About Igloo Energy
Igloo Energy is a Business Services company based in Southampton (United Kingdom) founded in 2016, and was acquired by Good Energy in December 2022. Energy monitoring solutions are provided for gas and electricity utilities. It operates in the Business Services and Energy & Utilities sectors. 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. Igloo Energy was last valued at $63.3 million in June 2020. Its focus areas include Energy Tech, Energy Efficiency Tech, Energy Management System and HVAC Management. Its legal entity is IGLOO ENERGY SUPPLY LIMITED.
Company details
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.
- Headquarters Southampton, United Kingdom
- Employees 68
- Stage Acquired
- SectorsBusiness ServicesEnergy & Utilities
- Website igloo.energy
- Social LinkedIn Facebook
- Acquired by Good Energy (Dec 2022)
- Legal Name Igloo Energy Supply Limited
- Date of Incorporation 07 Oct, 2015
- Jurisdiction BRIGHTON
- Total Equity Funding$12.36M (USD)
in 5 rounds
- Latest Funding Round$4.8M (USD), Series A
Jun 2020
- InvestorsGov.uk
& 2 more
- Employee Count68
- Acquired byGood Energy
(Dec 2022)
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 $12.36M
- Total Rounds 5
- Last Round Series A — $4.8M
- First Round $355,000
(Oct 2017)
- Investors Count 2
All 5 funding rounds of Igloo Energy 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 |
|---|---|---|---|---|---|
| Jun 2020 | $4.8M | Series A | $63.3M | – | – |
| Dec 2019 | Series A | – | Osaka Gas UK | – | |
| Feb 2019 | $7.2M | Series A | $56.9M | – | – |
| Aug 2018 | $1.15M | Grant | – | – | |
| Oct 2017 | $355,000 | Seed | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2020 | $63.3M | •••••••• |
| Feb 2019 | $56.9M | •••••••• |
| Oct 2017 | $••••• | •••••••• |
Full valuation and stage history of Igloo Energy
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $63.3M (Jun 2020). 3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A private equity firm specializing in investments in the energy and natural gas sectors. | 2010 | osakagas.co.uk | London, United Kingdom | |
Online government services and information are provided to users. | 1707 | gov.uk | London, United Kingdom | |
Renewable energy and home solutions are supplied to UK customers. | 1999 | goodenergy.co.uk | Chippenham, United Kingdom |
Investor details for Igloo Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Igloo Energy
8 people are tracked at Igloo Energy (8 in team); the tracked headcount is 68.
| Name | Role | Group |
|---|---|---|
Erol Yalluri | Junior Metering Analyst | Team |
Kayleigh Williams | Customer Service Team Lead | Team |
Chloe Louise White | Customer Care Associate | Team |
Joshua E. | Senior Metering Analyst | Team |
Lisa Allon | Customer Service Team Leader | Team |
Toby Shepherd | Graduate Energy Associate | Team |
Cameron McManus | Technical Surveyor | Team |
Alex Willis | Survey And Design Manager | Team |
Complete people profiles for Igloo Energy
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Timeline of Igloo Energy
5 dated milestones of Igloo Energy across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Igloo Energy is founded.
- Funding First funding round of $355K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $4.8M.
- Exit Acquired by Good Energy.
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Frequently Asked Questions about Igloo Energy
Igloo Energy was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Igloo Energy is headquartered in Southampton, United Kingdom.
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 Seed of $355K, raised on Oct 2017.
Igloo Energy has 68 employees.
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.
Igloo Energy has 3 investors. Key investors include Gov.uk, Good Energy, and Osaka Gas UK.
The valuation of Igloo Energy is $63.3M as of Jun 2020.
Igloo Energy operates through Igloo Energy Supply Limited.
Yes. Igloo Energy was acquired by Good Energy in December 2022.