About Solstice
Solstice is a company based in Boston (United States) founded in 2016 was acquired by MyPower Corp in October 2022.. Solstice has raised $7.42 million across 9 funding rounds from investors including MassCEC, Techstars and American Family Insurance Institute for Corporate and Social Impact. Solstice operates in a competitive market with competitors including Octopus Energy, NextEra Energy, Fortum, Cypress Creek Renewables and Neoen, among others.
- Headquarter Boston, United States
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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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Total Equity Funding
$7.42 M (USD)
in 9 rounds
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Latest Funding Round
$3.1 M (USD), Seed
Jan 15, 2021
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Investors
MassCEC
& 14 more
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Employee Count
Employee Count
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Acquired by
MyPower Corp
(Oct 12, 2022)
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Funding Insights of Solstice
Solstice has successfully raised a total of $7.42M across 9 strategic funding rounds. The most recent funding activity was a Seed round of $3.1 million completed in January 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 9
- Last Round Seed — $3.1M
- First Round First Round
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Seed - Solstice | Valuation | TotalEnergies Carbon Neutrality Ventures | |
| Oct, 2020 | Amount | Seed - Solstice | Valuation | MassCEC |
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| Aug, 2020 | Amount | Debt – Conventional - Solstice | 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 |
Investors in Solstice
Solstice has secured backing from 15 investors, including venture fund investors. Prominent investors backing the company include MassCEC, Techstars and American Family Insurance Institute for Corporate and Social Impact. 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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Founded Year | Domain | Location | |
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Accelerator & incubator focused on clean energy firms
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Founded Year | Domain | Location | |
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Early-stage climate tech companies are supported through 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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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 Solstice
| 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 - Solstice
| 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 |
Solstice Comparisons
Competitors of Solstice
Solstice 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, NextEra Energy, Fortum, Cypress Creek Renewables and Neoen, 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 |
Utility bill management platform is provided for tracking and billing.
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| domain | founded_year | HQ Location |
Developer of energy solutions
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| domain | founded_year | HQ Location |
Clean energy solutions for generation, retail, and heating are provided.
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| domain | founded_year | HQ Location |
Solar farms are owned, developed, and financed in the USA.
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| domain | founded_year | HQ Location |
Renewable energy is generated in solar, wind, and biomass sectors.
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| domain | founded_year | HQ Location |
Utility-scale renewable energy generation and decarbonization solutions are provided.
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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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| 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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Latest news on Solstice
Frequently Asked Questions about Solstice
When was Solstice founded?
Solstice was founded in 2016.
Where is Solstice located?
Solstice is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Solstice a funded company?
Solstice is a funded company, having raised a total of $7.42M across 9 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $3.13M, raised on Nov 02, 2016.
What does Solstice do?
Solstice was founded in 2016 in Boston, United States, operating in the renewable energy sector focused on community solar. Partnerships are formed with organizations like schools, workplaces, and houses of worship to host solar gardens, enabling subscriptions from their members. Financing and installation are coordinated with developers, followed by the design, marketing, and administration of subscription programs that deliver utility bill credits to participating households.
Who are the top competitors of Solstice?
Solstice's top competitors include Octopus Energy, NextEra Energy and Neoen.
Who are Solstice's investors?
Solstice has 15 investors. Key investors include MassCEC, Techstars, American Family Insurance Institute for Corporate and Social Impact, Active Impact Investments, and Gratitude Railroad.
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