About PECO
PECO Energy, a subsidiary of Exelon Corporation, is operating as a utility company, providing electricity and natural gas to residential and commercial customers in Pennsylvania. Offers an online platform to customers to manage their account, generate the online bills, report outage, pay bills, view consumption data, and others. Serving through the supply of electricity to 1.6 million customers and natural gas to 511K customers in southeastern Pennsylvania. Also, offers smart energy services through an energy audit, energy usage data tool, and other proprietary products like smart meters, Peco smart AC saver thermostat, and many others. Holds an online marketplace where customers can buy energy-efficient products like lights, thermostat, multi-sensing power strip, and many others.
- Headquarter Philadelphia, 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
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- Legal Name Maine Potato Growers, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$200 M (USD), Grant
Dec 24, 2009
- Investors
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Employee Count
Employee Count
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Funding Insights of PECO
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $200.0M
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First Round
First Round
(24 Dec 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2009 | Amount | Grant - PECO | Valuation |
investors |
| 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 PECO
PECO has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include OSTI.GOV. 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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Scientific and technical information is managed and disseminated by OSTI.GOV.
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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 PECO
| 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 - PECO
| 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 |
Peco Comparisons
Competitors of PECO
| 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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Frequently Asked Questions about PECO
When was PECO founded?
PECO was founded in 1881 and raised its 1st funding round 128 years after it was founded.
Where is PECO located?
PECO is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Who is the current CEO of PECO?
Mike Innocenzo is the current CEO of PECO.
What does PECO do?
PECO Energy, a subsidiary of Exelon Corporation, is operating as a utility company, providing electricity and natural gas to residential and commercial customers in Pennsylvania. Offers an online platform to customers to manage their account, generate the online bills, report outage, pay bills, view consumption data, and others. Serving through the supply of electricity to 1.6 million customers and natural gas to 511K customers in southeastern Pennsylvania. Also, offers smart energy services through an energy audit, energy usage data tool, and other proprietary products like smart meters, Peco smart AC saver thermostat, and many others. Holds an online marketplace where customers can buy energy-efficient products like lights, thermostat, multi-sensing power strip, and many others.
Who are PECO's investors?
PECO has 1 investor. Key investors include OSTI.GOV.