About MyEnergy
MyEnergy is a company based in Boston (United States) founded in 2007 was acquired by Nest in May 2013.. MyEnergy has raised $5.66 million across 3 funding rounds from investors including Nest, Cap-E and PJC. MyEnergy operates in a competitive market with competitors including PrePayPower, Love Energy Savings, WattBuy, Clarke Energia and Power2Switch, among others.
- Headquarter Boston, United States
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Sectors
Energy & Utilities
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Phone
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Website
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Social
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Funding Insights of MyEnergy
MyEnergy has successfully raised a total of $5.66M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4.04 million completed in January 2011. 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 3
- Last Round Series A — $4.0M
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First Round
First Round
(09 Sep 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2011 | Amount | Series A - MyEnergy | Valuation |
investors |
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| Nov, 2010 | Amount | Debt – Conventional - MyEnergy | Valuation |
investors |
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| Sep, 2010 | Amount | Seed - MyEnergy | 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 MyEnergy
MyEnergy has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Nest, Cap-E and PJC. 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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US focused early-stage VC firm
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Founded Year | Domain | Location | |
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Seed and early-stage investments in US tech sectors are made.
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Founded Year | Domain | Location | |
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Early-stage climate tech startups are supported with seed capital.
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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 MyEnergy
| 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 - MyEnergy
| 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 |
Myenergy Comparisons
Competitors of MyEnergy
MyEnergy 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 PrePayPower, Love Energy Savings, WattBuy, Clarke Energia and Power2Switch, 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 |
Electricity and gas are retailed on a pay-as-you-go basis.
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| domain | founded_year | HQ Location |
Utility comparison and switching solutions are offered online.
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| domain | founded_year | HQ Location |
Electric price comparison and supplier switching solutions are provided.
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| domain | founded_year | HQ Location |
Solutions for electricity monitoring and billing are provided.
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| domain | founded_year | HQ Location |
Provider of electricity switching and comparison solutions for residential and commercial customers
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| domain | founded_year | HQ Location |
Provider of SaaS-driven utility auto-switching solutions
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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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Frequently Asked Questions about MyEnergy
When was MyEnergy founded?
MyEnergy was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Where is MyEnergy located?
MyEnergy is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is MyEnergy a funded company?
MyEnergy is a funded company, having raised a total of $5.66M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.62M, raised on Sep 09, 2010.
What does MyEnergy do?
Provider of solutions to help consumers to switch electricity suppliers. The company provides home energy assessment by comparing the customer bills for households and a customer engagement program for electric, gas, and water utilities. The solution also provides users with information and tools needed to monitor and reduce home energy bills.
Who are the top competitors of MyEnergy?
MyEnergy's top competitors include WattBuy, Love Energy Savings and PrePayPower.
Who are MyEnergy's investors?
MyEnergy has 4 investors. Key investors include Nest, Cap-E, PJC, and Clean Energy Venture Group.
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