About Evolve Energy
Evolve Energy is a company based in Houston (United States) founded in 2019 was acquired by Octopus Energy in September 2020.. Evolve Energy has raised $150 thousand across 2 funding rounds from investors including Octopus Energy, URBAN-X and Capital Factory.
- Headquarter Houston, United States
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$150 K (USD)
in 2 rounds
-
Latest Funding Round
$150 K (USD), Seed
Jun 06, 2019
-
Investors
Octopus Energy
& 2 more
-
Employee Count
Employee Count
-
Acquired by
Octopus Energy
(Sep 29, 2020)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
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 Total Funding
- Total Rounds 2
- Last Round Seed — $150,000
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Seed - Evolve Energy | Valuation | URBAN-X |
|
| May, 2019 | Amount | Grant - Evolve Energy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Acceleration is provided to seed-stage, early-stage, and later-stage companies.
|
Founded Year | Domain | Location | |
|
Utility bill management platform is provided for tracking and billing.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Evolve Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Evolve Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Evolve Energy Comparisons
Competitors of Evolve Energy
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Evolve Energy
When was Evolve Energy founded?
Evolve Energy was founded in 2019.
Where is Evolve Energy located?
Evolve Energy is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Is Evolve Energy a funded company?
Evolve Energy is a funded company, having raised a total of $150K across 2 funding rounds to date.
What does Evolve Energy do?
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.
Who are Evolve Energy's investors?
Evolve Energy has 3 investors. Key investors include Octopus Energy, URBAN-X, and Capital Factory.