About King Energy
King Energy is a company based in San Luis Obispo (United States) founded in 2002 was acquired by Whitebark Energy in December 2024.. King Energy has raised $13.54 million across 4 funding rounds from investors including Whitebark Energy, ArcTern Ventures and Blackhorn Ventures. King Energy offers products and services including OneBill Software, Solar Installations, and Community Solar Solutions. King Energy operates in a competitive market with competitors including Pionierkraft, Glow Energy and GridShare, among others.
- Headquarter San Luis Obispo, United States
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name King Energy Services 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
$13.54 M (USD)
in 4 rounds
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Latest Funding Round
$10 M (USD), Seed
Oct 21, 2024
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Investors
Whitebark Energy
& 4 more
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Employee Count
Employee Count
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Acquired by
Whitebark Energy
(Dec 23, 2024)
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Products & Services of King Energy
King Energy offers a comprehensive portfolio of products and services, including OneBill Software, Solar Installations, and Community Solar Solutions. 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.
Platform for consolidated energy billing in multi-tenant properties
Rooftop solar setups to provide clean energy to tenants
Shared solar energy programs for broader community benefits
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Funding Insights of King Energy
King Energy has successfully raised a total of $13.54M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $10 million completed in October 2024. 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 4
- Last Round Seed — $10.0M
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First Round
First Round
(15 Dec 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - King Energy | Valuation | ArcTern Ventures | |
| Oct, 2022 | Amount | Seed - King Energy | Valuation | Next Frontier Capital |
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| Jan, 2022 | Amount | Seed - King 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 King Energy
King Energy has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Whitebark Energy, ArcTern Ventures and Blackhorn Ventures. 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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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Tech and offline focused VC firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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Early-stage climate tech companies are supported through investments.
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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 King 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 - King 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 |
King Energy Comparisons
Competitors of King Energy
King 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 Pionierkraft, Glow Energy and GridShare, 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 |
Self-generated solar power is shared among households via a platform.
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| domain | founded_year | HQ Location |
Solar billing software is provided for multifamily energy management.
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| domain | founded_year | HQ Location |
GridShare is engaged in managing shared solar energy parks.
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| 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 King Energy
Frequently Asked Questions about King Energy
When was King Energy founded?
King Energy was founded in 2002 and raised its 1st funding round 19 years after it was founded.
Where is King Energy located?
King Energy is headquartered in San Luis Obispo, United States. It is registered at San Luis Obispo, California, United States.
Is King Energy a funded company?
King Energy is a funded company, having raised a total of $13.54M across 4 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Dec 15, 2021.
What does King Energy do?
King Energy was founded in 2002 and is headquartered in San Luis Obispo, United States. Operations focus on the renewable energy sector, where solar programs are deployed and managed for multi-tenant commercial properties, including shopping centers and office buildings. The OneBill software platform is utilized to provide consolidated monthly energy bills that integrate tenants utility and solar usage data.
Who are the top competitors of King Energy?
King Energy's top competitors include Pionierkraft, Glow Energy and GridShare.
What products or services does King Energy offer?
King Energy offers OneBill Software, Solar Installations, and Community Solar Solutions.
Who are King Energy's investors?
King Energy has 5 investors. Key investors include Whitebark Energy, ArcTern Ventures, Blackhorn Ventures, Active Impact Investments, and Next Frontier Capital.