About Excelergy
Excelergy is an Energy & Utilities company based in Lexington (United States) founded in 1998, and was acquired by Nexant in January 2009. Energy management software is provided for utility companies. Excelergy has raised $37.6 million across 3 funding rounds from investors including Nexant, Battery Ventures and HWVP. Its chief executive, as recorded, is Bill Mahoney. Excelergy offers products and services including RevenueManager, BusinessRunner, Complex Billing, RevenueManager On-Demand, and Contract Management. Its focus areas include Energy Tech, Smart Grid, Utility Management and Billing. Its competitors include Tantalus, Amberflo and PowerSecure; 2 of its 3 listed competitors have raised funding.
Company details
Excelergy was founded in 1998 in Lexington, United States, as a developer of energy management software for utility companies. Platforms are offered for forecasting, trading, scheduling, billing, settlement, and customerpartner acquisition and care. Flagship products include RevenueManager for revenue management and HedgeDirect for hedging operations. The company operates within the utilities sector, focusing on enterprise-level solutions.
- Headquarters Lexington, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website excelergy.com
- Social LinkedIn X Facebook
- Acquired by Nexant (Jan 2009)
Products & Services of Excelergy
Excelergy offers a comprehensive portfolio of products and services, including RevenueManager, BusinessRunner, Complex Billing, RevenueManager On-Demand, and Contract Management.
Integrated software for customer care and revenue management in energy markets
Gateway for electronic data transactions in energy sector operations
Flexible rating system for residential and commercial energy customers
On-demand platform for billing and customer retention in energy services
System for pricing and executing supply contracts in energy markets
Funding Insights of Excelergy
Excelergy has successfully raised a total of $37.6M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $15 million completed in February 2001. 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 $37.6M
- Total Rounds 3
- Last Round Series C — $15M
- First Round $5M
(Mar 1999)
- Investors Count 4
All 3 funding rounds of Excelergy 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 |
|---|---|---|---|---|---|
| Feb 2001 | $15M | Series C | – | – | |
| Nov 1999 | $17.6M | Series B | – | – | |
| Mar 1999 | $5M | Series A | – | – |
5 investors in total: 5 institutional.
Investors in Excelergy
Excelergy has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Nexant, Battery Ventures and HWVP.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in technology companies are conducted globally by Battery Ventures. | battery.com | |||
Early-stage US tech startups are invested in by HWVP. | hwvp.com | San Francisco, United States | ||
Early-stage VC investments are made in US, Canada, and Asia. | sigmapartners.com | Danville, United States | ||
Offers financial advisory for real estate projects and development services. | 1997 | nassaucap.com | Princeton, United States | |
Offering solutions for demand response for distribution and transmission | 2000 | nexant.com | San Francisco, United States |
Investor details for Excelergy
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 Excelergy
2 people are tracked at Excelergy (1 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Bill Mahoney | CEO & President | Leadership |
Tracy Morgan | Client Success Manager | Team |
Complete people profiles for Excelergy
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 Excelergy
4 dated milestones of Excelergy across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Excelergy is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Series C, of $15.0M.
- Exit Acquired by Nexant.
Competitors of Excelergy
Excelergy has 3 listed competitors in our database, 2 of them funded. They include Tantalus, Amberflo and PowerSecure.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tantalus.com | 1989 | Raleigh, United States | $58.7M | 42 | Smart grid communication solutions are provided for utilities by Tantalus. | |
| amberflo.io | 2020 | San Jose, United States | $15M | Cloud-based invoicing and billing solution for businesses | ||
| powersecure.com | 1991 | Wake Forest, United States | 1,030 | Energy efficiency and smart grid management solutions |
Detailed competitors of Excelergy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Energy Efficiency Solutions
3 companies that operate in the same segment as Excelergy (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 Excelergy
Excelergy was founded in 1998 and raised its 1st funding round 1 year after it was founded.
Excelergy is headquartered in Lexington, United States. It is registered at Lexington, Kentucky, United States.
Bill Mahoney is the CEO of Excelergy, as recorded in our data.
Excelergy is a funded company, having raised a total of $37.6M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Mar 1999.
Excelergy was founded in 1998 in Lexington, United States, as a developer of energy management software for utility companies. Platforms are offered for forecasting, trading, scheduling, billing, settlement, and customerpartner acquisition and care. Flagship products include RevenueManager for revenue management and HedgeDirect for hedging operations. The company operates within the utilities sector, focusing on enterprise-level solutions.
Excelergy's top competitors include PowerSecure, Tantalus and Amberflo.
Excelergy offers RevenueManager, BusinessRunner, Complex Billing, RevenueManager On-Demand, and Contract Management.
Excelergy has 5 investors. Key investors include Nexant, Battery Ventures, HWVP, Nassau Capital Advisors, and Sigma Partners.
Yes. Excelergy was acquired by Nexant in January 2009.