About Powerhive
Powerhive is a company based in Nairobi (Kenya) founded in 2011.. Powerhive has raised $34.33 million across 7 funding rounds from investors including Toyota Tsusho, Caterpillar and USAID. The company has 5 employees as of December 31, 2019. Powerhive operates in a competitive market with competitors including Spark Power, GridLab, Standard Microgrid, GI Energy and Syndem, among others.
- Headquarter Nairobi, Kenya
- Employees 5 as on 31 Dec, 2019
-
Sectors
Energy & Utilities
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Powerhive Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$34.33 M (USD)
in 7 rounds
-
Latest Funding Round
$500 K (USD), Series B
Apr 05, 2022
-
Investors
Toyota Tsusho
& 8 more
-
Employee Count
5
as on Dec 31, 2019
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
Funding Insights of Powerhive
Powerhive has successfully raised a total of $34.33M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $500 thousand completed in April 2022. 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 7
- Last Round Series B — $500,000
-
First Round
First Round
(20 Feb 2014)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series B - Powerhive | Valuation |
investors |
|
| Jul, 2019 | Amount | Series B - Powerhive | Valuation | Kouros Investment | |
| May, 2019 | Amount | Series A - Powerhive | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Powerhive
Powerhive has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Toyota Tsusho, Caterpillar and USAID. 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 |
|---|---|---|---|---|
|
Venture capital firm focused on multiple sectors
|
Founded Year | Domain | Location | |
|
Climate companies are invested in by this venture capital firm.
|
Founded Year | Domain | Location | |
|
Kouros is focused on supporting energy transition through investments.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Powerhive
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Powerhive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Powerhive Comparisons
Competitors of Powerhive
Powerhive 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 Spark Power, GridLab, Standard Microgrid, GI Energy and Syndem, 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 |
Project development solutions for microgrid infrastructure are provided.
|
|
| domain | founded_year | HQ Location |
Solutions for smart grid projects are provided by GridLab.
|
|
| domain | founded_year | HQ Location |
Distributed renewable energy is generated and managed for rural areas.
|
|
| domain | founded_year | HQ Location |
Microgrid projects are designed and installed using diverse energy sources.
|
|
| domain | founded_year | HQ Location |
Project development services for microgrid systems are provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Powerhive
Frequently Asked Questions about Powerhive
When was Powerhive founded?
Powerhive was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Powerhive located?
Powerhive is headquartered in Nairobi, Kenya.
Is Powerhive a funded company?
Powerhive is a funded company, having raised a total of $34.33M across 7 funding rounds to date. The company's 1st funding round was a Series A of $1M, raised on Feb 20, 2014.
How many employees does Powerhive have?
As of Dec 31, 2019, the latest employee count at Powerhive is 5.
What does Powerhive do?
Powerhive was founded in 2011 and is headquartered in Nairobi, Kenya. Cloud-based asset intelligence solutions for microgrids are offered by the company within the energy sector. A software platform named Honeycomb is utilized to enable remote monitoring and control of microgrid operations, along with real-time data analytics. These services support distributed energy systems in various regions.
Who are the top competitors of Powerhive?
Powerhive's top competitors include Spark Power, GridLab and Syndem.
Who are Powerhive's investors?
Powerhive has 9 investors. Key investors include Toyota Tsusho, Caterpillar, USAID, Tao Capital Partners, and James Sandler.