About SparkMeter
SparkMeter is a company founded in 2013 by Nai Phasay, Allison Archambault, and Daniel Schnitzer.. SparkMeter has raised $41.58 million across 7 funding rounds from investors including Honeywell, Accurant International and Breakthrough Energy. The company has 14 employees as of December 31, 2022. SparkMeter offers products and services including GridScan, GridFin, Koios Cloud Software, SparkNet RF Mesh, and Praxis Data Platform. SparkMeter operates in a competitive market with competitors including Particle, Signify, Landis+Gyr, Span.IO and PowerSecure, among others.
- Employees 14 as on 31 Dec, 2022
- Founders Nai Phasay, Allison Archambault, Daniel Schnitzer
-
Sectors
Business ServicesEnergy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Sparkmeter, Inc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$41.58 M (USD)
in 7 rounds
-
Latest Funding Round
$5 M (USD), Series A
Nov 30, 2023
-
Investors
Honeywell
& 8 more
-
Employee Count
14
as on Dec 31, 2022
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of SparkMeter
SparkMeter offers a comprehensive portfolio of products and services, including GridScan, GridFin, Koios Cloud Software, SparkNet RF Mesh, and Praxis Data Platform. 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.
Provides visibility into utility distribution systems for operational insights.
Helps utilities manage grid financial outcomes and audit bills.
Offers integrated solutions for billing, payments, and customer management.
Delivers cost-effective metering hardware with mesh network capabilities.
Enables data integration for utility insights and decision-making processes.
Unlock access to complete
Unlock access to complete
Funding Insights of SparkMeter
SparkMeter has successfully raised a total of $41.58M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in November 2023. 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 7
- Last Round Series A — $5.0M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series A - SparkMeter | Valuation |
investors |
|
| Mar, 2022 | Amount | Series A - SparkMeter | Valuation | Accurant International | |
| Jun, 2021 | Amount | Series A - SparkMeter | Valuation | Climate Capital |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SparkMeter
SparkMeter has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Honeywell, Accurant International and Breakthrough Energy. 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 |
|---|---|---|---|---|
|
Private equity firm focused on utility industry, renewable energy technology, industrial energy management, and renewable storage
|
Founded Year | Domain | Location | |
|
Climate solutions are advanced via venture capital and startup acceleration.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by SparkMeter
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - SparkMeter
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sparkmeter Comparisons
Competitors of SparkMeter
SparkMeter 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 Particle, Signify, Landis+Gyr, Span.IO and PowerSecure, 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 |
IoT connectivity platform from prototype to production is developed.
|
|
| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
|
|
| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
|
|
| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
|
|
| domain | founded_year | HQ Location |
Energy efficiency and smart grid management solutions
|
|
| domain | founded_year | HQ Location |
Automotive lighting equipment is manufactured by Osram in Germany.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Sparkmeter
Frequently Asked Questions about SparkMeter
When was SparkMeter founded?
SparkMeter was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Who is the current CEO of SparkMeter?
Daniel Schnitzer is the current CEO of SparkMeter. They have also founded this company.
Is SparkMeter a funded company?
SparkMeter is a funded company, having raised a total of $41.58M across 7 funding rounds to date.
How many employees does SparkMeter have?
As of Dec 31, 2022, the latest employee count at SparkMeter is 14.
What does SparkMeter do?
SparkMeter was founded in 2013 as a provider of cloud-based digital meters focused on electricity consumption in developing countries. Smart meters are supplied to utilities serving low-income customers, enabling pre-payment options and real-time monitoring of microgrids and central grids. Product lines include single-phase DIN-rail meters, three-phase IEC meters, customer interface units such as SM200E and SM16R, and associated cloud software for data management.
Who are the top competitors of SparkMeter?
SparkMeter's top competitors include Particle, Landis+Gyr and Signify.
What products or services does SparkMeter offer?
SparkMeter offers GridScan, GridFin, Koios Cloud Software, SparkNet RF Mesh, and Praxis Data Platform.
Who are SparkMeter's investors?
SparkMeter has 9 investors. Key investors include Honeywell, Accurant International, Breakthrough Energy, Clean Energy Ventures, and Climate Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.