About Greenbird
Greenbird is a company based in Oslo (Norway) founded in 2010 by Jens Martin Gronn and Thorsten Heller was acquired by GE Vernova in August 2023.. Greenbird has raised $10.83 million across 5 funding rounds from investors including European Commission, GE Vernova and European Union. The company has 43 employees as of December 31, 2020. Greenbird offers products and services including GridOS Orchestration Software, GridOS Data Fabric, GridOS ADMS, and GridOS DERMS. Greenbird operates in a competitive market with competitors including Particle, ecobee, Landis+Gyr, Nanoleaf and Span.IO, among others.
- Headquarter Oslo, Norway
- Employees 43 as on 31 Dec, 2020
- Founders Jens Martin Gronn, Thorsten Heller
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Sectors
Business ServicesTechnology Real Estate & Construction Energy & Utilities
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
$3.45 M (USD)-48as on Dec 31, 2021
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Net Profit
$-4.67 M (USD)52as on Dec 31, 2021
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EBITDA
$-3.51 M (USD)-257as on Dec 31, 2021
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Total Equity Funding
$10.83 M (USD)
in 5 rounds
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Latest Funding Round
$60.68 K (USD), Grant
Jan 31, 2021
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Investors
European Commission
& 7 more
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Employee Count
43
as on Dec 31, 2020
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Acquired by
GE Vernova
(Aug 14, 2023)
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Products & Services of Greenbird
Greenbird offers a comprehensive portfolio of products and services, including GridOS Orchestration Software, GridOS Data Fabric, GridOS ADMS, and GridOS DERMS. 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.
Software for orchestrating energy grids and improving reliability
Platform for eliminating data silos in grid operations
System for managing distribution networks and renewables integration
Tool for handling distributed energy resources and grid optimization
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Software Development Team
3 people
Finance and Accounting
1 people
COO Team
1 people
Delivery Team
1 people
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Funding Insights of Greenbird
Greenbird has successfully raised a total of $10.83M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $60.68 thousand completed in January 2021. 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 5
- Last Round Grant — $60,681
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First Round
First Round
(07 Nov 2016)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Grant - Greenbird | Valuation |
investors |
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| Sep, 2020 | Amount | Series B - Greenbird | Valuation | EnBW New Ventures , Nysno | |
| Feb, 2019 | Amount | Grant - Greenbird | Valuation |
investors |
| 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 Greenbird
Greenbird has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include European Commission, GE Vernova and European Union. 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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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Corporate venture capital is provided by EnBW New Ventures to support sustainable infrastructure startups.
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Founded Year | Domain | Location | |
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Early-stage investments in tech and energy sectors are targeted.
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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 Greenbird
| 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 - Greenbird
| 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 |
Greenbird Comparisons
Competitors of Greenbird
Greenbird 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 Particle, ecobee, Landis+Gyr, Nanoleaf and Span.IO, 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 |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Energy-efficient smart lightbulbs are developed by Nanoleaf.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
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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 Greenbird
Frequently Asked Questions about Greenbird
When was Greenbird founded?
Greenbird was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Where is Greenbird located?
Greenbird is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Who is the current CEO of Greenbird?
Thorsten Heller is the current CEO of Greenbird. They have also founded this company.
Is Greenbird a funded company?
Greenbird is a funded company, having raised a total of $10.83M across 5 funding rounds to date. The company's 1st funding round was a Grant of $2.28M, raised on Nov 07, 2016.
How many employees does Greenbird have?
As of Dec 31, 2020, the latest employee count at Greenbird is 43.
What is the annual revenue of Greenbird?
Annual revenue of Greenbird is $3.45M as on Dec 31, 2021.
What does Greenbird do?
Greenbird was founded in 2010 in Oslo, Norway, and focuses on IoT integration technology. Metercloud, a hybrid cloud platform, is provided for big data applications in smart grids, smart cities, and industrial IoT sectors. Enterprise customers such as utilities, municipalities, and process industries are served through data pipelines and integration engines that handle transport, refinement, distribution, and monetization of device data.
Who are the top competitors of Greenbird?
Greenbird's top competitors include ecobee, Particle and Landis+Gyr.
What products or services does Greenbird offer?
Greenbird offers GridOS Orchestration Software, GridOS Data Fabric, GridOS ADMS, and GridOS DERMS.
Who are Greenbird's investors?
Greenbird has 8 investors. Key investors include European Commission, GE Vernova, European Union, EIC Fund, and EnBW New Ventures.
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