About Spot My Energy
Spot My Energy is a company based in United States founded in 2019 by Jochen Schwill.. Spot My Energy has raised $12.72 million across 3 funding rounds from investors including Norrsken VC, Vorwerk Ventures and Picus Capital. Spot My Energy offers products and services including All-In-One Energy Management Solution, Smart Meter, Home Energy Management System, and Dynamic Tariffs. Spot My Energy operates in a competitive market with competitors including Itron, Sense, Iskraemeco, Kimbal and Enedis, among others.
- Headquarter United States
- Founders Jochen Schwill
-
Sectors
Energy & UtilitiesEnvironment
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Spotmyenergy Gmbh
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$12.72 M (USD)
in 3 rounds
-
Latest Funding Round
-
Investors
Norrsken VC
& 3 more
-
Employee Count
Employee Count
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 Spot My Energy
Spot My Energy offers a comprehensive portfolio of products and services, including All-In-One Energy Management Solution, Smart Meter, Home Energy Management System, and Dynamic Tariffs. 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.
Integrated system to measure and optimize home energy use.
Monitors electricity consumption in real-time for cost optimization.
Automates control of power devices to reduce energy costs.
Offers variable rates based on market prices for savings.
Funding Insights of Spot My Energy
Spot My Energy has successfully raised a total of $12.72M across 3 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 3
- Last Round Last Round
-
First Round
First Round
(12 Sep 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Seed - Spot My Energy | Valuation | Junction Growth Investors |
|
| Dec, 2024 | Amount | Seed - Spot My Energy | Valuation | Norrsken VC | |
| Sep, 2023 | Amount | Seed - Spot My Energy | Valuation | Picus 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 Spot My Energy
Spot My Energy has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Norrsken VC, Vorwerk Ventures and Picus Capital. 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 |
|---|---|---|---|---|
|
Impact investments are made in startups addressing global challenges.
|
Founded Year | Domain | Location | |
|
Vorwerk Ventures is engaged in venture capital funding for tech startups.
|
Founded Year | Domain | Location | |
|
Venture capital firm focused on early stage healthcare, renewable energy, real estate, finance, and multiple businesses
|
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 Spot My Energy
| 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 - Spot My Energy
| 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 |
Spot My Energy Comparisons
Competitors of Spot My Energy
Spot My Energy 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 Itron, Sense, Iskraemeco, Kimbal and Enedis, 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 |
Cloud-based end-to-end solutions for smart grids are provided.
|
|
| domain | founded_year | HQ Location |
AI-driven energy monitoring via sensors and mobile apps is provided.
|
|
| domain | founded_year | HQ Location |
AMI products for energy metering are manufactured globally.
|
|
| domain | founded_year | HQ Location |
Provider of advanced metering infrastructure, smart grid automation, and energy management solutions
|
|
| domain | founded_year | HQ Location |
Smart metering solutions are provided for smart grid electricity monitoring.
|
|
| domain | founded_year | HQ Location |
Smart infrastructure solutions are provided to global utilities.
|
| 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 Spot My Energy
Frequently Asked Questions about Spot My Energy
When was Spot My Energy founded?
Spot My Energy was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is Spot My Energy located?
Spot My Energy is headquartered in United States.
Who is the current CEO of Spot My Energy?
Jochen Schwill is the current CEO of Spot My Energy. They have also founded this company.
Is Spot My Energy a funded company?
Spot My Energy is a funded company, having raised a total of $12.72M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.66M, raised on Sep 12, 2023.
What does Spot My Energy do?
Spot My Energy was founded in 2019 in the United States within the energy management sector. Home energy management systems are offered to support energy optimization. Services encompass smart metering, automated systems for home energy control, asset optimization, and energy trading capabilities. Operations focus on integrating these solutions for residential users across the country.
Who are the top competitors of Spot My Energy?
Spot My Energy's top competitors include Sense, Itron and Iskraemeco.
What products or services does Spot My Energy offer?
Spot My Energy offers All-In-One Energy Management Solution, Smart Meter, Home Energy Management System, and Dynamic Tariffs.
Who are Spot My Energy's investors?
Spot My Energy has 4 investors. Key investors include Norrsken VC, Vorwerk Ventures, Picus Capital, and Junction.