About Provident
Provident is a company based in Concord (Canada) founded in 1985 was acquired by Northleaf in August 2023. It operates as a Managed Services. Provident offers products and services including Metering Services, Energy Management, and Energy Retrofits. Provident operates in a competitive market with competitors including Black Bear Energy, Optimo Light, LightHouse, Architainment Lighting and GreenTech Solutions Group, among others.
- Headquarter Concord, 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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Products & Services of Provident
Provident offers a comprehensive portfolio of products and services, including Metering Services, Energy Management, and Energy Retrofits. 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.
Complete metering and billing solutions are provided for buildings.
Automation systems are offered to save energy in facilities.
Energy assessment and retrofit products are provided for buildings.
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Funding Insights of Provident
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Provident
Provident has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Northleaf. 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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Private fund focused on equity, secondary market, fund of funds, and multiple investments
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Provident
| 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 - Provident
| 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 |
Provident Comparisons
Competitors of Provident
Provident 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 Black Bear Energy, Optimo Light, LightHouse, Architainment Lighting and GreenTech Solutions Group, 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 |
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| domain | founded_year | HQ Location |
Black Bear Energy is recognized as a leading solar and storage buyer's representative for commercial real estate.
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| domain | founded_year | HQ Location |
Intelligent building lighting systems are manufactured and supplied.
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| domain | founded_year | HQ Location |
Provider of LED lighting solutions through a service model. This company offers a Lighting as a Service (LaaS) model, upgrading existing lighting systems to energy-efficient LEDs without upfront client investment. The service includes installation, maintenance, and ongoing monitoring of energy consumption. Clients benefit from reduced electricity bills and eliminated maintenance costs, with savings shared between the client and the provider. The lighting system transfers to client ownership upon contract expiration.
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Provides lighting fixtures, control systems, and project management for design professionals.
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| domain | founded_year | HQ Location |
Offers energy-efficient lighting upgrades and services for industrial and commercial sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Provident
Frequently Asked Questions about Provident
When was Provident founded?
Provident was founded in 1985.
Where is Provident located?
Provident is headquartered in Concord, Canada. It is registered at Concord, Ontario, Canada.
What does Provident do?
Energy services are provided by Provident, specializing in multi-residential facilities. Solutions for metering, billing, and energy management are offered, alongside automation systems to enhance efficiency. Energy retrofits for existing buildings are also included in the portfolio. The company supports owners and tenants with comprehensive energy strategies across Canada.
Who are the top competitors of Provident?
Provident's top competitors include Black Bear Energy, Optimo Light and Greetude Energy.
What products or services does Provident offer?
Provident offers Metering Services, Energy Management, and Energy Retrofits.
Who are Provident's investors?
Provident has 1 investor. Key investors include Northleaf.