About GridPoint
GridPoint is a company based in Reston (United States) founded in 2003 by Peter L Corsell was acquired by Twenty First Century Utilities in October 2015.. GridPoint has raised $584.31 million across 16 funding rounds from investors including Goldman Sachs, Shell and I Squared Capital. GridPoint has completed 3 acquisitions, including ADMMicro, Standard Renewable and V2Green. GridPoint offers products and services including GridPoint Intelligence, HVAC Health Monitoring, and Energy Analysis. GridPoint operates in a competitive market with competitors including Landis+Gyr, MRI Software, Tibber, Span.IO and Eneco, among others.
- Headquarter Reston, United States
- Founders Peter L Corsell
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Sectors
TechnologyBusiness Services Energy & Utilities Real Estate & Construction
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Phone
*********
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Website
*********
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Social
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- Legal Name Gridpoint, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$584.31 M (USD)
in 16 rounds
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Latest Funding Round
$45 M (USD), Series G
Mar 31, 2025
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Investors
Goldman Sachs
& 24 more
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Employee Count
Employee Count
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Investments & Acquisitions
ADMMicro
& 2 more
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Acquired by
Twenty First Century Utilities
(Oct 28, 2015)
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Products & Services of GridPoint
GridPoint offers a comprehensive portfolio of products and services, including GridPoint Intelligence, HVAC Health Monitoring, and Energy Analysis. 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.
Automates building operations by analyzing data for efficiency gains
Monitors systems to detect anomalies and prevent costly issues
Reviews energy output to recommend reduction strategies quickly
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Funding Insights of GridPoint
GridPoint has successfully raised a total of $584.31M across 16 strategic funding rounds. The most recent funding activity was a Series G round of $45 million completed in March 2025. 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 16
- Last Round Series G — $45.0M
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First Round
First Round
(26 Nov 2005)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series G - GridPoint | Valuation | Marunouchi Innovation Partners | |
| Jun, 2023 | Amount | Debt – Conventional - GridPoint | Valuation |
investors |
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| Mar, 2022 | Amount | Series G - GridPoint | Valuation | Goldman Sachs Asset Management |
| 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 GridPoint
GridPoint has secured backing from 25 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Shell and I Squared Capital. 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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Growth investments are made in climate tech startups globally.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Investment management in biotech, technology, energy, shipping, financials, and litigation sectors.
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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 GridPoint
GridPoint has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include ADMMicro, Standard Renewable and V2Green. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Renewable energy solutions including solar and insulation are offered.
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2006 | ||||
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Software solutions for plug-in electric vehicle grid integration were developed.
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2006 | ||||
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Manufacturer of energy management devices and building controllers
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - GridPoint
| 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 |
Gridpoint Comparisons
Competitors of GridPoint
GridPoint 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 Landis+Gyr, MRI Software, Tibber, Span.IO and Eneco, 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 |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
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| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
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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 |
Producer and supplier of natural gas, electricity, and heat
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| domain | founded_year | HQ Location |
Software for property maintenance, asset management, and leasing is developed.
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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 Gridpoint
Frequently Asked Questions about GridPoint
When was GridPoint founded?
GridPoint was founded in 2003 and raised its 1st funding round 2 years after it was founded.
Where is GridPoint located?
GridPoint is headquartered in Reston, United States. It is registered at Reston, Virginia, United States.
Who is the current CEO of GridPoint?
Mark Danzenbaker is the current CEO of GridPoint.
Is GridPoint a funded company?
GridPoint is a funded company, having raised a total of $584.31M across 16 funding rounds to date. The company's 1st funding round was a Series G of $75M, raised on Nov 26, 2005.
What does GridPoint do?
Founded in 2003 and based in Reston, United States, GridPoint operates in the energy management sector. Real-time data collection, big data analytics, and cloud computing are utilized to support energy savings, operational efficiency, and sustainability. Hardware components, including submeters, controllers, thermostats, and sensors, are offered alongside the cloud-based Energy Manager platform to monitor assets like HVAC and lighting systems.
Who are the top competitors of GridPoint?
GridPoint's top competitors include Landis+Gyr, Span.IO and Happy.
What products or services does GridPoint offer?
GridPoint offers GridPoint Intelligence, HVAC Health Monitoring, and Energy Analysis.
How many acquisitions has GridPoint made?
GridPoint has made 3 acquisitions, including ADMMicro, Standard Renewable, and V2Green.
Who are GridPoint's investors?
GridPoint has 25 investors. Key investors include Goldman Sachs, Shell, I Squared Capital, Perella Weinberg Partners, and Fortress Investment.