About Power2Switch
Power2Switch is a Business Services company based in Chicago (United States) founded in 2010, and was acquired by Choose Energy in September 2013. Provider of electricity switching and comparison solutions for residential and commercial customers. It operates in the Business Services and Energy & Utilities sectors. 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. Its focus areas include Energy Tech, Energy Efficiency Tech, ESCO and Utility Comparison and Switching. Its legal entity is Power2Switch Inc. Its competitors include WattBuy and Choose Energy; 2 of its 2 listed competitors have raised funding.
Company details
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.
- Headquarters Chicago, United States
- Stage Acquired
- SectorsBusiness ServicesEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website power2switch.com
- Social LinkedIn X Facebook
- Acquired by Choose Energy (Sep 2013)
- Legal Name Power2switch Inc
- Total Equity Funding$1.58M (USD)
in 3 rounds
- Latest Funding Round$1.3M (USD), Series A
Dec 2011
- InvestorsChoose Energy
& 5 more
- Acquired byChoose Energy
(Sep 2013)
Products & Services of Power2Switch
Power2Switch offers a comprehensive portfolio of products and services, including Energy Comparison Tool, Solar Estimation Service, and Business Energy Plans.
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 $1.58M
- Total Rounds 3
- Last Round Series A — $1.3M
- First Round $75,000
(Jun 2011)
- Investors Count 5
All 3 funding rounds of Power2Switch with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2011 | $1.3M | Series A | – | – | |
| Jun 2011 | $200,000 | Seed | – | – | – |
| Jun 2011 | $75,000 | Seed | – | Excelerate Labs, Pritzker Group | – |
6 investors in total: 6 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are funded through venture capital investments. | hpa.vc | Chicago, United States | ||
Investments in SaaS, marketplace, and middle market companies are managed. | pritzkergroup.com | Chicago, United States | ||
Online lottery results for Singapore Pools are facilitated. | i2afund.com | Chicago, United States | ||
Seed and early-stage US venture capital investments are managed. | ocaventures.com | Chicago, United States | ||
Startups are accelerated through a 13-week program in Chicago. | exceleratelabs.com | Chicago, United States | ||
Energy comparisons are facilitated via an online marketplace. | 2008 | chooseenergy.com | San Francisco, United States |
Investor details for Power2Switch
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Power2Switch
4 dated milestones of Power2Switch across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Power2Switch is founded.
- Funding First funding round of $75K.
- Funding Latest funding round, Series A, of $1.3M.
- Exit Acquired by Choose Energy.
Competitors of Power2Switch
Power2Switch has 2 listed competitors in our database, 2 of them funded. They include WattBuy and Choose Energy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wattbuy.com | 2017 | Texas, United States | $16.75M | 13 | Electric price comparison and supplier switching solutions are provided. | |
| chooseenergy.com | 2008 | San Francisco, United States | $25.7M | Energy comparisons are facilitated via an online marketplace. |
Detailed competitors of Power2Switch
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Power2Switch
Websites that share an audience with Power2Switch (power2switch.com).
Websites whose visitors overlap most with Power2Switch. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| chooseenergy.com | 100% | 74.4K | #406,787 | View details | |
| nordicenergy-us.com | 99% | 15K | #1,314,302 | View details | |
electricrate.com | electricrate.com | 98% | #2,301,825 | – | |
vaultelectricity.com | vaultelectricity.com | 89% | #3,759,883 | – | |
mytruecost.com | mytruecost.com | 85% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for Power2Switch
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 12 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Facility Management Platforms
3 companies that operate in the same segment as Power2Switch (Facility Management Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | 2,458 | ||
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | 463 | ||
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | 109 |
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Frequently Asked Questions about Power2Switch
Power2Switch was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Power2Switch is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
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 2011.
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.
Power2Switch's top competitors include WattBuy and Choose Energy.
Power2Switch offers Energy Comparison Tool, Solar Estimation Service, and Business Energy Plans.
Power2Switch has 6 investors. Key investors include Choose Energy, HPA, Pritzker Group, SALJU4D, and OCA Ventures.
Power2Switch operates through Power2switch Inc.
Yes. Power2Switch was acquired by Choose Energy in September 2013.