About Power2Switch
Power2Switch is a company based in Chicago (United States) founded in 2010 was acquired by Choose Energy in September 2013.. Power2Switch has raised $1.58 million across 3 funding rounds from investors including Choose Energy, HPA and Pritzker Group. Power2Switch offers products and services including Energy Comparison Tool, Solar Estimation Service, and Business Energy Plans. Power2Switch operates in a competitive market with competitors including PrePayPower, Love Energy Savings, WattBuy, Clarke Energia and Switchd, among others.
- Headquarter Chicago, United States
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Sectors
Business ServicesEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Power2switch 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
$1.58 M (USD)
in 3 rounds
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Latest Funding Round
$1.3 M (USD), Series A
Dec 05, 2011
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Investors
Choose Energy
& 5 more
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Employee Count
Employee Count
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Acquired by
Choose Energy
(Sep 30, 2013)
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Products & Services of Power2Switch
Power2Switch offers a comprehensive portfolio of products and services, including Energy Comparison Tool, Solar Estimation Service, and Business Energy Plans. 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.
Tool for searching and comparing electricity and gas rates by location.
Service providing free estimates for solar panel costs and savings.
Platform for businesses to compare and select energy providers.
Funding Insights of Power2Switch
Power2Switch has successfully raised a total of $1.58M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.3 million completed in December 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 — $1.3M
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First Round
First Round
(01 Jun 2011)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2011 | Amount | Series A - Power2Switch | Valuation |
investors |
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| Jun, 2011 | Amount | Seed - Power2Switch | Valuation |
investors |
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| Jun, 2011 | Amount | Seed - Power2Switch | Valuation | Excelerate Labs , Pritzker Group |
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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 Power2Switch
Power2Switch has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Choose Energy, HPA and Pritzker 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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Early-stage startups are funded through venture capital investments.
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Founded Year | Domain | Location | |
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Investments in SaaS, marketplace, and middle market companies are managed.
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Founded Year | Domain | Location | |
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Online lottery results for Singapore Pools are facilitated.
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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 Power2Switch
| 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 - Power2Switch
| 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 |
Power2switch Comparisons
Competitors of Power2Switch
Power2Switch 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 Switchd, 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 SaaS-driven utility auto-switching solutions
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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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Frequently Asked Questions about Power2Switch
When was Power2Switch founded?
Power2Switch was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Power2Switch located?
Power2Switch is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Power2Switch a funded company?
Power2Switch is a funded company, having raised a total of $1.58M across 3 funding rounds to date. The company's 1st funding round was a Seed of $75K, raised on Jun 01, 2011.
What does Power2Switch do?
Power2Switch was founded in 2010 in Chicago, United States, and operates within the energy sector. Electricity cost reduction, monitoring, and management solutions are offered to residential and commercial users. A platform is utilized where zip codes are entered to generate lists of providers along with price details. Services focus on facilitating switches between electricity suppliers across various regions.
Who are the top competitors of Power2Switch?
Power2Switch's top competitors include WattBuy, Love Energy Savings and PrePayPower.
What products or services does Power2Switch offer?
Power2Switch offers Energy Comparison Tool, Solar Estimation Service, and Business Energy Plans.
Who are Power2Switch's investors?
Power2Switch has 6 investors. Key investors include Choose Energy, HPA, Pritzker Group, SALJU4D, and OCA Ventures.
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