About Sitigrid
Sitigrid is a company based in London (United Kingdom) founded in 2019 by Emmanuel Igbinovia.. Sitigrid has raised $594.26 thousand across 2 funding rounds. The company has 3 employees as of January 31, 2022. Sitigrid offers products and services including Peer-to-Peer Electricity and Microgrids. Sitigrid operates in a competitive market with competitors including Enmacc, BritNed, Fendahl, Exnaton and Open Energy Market, among others.
- Headquarter London, United Kingdom
- Employees 3 as on 31 Jan, 2022
- Founders Emmanuel Igbinovia
- Stage Minicorn
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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 Sitigrid Ltd
- Date of Incorporation 12 Dec, 2019
- Jurisdiction BOLTON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$594.26 K (USD)
in 2 rounds
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Latest Funding Round
$173.05 K (USD), Seed
Sep 15, 2021
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Investors
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Employee Count
3
as on Jan 31, 2022
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Products & Services of Sitigrid
Sitigrid offers a comprehensive portfolio of products and services, including Peer-to-Peer Electricity and Microgrids. 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.
Enables cost-saving green energy for suppliers and customers.
Supports clean local energy for developments and communities.
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Funding Insights of Sitigrid
Sitigrid has successfully raised a total of $594.26K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $173.05 thousand completed in September 2021. 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 2
- Last Round Seed — $173,050
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First Round
First Round
(30 Oct 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - Sitigrid | Valuation |
investors |
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| Oct, 2020 | Amount | Seed - Sitigrid | 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Sitigrid
| 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 - Sitigrid
| 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 |
Sitigrid Comparisons
Competitors of Sitigrid
Sitigrid 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 Enmacc, BritNed, Fendahl, Exnaton and Open Energy Market, 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 |
OTC energy trading platform for investors
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| domain | founded_year | HQ Location |
BritNed is operated as an electricity interconnector between Great Britain and the Netherlands.
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| domain | founded_year | HQ Location |
Offers CTRM software solutions for global commodity trading organizations.
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| domain | founded_year | HQ Location |
AI SaaS platform for energy providers managing dynamic tariffs and EV charging.
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| domain | founded_year | HQ Location |
Energy buying platform
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| domain | founded_year | HQ Location |
Online energy commodity exchange solutions are provided to market participants.
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| 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 Sitigrid
When was Sitigrid founded?
Sitigrid was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Sitigrid located?
Sitigrid is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Sitigrid?
Jeff Whittingham is the current CEO of Sitigrid.
Is Sitigrid a funded company?
Sitigrid is a funded company, having raised a total of $594.26K across 2 funding rounds to date. The company's 1st funding round was a Seed of $421.21K, raised on Oct 30, 2020.
How many employees does Sitigrid have?
As of Jan 31, 2022, the latest employee count at Sitigrid is 3.
What does Sitigrid do?
Sitigrid was founded in 2019 and is based in London, United Kingdom. Operations focus on the energy sector, where AI-driven platforms facilitate peer-to-peer trading of surplus electricity. S-Chain technology is utilized to establish local markets, with smart contracts enabling secure transactions and automated settlements on open platforms.
Who are the top competitors of Sitigrid?
What products or services does Sitigrid offer?
Sitigrid offers Peer-to-Peer Electricity and Microgrids.
What is Sitigrid's valuation?
The valuation of Sitigrid is $4.65M as of Sep 2021.
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