About Progress Energy
Progress Energy Canada was established in 1997 and is based in Calgary, Canada. Operations are centered on the energy sector, with natural gas exploration and production conducted primarily in Northwest Alberta and Northeast British Columbia. Resources in these regions are targeted to support output, while the company maintains a presence in upstream activities without diversification into other fuels or services.
- Headquarter Calgary, Canada
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$360.02 M (USD), Post-IPO
Mar 02, 2011
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Investors
CPP Investments
& 1 more
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Employee Count
Employee Count
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Acquired by
PETRONAS
(Jun 28, 2012)
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Funding Insights of Progress Energy
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $360.0M
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First Round
First Round
(03 Oct 2002)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2011 | Amount | Post-IPO - Progress Energy | Valuation |
investors |
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| Feb, 2010 | Amount | Post-IPO - Progress Energy | Valuation |
investors |
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| Oct, 2009 | Amount | Post-IPO - Progress Energy | Valuation |
investors |
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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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Progress Energy
Progress Energy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include CPP Investments and PETRONAS. 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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Pension fund assets are managed for sustainable long-term growth.
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Founded Year | Domain | Location | |
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Oil and gas exploration and production services are provided globally.
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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
|
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 Progress Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 - Progress Energy
| 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 |
Progress Energy Comparisons
Competitors of Progress Energy
| 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 Progress Energy
When was Progress Energy founded?
Progress Energy was founded in 1997 and raised its 1st funding round 5 years after it was founded.
Where is Progress Energy located?
Progress Energy is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
What does Progress Energy do?
Progress Energy Canada was established in 1997 and is based in Calgary, Canada. Operations are centered on the energy sector, with natural gas exploration and production conducted primarily in Northwest Alberta and Northeast British Columbia. Resources in these regions are targeted to support output, while the company maintains a presence in upstream activities without diversification into other fuels or services.
Who are Progress Energy's investors?
Progress Energy has 2 investors. Key investors include CPP Investments, and PETRONAS.
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