About ScottishPower
ScottishPower is a company based in Glasgow (United Kingdom) founded in 2013 was acquired by Iberdrola in August 2010.. ScottishPower has raised $25.2 million across 5 funding rounds from investors including Iberdrola, Gov.uk and Race for Life. The company has 5,614 employees as of December 31, 2021. ScottishPower operates in a competitive market with competitors including Octopus Energy, EDP Renewables, Acciona Energy, Boralex and E.ON Energy, among others.
- Headquarter Glasgow, United Kingdom
- Employees 5614 as on 31 Dec, 2021
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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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- Legal Name Scottish Power Limited
- Date of Incorporation 19 Feb, 1999
- Jurisdiction GLASGOW, SCOTLAND
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Software Development Team
94 people
Senior Team
24 people
Data Analysis and Operations Team
16 people
Lead Team
12 people
Leadership Team
12 people
Legal and Compliance
11 people
Creative and Marketing Team
9 people
Product Management Team
6 people
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Funding Insights of ScottishPower
ScottishPower has successfully raised a total of $25.2M across 5 strategic funding rounds. 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 5
- Last Round Last Round
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First Round
First Round
(08 Dec 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2022 | Amount | Grant - ScottishPower | Valuation |
investors |
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| Mar, 2020 | Amount | Grant - ScottishPower | Valuation |
investors |
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| Jan, 2020 | Amount | Grant - ScottishPower | Valuation |
investors |
| 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 |
Investors in ScottishPower
ScottishPower has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Iberdrola, Gov.uk and Race for Life. 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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Online government services and information are provided to users.
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Founded Year | Domain | Location | |
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Race for Life is operated to fundraise for cancer research.
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Founded Year | Domain | Location | |
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Integrated solutions for energy generation and sustainability are provided.
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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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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 ScottishPower
| 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 - ScottishPower
| 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 |
Scottishpower Comparisons
Competitors of ScottishPower
ScottishPower 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 Octopus Energy, EDP Renewables, Acciona Energy, Boralex and E.ON Energy, 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 |
Utility bill management platform is provided for tracking and billing.
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Generation of wind power
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| domain | founded_year | HQ Location |
Renewable energy is developed, constructed, and marketed globally.
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Developer of renewable energy projects
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Renewable energy is produced and supplied, with thermal plants operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Scottishpower
Frequently Asked Questions about ScottishPower
When was ScottishPower founded?
ScottishPower was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is ScottishPower located?
ScottishPower is headquartered in Glasgow, United Kingdom. It is registered at Glasgow, Scotland, United Kingdom.
Who is the current CEO of ScottishPower?
Keith Anderson is the current CEO of ScottishPower.
Is ScottishPower a funded company?
ScottishPower is a funded company, having raised a total of $25.2M across 5 funding rounds to date. The company's 1st funding round was a Grant of $821.16K, raised on Dec 08, 2016.
How many employees does ScottishPower have?
As of Dec 31, 2021, the latest employee count at ScottishPower is 5,614.
What is the annual revenue of ScottishPower?
Annual revenue of ScottishPower is $7.36B as on Dec 31, 2021.
What does ScottishPower do?
ScottishPower, a part of the Iberdrola Group, specializes in the generation, transmission and distribution of wind energy. Companies under ScottishPower include Scottish Power Generation Holdings (SPGHL), Scottish Power Energy Networks Holdings Ltd (SPENHL) and ScottishPower Renewable Energy (SPREL). Develops both onshore and offshore wind farms for the Iberdrola Group. Projects include Wikinger Offshore Windfarm (350MW), East Anglia ONE windfarm (700MW) and many others.
Who are the top competitors of ScottishPower?
ScottishPower's top competitors include Octopus Energy, EDP Renewables and E.ON Energy.
Who are ScottishPower's investors?
ScottishPower has 3 investors. Key investors include Iberdrola, Gov.uk, and Race for Life.
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