About Smarter Grid Solutions
Smarter Grid Solutions is an Energy & Utilities company based in Glasgow (United Kingdom) founded in 2008, and was acquired by Mitsubishi Electric in August 2021. Provider of DERMS software to utilities. Smarter Grid Solutions has raised $4.8 million across 5 funding rounds from investors including Mitsubishi Electric, Scottish Enterprise and Maven Capital Partners. The company has 67 employees. Smarter Grid Solutions offers products and services including DERMS Software and Consultancy Solutions. Its focus areas include Energy Tech, Smart Grid, Distributed Energy Resources and DERs Management. Its legal entity is SMARTER GRID SOLUTIONS LIMITED.
Company details
Smarter Grid Solutions was founded in 2008 in Glasgow, United Kingdom. Operations focus on the energy sector, where software solutions are delivered to utilities for managing distributed energy resources (DER). Integration, control, and optimization of DER are enabled through products such as Strata Grid, Strata Resilience for microgrid management, Cirrus Flex for asset connections, and Element Grid for real-time monitoring. Services support utilities across various DER scales and types.
- Headquarters Glasgow, United Kingdom
- Employees 67
- Stage Acquired
- SectorsEnergy & Utilities
- Website smartergridsolutions.com
- Social LinkedIn X Facebook
- Acquired by Mitsubishi Electric (Aug 2021)
- Legal Name Smarter Grid Solutions Limited
- Date of Incorporation 20 Jun, 2008
- Jurisdiction GLASGOW, SCOTLAND
- Annual Revenue$9.48 M (USD)21as on Mar 31, 2019
- Net Profit-$943.88 K (USD)51as on Mar 31, 2019
- Total Equity Funding$4.8M (USD)
in 5 rounds
- Latest Funding Round$1.04M (USD), Grant
Nov 2015
- InvestorsMitsubishi Electric
& 6 more
- Employee Count67
- Acquired byMitsubishi Electric
(Aug 2021)
Products & Services of Smarter Grid Solutions
Smarter Grid Solutions offers a comprehensive portfolio of products and services, including DERMS Software and Consultancy Solutions.
Software for optimizing distributed energy resources and grids.
Expert guidance on clean energy goals and challenges.
Funding Insights of Smarter Grid Solutions
Smarter Grid Solutions has successfully raised a total of $4.8M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $1.04 million completed in November 2015. 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 $4.8M
- Total Rounds 5
- Last Round Grant — $1.04M
- First Round $4.8M
(Jan 2013)
- Investors Count 5
All 5 funding rounds of Smarter Grid Solutions with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2015 | $1.04M | Grant | – | – | |
| Oct 2015 | $55,006 | Grant | – | – | |
| Aug 2015 | $2.3M | Debt – Venture | – | – | |
| Jul 2015 | $78,015 | Grant | – | – | |
| Jan 2013 | $4.8M | Series A | – | – |
7 investors in total: 7 institutional.
Investors in Smarter Grid Solutions
Smarter Grid Solutions has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Mitsubishi Electric, Scottish Enterprise and Maven Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency and accelerator focusing on innovative startups and SMEs | eicfund.eu | Brussels, Belgium | ||
Multiple sectors are targeted for private equity investments. | 2005 | mavencp.com | Birmingham, United Kingdom | |
Venture capital firm focused on tech companies | sep.co.uk | London, United Kingdom | ||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Business development and leadership training programs are offered to companies. | 1991 | scottish-enterprise.com | Glasgow, United Kingdom | |
Industrial automation, power systems, and semiconductors are manufactured globally. | 1921 | mitsubishielectric.com | Chiyoda City, Japan | |
Infrastructure solutions for power, transportation, and display industries are provided. | 1985 | meppi.com |
Investor details for Smarter Grid Solutions
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Smarter Grid Solutions
40 people are tracked at Smarter Grid Solutions (7 in leadership, 33 in team); the tracked headcount is 67.
| Name | Role | Group |
|---|---|---|
Robert MacDonald | Executive Vice President - Consultancy And UK Sales | Leadership |
Alastair Newens | UK Business Development Director | Leadership |
Liam MacIsaac | Chief Architect | Leadership |
Iain Smith | Director Of Software Engineering | Leadership |
Euan Davidson | Chief Technology Officer | Leadership |
Stuart McGhie | CFO | Leadership |
Nicola Menzies | Director Of People | Leadership |
Gustavo Himeno | R&d Engineer | Team |
Jamie Corr | Software Developer | Team |
Michael Hird | Junior Software Developer | Team |
Gordon MacRae | Software Engineer | Team |
Craig P. | Software Developer | Team |
Conor Walker | Software Engineer (mid-level) | Team |
Alan Lucas | Tech Lead Engineer | Team |
Andy Teasdale | Principal Architect | Team |
Caitlan Campbell | People Advisor | Team |
Philip Tyler | Data Architect | Team |
Martin McDonagh | Junior Software Engineer | Team |
David Damer | Technical Lead | Team |
Dylan Clark | Senior Devops Engineer | Team |
20 more people are available in the full profile.
Complete people profiles for Smarter Grid Solutions
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Smarter Grid Solutions
4 dated milestones of Smarter Grid Solutions across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Smarter Grid Solutions is founded.
- Funding First funding round of $4.8M.
- Funding Latest funding round, Grant, of $1.0M.
- Exit Acquired by Mitsubishi Electric.
Web traffic of Smarter Grid Solutions
The website of Smarter Grid Solutions (smartergridsolutions.com) receives about 2K visits a month.
- Monthly visits2K
▲ 57.2% vs previous month
Websites whose visitors overlap most with Smarter Grid Solutions. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| enermech.com | 100% | 11.5K | #2,291,474 | View details |
Top companies in Smart Grid & Transmission Systems
3 companies that operate in the same segment as Smarter Grid Solutions (Smart Grid & Transmission Systems) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Renewable energy is supplied via app-based platform by OVO Energy. | 2009 | Bristol, England, United Kingdom | USD 257.69 M | USD 1.25 B | 3,191 | |
Distributed energy grids are provided for clean electricity and utilities. | 2010 | London, England, United Kingdom | USD 130.7 M |
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Related news about Smarter Grid Solutions
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Frequently Asked Questions about Smarter Grid Solutions
Smarter Grid Solutions was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Smarter Grid Solutions is headquartered in Glasgow, United Kingdom. It is registered at Glasgow, Scotland, United Kingdom.
Smarter Grid Solutions is a funded company, having raised a total of $4.8M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4.8M, raised on Jan 2013.
Smarter Grid Solutions has 67 employees.
Annual revenue of Smarter Grid Solutions is $9.48M as on Mar 31, 2019.
Smarter Grid Solutions was founded in 2008 in Glasgow, United Kingdom. Operations focus on the energy sector, where software solutions are delivered to utilities for managing distributed energy resources (DER). Integration, control, and optimization of DER are enabled through products such as Strata Grid, Strata Resilience for microgrid management, Cirrus Flex for asset connections, and Element Grid for real-time monitoring. Services support utilities across various DER scales and types.
Smarter Grid Solutions offers DERMS Software and Consultancy Solutions.
Smarter Grid Solutions has 7 investors. Key investors include Mitsubishi Electric, Scottish Enterprise, Maven Capital Partners, European Union, and EIC Fund.
Smarter Grid Solutions operates through Smarter Grid Solutions Limited.
Yes. Smarter Grid Solutions was acquired by Mitsubishi Electric in August 2021.