About Ignite Energy
Ignite Energy is a company based in Wantage (United Kingdom) founded in 2009 was acquired by Inspired Energy in July 2020.. Ignite Energy has raised $6.06 million across 1 funding round from investors including Inspired Energy. The company has 76 employees as of December 31, 2021. Ignite Energy offers products and services including Energy Procurement & Risk Management, Energy Efficiency Projects, Net Zero Services, and Energy Bill Validation. Ignite Energy operates in a competitive market with competitors including Particle, ecobee, MRI Software, Landis+Gyr and Nanoleaf, among others.
- Headquarter Wantage, United Kingdom
- Employees 76 as on 31 Dec, 2021
-
Sectors
Business ServicesEnergy & Utilities Real Estate & Construction Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Ignite Energy Ltd
- Date of Incorporation 18 Nov, 2009
- Jurisdiction KIRKHAM, LANCASHIRE, UNITED KINGDOM
-
Annual Revenue
$13.79 M (USD)-33as on Dec 31, 2020
-
Net Profit
$2.84 M (USD)-35as on Dec 31, 2020
-
EBITDA
-
Total Equity Funding
$6.06 M (USD)
in 1 rounds
-
Latest Funding Round
$6.06 M (USD), Private Equity Round
Aug 02, 2019
- Investors
-
Employee Count
76
as on Dec 31, 2021
-
Acquired by
Inspired Energy
(Jul 10, 2020)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Ignite Energy
Ignite Energy offers a comprehensive portfolio of products and services, including Energy Procurement & Risk Management, Energy Efficiency Projects, Net Zero Services, and Energy Bill Validation. 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.
Manages energy procurement to minimize risks and costs for businesses.
Implements projects to reduce energy consumption in large organizations.
Supports businesses in achieving net zero emissions targets.
Reviews and validates energy bills to ensure accuracy and savings.
Unlock access to complete
Funding Insights of Ignite Energy
Ignite Energy has successfully raised a total of $6.06M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $6.06 million completed in August 2019. 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 1
- Last Round Private Equity Round — $6.1M
-
First Round
First Round
(02 Aug 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Private Equity Round - Ignite Energy | Valuation | Inspired Energy |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ignite Energy
Ignite Energy has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Inspired Energy. 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 |
|---|---|---|---|---|
|
Consultancy services in renewable energy and efficiency are provided.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Ignite Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Ignite Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ignite Energy Comparisons
Competitors of Ignite Energy
Ignite 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 Particle, ecobee, MRI Software, Landis+Gyr and Nanoleaf, 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.
|
|
| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
|
|
| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
|
|
| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
|
|
| domain | founded_year | HQ Location |
Energy-efficient smart lightbulbs are developed by Nanoleaf.
|
|
| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Ignite Energy
Frequently Asked Questions about Ignite Energy
When was Ignite Energy founded?
Ignite Energy was founded in 2009 and raised its 1st funding round 10 years after it was founded.
Where is Ignite Energy located?
Ignite Energy is headquartered in Wantage, United Kingdom.
Is Ignite Energy a funded company?
Ignite Energy is a funded company, having raised a total of $6.06M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $6.06M, raised on Aug 02, 2019.
How many employees does Ignite Energy have?
As of Dec 31, 2021, the latest employee count at Ignite Energy is 76.
What is the annual revenue of Ignite Energy?
Annual revenue of Ignite Energy is $13.79M as on Dec 31, 2020.
What does Ignite Energy do?
Ignite Energy was established in 2009 in Wantage, United Kingdom, within the energy sector. Operations focus on technology-driven services such as data analysis, energy procurement and risk management, implementations for energy savings, colleague engagement initiatives, energy data management, and online reporting. These offerings support clients in optimizing energy use and related processes across various applications.
Who are the top competitors of Ignite Energy?
Ignite Energy's top competitors include ecobee, Particle and Landis+Gyr.
What products or services does Ignite Energy offer?
Ignite Energy offers Energy Procurement & Risk Management, Energy Efficiency Projects, Net Zero Services, and Energy Bill Validation.
Who are Ignite Energy's investors?
Ignite Energy has 1 investor. Key investors include Inspired Energy.