About Ithaca Energy
Ithaca Energy is a company based in Shoreview (United States) founded in 2004 was acquired by The Delek Group in February 2017. It operates as a Direct-to-Consumer (D2C). The company has 800 employees as of December 31, 2024. Ithaca Energy has completed 2 acquisitions, including Siccar Point Energy and Summit Exploration and Production. Ithaca Energy offers products and services including Oil and Gas Production.
- Headquarter Shoreview, United States
- Employees 800 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ithaca Energy Plc
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Annual Revenue
$1.94 B (USD)-16.89as on Dec 31, 2024
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Net Profit
$150.18 M (USD)-49.07as on Dec 31, 2024
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EBITDA
$1.35 B (USD)-20.99as on Dec 31, 2024
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Latest Funding Round
$250 M (USD), Post-IPO
Sep 24, 2019
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Investors
Trafigura
& 1 more
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Employee Count
800
as on Dec 31, 2024
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Investments & Acquisitions
Siccar Point Energy
& 1 more
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Acquired by
The Delek Group
(Feb 06, 2017)
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IPO & Listings of Ithaca Energy
Ithaca Energy is a publicly listed company on the LSE with ticker symbol ITH in UK, operating in the Energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Ithaca Energy
Ithaca Energy offers a comprehensive portfolio of products and services, including Oil and Gas Production. 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.
Oil and gas are produced in North Sea.
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Funding Insights of Ithaca Energy
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $250.0M
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First Round
First Round
(28 Jul 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Post-IPO - Ithaca Energy | Valuation |
investors |
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| Jul, 2010 | Amount | Post-IPO - Ithaca Energy | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ithaca Energy
Ithaca Energy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Trafigura and The Delek Group. 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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Commodity trading and logistics services are provided to global markets.
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Founded Year | Domain | Location | |
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Oil and gas exploration and production company
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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
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Ithaca Energy
Ithaca Energy has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Siccar Point Energy and Summit Exploration and Production. 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
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
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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Exploration and production in the North Sea are conducted.
|
2014 | ||||
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Oil and gas exploration and production activities are conducted globally.
|
2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Ithaca 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ithaca Energy Comparisons
Competitors of Ithaca Energy
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Ithaca Energy
Frequently Asked Questions about Ithaca Energy
When was Ithaca Energy founded?
Ithaca Energy was founded in 2004 and raised its 1st funding round 6 years after it was founded.
Where is Ithaca Energy located?
Ithaca Energy is headquartered in Shoreview, United States. It is registered at Shoreview, Minnesota, United States.
Who is the current CEO of Ithaca Energy?
Les Thomas is the current CEO of Ithaca Energy.
How many employees does Ithaca Energy have?
As of Dec 31, 2024, the latest employee count at Ithaca Energy is 800.
What is the annual revenue of Ithaca Energy?
Annual revenue of Ithaca Energy is $1.94B as on Dec 31, 2024.
What does Ithaca Energy do?
Ithaca Energy is focused on the production of oil and gas in the North Sea region. Operations are conducted with an emphasis on safety, efficiency, and sustainability. The company is committed to meeting the UKs energy needs while supporting decarbonization targets. A portfolio of assets is managed responsibly in collaboration with partners and suppliers. Innovation is embraced to address changing industry demands. The business combination with Eni UK is aimed at creating growth opportunities and enhancing energy security.
What products or services does Ithaca Energy offer?
Ithaca Energy offers Oil and Gas Production.
Is Ithaca Energy publicly traded?
Yes, Ithaca Energy is publicly traded on LSE under the ticker symbol ITH.
How many acquisitions has Ithaca Energy made?
Ithaca Energy has made 2 acquisitions, including Siccar Point Energy, and Summit Exploration and Production.
Who are Ithaca Energy's investors?
Ithaca Energy has 2 investors. Key investors include Trafigura, and The Delek Group.
What is Ithaca Energy's ticker symbol?
The ticker symbol of Ithaca Energy is ITH on LSE.
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