About Igloo Energy
Igloo Energy is a company based in Southampton (United Kingdom) founded in 2016 was acquired by Good Energy in December 2022.. Igloo Energy has raised $12.36 million across 5 funding rounds from investors including Gov.uk, Good Energy and Osaka Gas UK. The company has 68 employees as of March 31, 2020. Igloo Energy operates in a competitive market with competitors including ecobee, MRI Software, Savant Systems, Span.IO and Tibber, among others.
- Headquarter Southampton, United Kingdom
- Employees 68 as on 31 Mar, 2020
- Stage Minicorn
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Sectors
Business ServicesEnergy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Igloo Energy Supply Limited
- Date of Incorporation 07 Oct, 2015
- Jurisdiction BRIGHTON
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.36 M (USD)
in 5 rounds
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Latest Funding Round
$4.8 M (USD), Series A
Jun 12, 2020
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Investors
Gov.uk
& 2 more
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Employee Count
68
as on Mar 31, 2020
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Acquired by
Good Energy
(Dec 02, 2022)
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Funding Insights of Igloo Energy
Igloo Energy has successfully raised a total of $12.36M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $4.8 million completed in June 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 5
- Last Round Series A — $4.8M
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First Round
First Round
(31 Oct 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series A - Igloo Energy | Valuation |
investors |
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| Dec, 2019 | Amount | Series A - Igloo Energy | Valuation | Osaka Gas UK |
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| Feb, 2019 | Amount | Series A - Igloo Energy | Valuation |
investors |
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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 Igloo Energy
Igloo Energy has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Gov.uk, Good Energy and Osaka Gas UK. 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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A private equity firm specializing in investments in the energy and natural gas sectors.
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Founded Year | Domain | Location | |
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Online government services and information are provided to users.
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Founded Year | Domain | Location | |
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Renewable energy and home solutions are supplied to UK customers.
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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 Igloo Energy
| 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 - Igloo Energy
| 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 |
Igloo Energy Comparisons
Competitors of Igloo Energy
Igloo Energy 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 ecobee, MRI Software, Savant Systems, Span.IO and Tibber, 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 |
Provider of smart thermostats for commercial and residential applications
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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 |
Connected devices are managed via an app and hub system.
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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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| domain | founded_year | HQ Location |
Smart home products for security and energy efficiency are provided.
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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 Igloo Energy
Frequently Asked Questions about Igloo Energy
When was Igloo Energy founded?
Igloo Energy was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Igloo Energy located?
Igloo Energy is headquartered in Southampton, United Kingdom.
Is Igloo Energy a funded company?
Igloo Energy is a funded company, having raised a total of $12.36M across 5 funding rounds to date. The company's 1st funding round was a Series A of $7.2M, raised on Oct 31, 2017.
How many employees does Igloo Energy have?
As of Mar 31, 2020, the latest employee count at Igloo Energy is 68.
What does Igloo Energy do?
Igloo Energy was founded in 2016 in Southampton, United Kingdom, within the energy sector. Operations focus on monitoring solutions for gas and electricity utilities through smart metering devices. Competitive tariffs are offered alongside energy consumption data analysis and supplementary smart products. An app for Android and iOS devices supports user access to these services.
Who are the top competitors of Igloo Energy?
Who are Igloo Energy's investors?
Igloo Energy has 3 investors. Key investors include Gov.uk, Good Energy, and Osaka Gas UK.
What is Igloo Energy's valuation?
The valuation of Igloo Energy is $63.3M as of Jun 2020.
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