About Phoenix Energy Technologies
Phoenix Energy Technologies is a company based in Irvine (United States) founded in 2004 was acquired by Duke Energy in October 2015.. Phoenix Energy Technologies has raised $17 million across 3 funding rounds from investors including Duke Energy, Energy Innovation Capital and Spring Lake Equity Partners. The company has 85 employees as of December 31, 2022. Phoenix Energy Technologies offers products and services including EnterpriseDX® Platform, Building View™, Demand Manager™, Carbon Manager®, and Alarm Manager®. Phoenix Energy Technologies operates in a competitive market with competitors including Particle, ecobee, MRI Software, Signify and Landis+Gyr, among others.
- Headquarter Irvine, United States
- Employees 85 as on 31 Dec, 2022
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Sectors
Business ServicesEnergy & Utilities Real Estate & Construction Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Phoenix Energy Technologies, 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
$17 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Duke Energy
& 5 more
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Employee Count
85
as on Dec 31, 2022
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Acquired by
Duke Energy
(Oct 22, 2015)
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Products & Services of Phoenix Energy Technologies
Phoenix Energy Technologies offers a comprehensive portfolio of products and services, including EnterpriseDX® Platform, Building View™, Demand Manager™, Carbon Manager®, and Alarm Manager®. 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 consolidates data for building efficiency and proactive analytics.
Tool streamlines building systems for energy savings and work prioritization.
Adjusts systems to modify conditions and enhance energy conservation.
Evaluates Scope 2 emissions and compares data for sustainability insights.
Monitors threats and manages alarms for efficient building response.
Funding Insights of Phoenix Energy Technologies
Phoenix Energy Technologies has successfully raised a total of $17M across 3 strategic funding rounds. 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 Last Round
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First Round
First Round
(30 Apr 2012)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Private Equity Round - Phoenix Energy Technologies | Valuation | Energy Innovation Capital , Spring Lake Equity Partners |
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| Oct, 2017 | Amount | Private Equity Round - Phoenix Energy Technologies | Valuation | Deerfield |
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| Apr, 2012 | Amount | Private Equity Round - Phoenix Energy Technologies | Valuation | Bluff Point Associates , Five Peaks Capital Management |
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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 Phoenix Energy Technologies
Phoenix Energy Technologies has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Duke Energy, Energy Innovation Capital and Spring Lake Equity Partners. 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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Growth-stage energy sector focused venture capital firm investing primarily in the US
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Healthcare ecosystem is supported through investment and innovation by Deerfield.
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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 Phoenix Energy Technologies
| 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 - Phoenix Energy Technologies
| 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 |
Phoenix Energy Technologies Comparisons
Competitors of Phoenix Energy Technologies
Phoenix Energy Technologies 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, Signify and Landis+Gyr, 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.
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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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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Latest news on Phoenix Energy Technologies
Frequently Asked Questions about Phoenix Energy Technologies
When was Phoenix Energy Technologies founded?
Phoenix Energy Technologies was founded in 2004 and raised its 1st funding round 8 years after it was founded.
Where is Phoenix Energy Technologies located?
Phoenix Energy Technologies is headquartered in Irvine, United States. It is registered at Irvine, California, United States.
Is Phoenix Energy Technologies a funded company?
Phoenix Energy Technologies is a funded company, having raised a total of $17M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $5M, raised on Apr 30, 2012.
How many employees does Phoenix Energy Technologies have?
As of Dec 31, 2022, the latest employee count at Phoenix Energy Technologies is 85.
What does Phoenix Energy Technologies do?
Phoenix Energy Technologies provides Enterprise Energy Management (EEM) Software and Enterprise Energy Management Services. It provides software-as-a-service approach, which requires no new hardware and no on-site installation. Their product EnterpriseDX is a core monitoring and control software platform which is an energy monitoring tool with auto commanding capabilities back to the building control. Their services include proactive analytics team, who offer savings opportunities at the equipment level and EMS monitoring team, who provide help desk services to stores and vendors to cover store issues, emergency issues, equipment failures and store openings.
Who are the top competitors of Phoenix Energy Technologies?
Phoenix Energy Technologies's top competitors include ecobee, Particle and Landis+Gyr.
What products or services does Phoenix Energy Technologies offer?
Phoenix Energy Technologies offers EnterpriseDX® Platform, Building View™, Demand Manager™, Carbon Manager®, and Alarm Manager®.
Who are Phoenix Energy Technologies's investors?
Phoenix Energy Technologies has 6 investors. Key investors include Duke Energy, Energy Innovation Capital, Spring Lake Equity Partners, Deerfield, and Bluff Point Associates.