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
Locked
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Phone
Locked
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Website
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Social
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- Legal Name Power2switch Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
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.
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Early-stage startups are funded through venture capital investments.
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Investments in SaaS, marketplace, and middle market companies are managed.
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Online lottery results for Singapore Pools are facilitated.
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Investor details for Power2Switch
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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Investments & Acquisitions by Power2Switch
Investment portfolio details for Power2Switch
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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Financial Statements - Power2Switch
Detailed financials for Power2Switch
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- Profit trends
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Power2switch Comparisons
Peer comparison for Power2Switch
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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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.
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Electricity and gas are retailed on a pay-as-you-go basis.
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Utility comparison and switching solutions are offered online.
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Electric price comparison and supplier switching solutions are provided.
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Solutions for electricity monitoring and billing are provided.
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Provider of SaaS-driven utility auto-switching solutions
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Detailed competitors of Power2Switch
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Verified entity values are shown only after access is granted.
Latest news on Power2switch
Complete news archive for Power2Switch
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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.
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, Love Energy Savings and PrePayPower.
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.