 2020)
Funding Insights of Evolve Energy
Evolve Energy has successfully raised a total of $150K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $150 thousand completed in June 2019. 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 $150,000
- Total Rounds 2
- Last Round Seed — $150,000
- Investors Count 2
All 2 funding rounds of Evolve Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2019 | $150,000 | Seed | – | URBAN-X | – |
| May 2019 | Grant | – | – |
3 investors in total: 3 institutional.
Investors in Evolve Energy
Evolve Energy has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Octopus Energy, URBAN-X and Capital Factory.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| urban-x.com | ||||
Acceleration is provided to seed-stage, early-stage, and later-stage companies. | capitalfactory.com | Austin, United States | ||
Utility bill management platform is provided for tracking and billing. | 2015 | octopus.energy | London, United Kingdom |
Investor details for Evolve Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Evolve Energy
1 people are tracked at Evolve Energy (1 in leadership).
| Name | Role | Group |
|---|---|---|
Michael Lee | co-founder of Evolve Energy | Leadership |
Complete people profiles for Evolve Energy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Evolve Energy
4 dated milestones of Evolve Energy across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Evolve Energy is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $150K.
- Exit Acquired by Octopus Energy.
Top companies in Energy Efficiency Solutions
3 companies that operate in the same segment as Evolve Energy (Energy Efficiency Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | 109 |
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Frequently Asked Questions about Evolve Energy
Evolve Energy was founded in 2019.
Evolve Energy is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Evolve Energy is a funded company, having raised a total of $150K across 2 funding rounds to date.
Evolve Energy was founded in 2019 and is headquartered in Houston, United States. Operations focus on the energy sector, where a mobile application is provided to deliver real-time wholesale pricing data. Services enable users to access current market rates for energy commodities. The platform supports informed decision-making in wholesale energy transactions across the United States. Domain evolvemyenergy.com is utilized for online presence.
Evolve Energy has 3 investors. Key investors include Octopus Energy, URBAN-X, and Capital Factory.
Yes. Evolve Energy was acquired by Octopus Energy in September 2020.