About GreenCom Networks
GreenCom Networks is a company based in Munchen (Germany) founded in 2011 was acquired by Enphase Energy in August 2022.. GreenCom Networks has raised $17.81 million across 6 funding rounds from investors including Enphase Energy, Shell and Centrica. The company has 34 employees as of December 31, 2021. GreenCom Networks operates in a competitive market with competitors including eero, Itron, Autogrid, Franklin Energy and Voltus, among others.
- Headquarter Munchen, Germany
- Employees 34 as on 31 Dec, 2021
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Sectors
TechnologyEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Greencom Networks Ag
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.81 M (USD)
in 6 rounds
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Latest Funding Round
$14.4 M (USD), Series C
Dec 02, 2020
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Investors
Enphase Energy
& 9 more
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Employee Count
34
as on Dec 31, 2021
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Acquired by
Enphase Energy
(Aug 29, 2022)
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Funding Insights of GreenCom Networks
GreenCom Networks has successfully raised a total of $17.81M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $14.4 million completed in December 2020. 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 6
- Last Round Series C — $14.4M
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First Round
First Round
(04 Jul 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series C - GreenCom Networks | Valuation | Shell | |
| Sep, 2020 | Amount | Grant - GreenCom Networks | Valuation |
investors |
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| May, 2019 | Amount | Series A - GreenCom Networks | Valuation | innogy Innovation Hub |
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| 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 GreenCom Networks
GreenCom Networks has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Enphase Energy, Shell and Centrica. 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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Energy and tech focused VC firm investing in geographies such as Japan
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Founded Year | Domain | Location | |
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Venture capital fund focused on the energy tech sector
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward Germany and the US.
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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 GreenCom Networks
| 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 - GreenCom Networks
| 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 |
Greencom Networks Comparisons
Competitors of GreenCom Networks
GreenCom Networks 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 eero, Itron, Autogrid, Franklin Energy and Voltus, 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 |
Mesh-based connectivity solutions for IoT applications are provided.
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| domain | founded_year | HQ Location |
Cloud-based end-to-end solutions for smart grids are provided.
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| domain | founded_year | HQ Location |
IoT-enabled distributed energy resource management solutions are provided.
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| domain | founded_year | HQ Location |
Energy efficiency programs are designed for utilities and municipalities.
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| domain | founded_year | HQ Location |
Provider of demand response solutions for industrial and commercial applications
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| domain | founded_year | HQ Location |
A private wireless mesh network is provided for adaptive communications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Greencom Networks
Frequently Asked Questions about GreenCom Networks
When was GreenCom Networks founded?
GreenCom Networks was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is GreenCom Networks located?
GreenCom Networks is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Is GreenCom Networks a funded company?
GreenCom Networks is a funded company, having raised a total of $17.81M across 6 funding rounds to date.
How many employees does GreenCom Networks have?
As of Dec 31, 2021, the latest employee count at GreenCom Networks is 34.
What does GreenCom Networks do?
GreenCom is a cloud AI-based mesh networking management solutions provider. It has developed an IoT platform to optimize the share of distributed energy assets and end consumer demand. The GreenCom Network is one of the key applications based on Energy IoT Plattform which allows the aggregation of various electricity producers and consuming assets. Can be used to provide energy autarky services, energy optimization in HVAC systems, decentralized energy management, and district energy distribution. Combining it with external data and self-learning algorithms it can control the various assets to maximize returns.GreenComs X-Manager Application allows the visualization and control of a large number of different devices including PV Systems, Storage units, Heat Pumps, Electric Vehicles, CHP Plants, Electrical Heaters and Air Conditions at consumer locations.
Who are the top competitors of GreenCom Networks?
Who are GreenCom Networks's investors?
GreenCom Networks has 10 investors. Key investors include Enphase Energy, Shell, Centrica, Energy & Environment Investment, and Future Energy Ventures.
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