About SteamaCo
SteamaCo is a Business Services company based in Manchester (United Kingdom) founded in 2012. It operates as an ioT-enabled off-grid energy monitoring solutions are provided for utilities. It operates in the Business Services, Energy & Utilities, and Technology sectors. SteamaCo has raised $8.82 million across 6 funding rounds from investors including Shell, European Union and Green Investment Group. The company has 29 employees. SteamaCo offers products and services including Nimbus AMI, Aurora AI, ThunderBolt, SunBeam, and Savi Smart Meters. Its focus areas include Energy Tech, Smart Grid, Grid Management and Grid Network Monitoring. Its legal entity is STEAMA COMPANY LIMITED. Its competitors include Particle, Signify, Landis+Gyr, MRI Software and Tibber and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
SteamaCo was founded in 2012 in Manchester, United Kingdom, within the energy utilities sector. IoT-enabled solutions for off-grid energy monitoring are offered, enabling data collection and remote asset control via GSM signals. Operations focus on areas lacking WiFi or facing power disruptions, where industrial hardware is monitored and information is relayed to cloud software. Mobile payments are processed, and numerous installations are managed through a unified online interface.
- Annual Revenue$1.13 M (USD)32as on Dec 31, 2019
- Net Profit-$1.05 M (USD)8as on Dec 31, 2019
- EBITDA-$1.66 M (USD)-42as on Dec 31, 2019
- Total Equity Funding$8.82M (USD)
in 6 rounds
- Latest Funding Round$5M (USD), Series B
Jul 2019
- InvestorsShell
& 6 more
- Employee Count29
Products & Services of SteamaCo
SteamaCo offers a comprehensive portfolio of products and services, including Nimbus AMI, Aurora AI, ThunderBolt, SunBeam, and Savi Smart Meters.
Platform for advanced infrastructure in energy distribution and monitoring.
AI tools for detecting theft and ensuring revenue assurance.
Software for managing utility operations and data visibility.
IoT system for real-time energy usage and transaction tracking.
Smart meters for accurate electricity measurement and reporting.
Funding Insights of SteamaCo
SteamaCo has successfully raised a total of $8.82M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in July 2019. 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 $8.82M
- Total Rounds 6
- Last Round Series B — $5M
- First Round $919,000
(May 2016)
- Investors Count 7
All 6 funding rounds of SteamaCo 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 |
|---|---|---|---|---|---|
| Jul 2019 | $5M | Series B | – | Praetura Ventures, Shell | – |
| Apr 2018 | $60,634 | Grant | – | – | |
| Dec 2017 | $2.9M | Series A | – | Shell | |
| Nov 2017 | $58,140 | Grant | – | – | |
| Jan 2017 | $52,973 | Grant | – | – | |
| May 2016 | $919,000 | Seed | – | ClearlySo | – |
7 investors in total: 7 institutional.
Investors in SteamaCo
SteamaCo has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Shell, European Union and Green Investment Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital funding is provided by Praetura Ventures. | – | praeturaventures.com | Manchester, United Kingdom | |
Government agency and accelerator focusing on innovative startups and SMEs | – | eicfund.eu | Brussels, Belgium | |
Infrastructure funds are focused on green and sustainable energy sectors. | 2012 | greeninvestmentgroup.com | Edinburgh, United Kingdom | |
Shell is recognized as a global energy and petrochemical company. | 1907 | shell.com | London, United Kingdom | |
Promotes climate innovation via awards, grants, and educational initiatives. | 2001 | ashden.org | London, United Kingdom | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Investment banking firm | 2008 | clearlyso.com | London, United Kingdom |
Investor details for SteamaCo
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People of SteamaCo
8 people are tracked at SteamaCo (8 in leadership); the tracked headcount is 29.
| Name | Role | Group |
|---|---|---|
George David Potts | Director | Leadership |
Peter Thomas Gutman | Director | Leadership |
Elungile Mzimba | Managing Director | Leadership |
Tom Parkinson | Managing Director | Leadership |
Jurgen Peter Hornman | Director | Leadership |
Andrew William Michael Reicher | – | Leadership |
Ian Michael Nolan | Director | Leadership |
Christopher Guy Weaver | – | Leadership |
Complete people profiles for SteamaCo
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Timeline of SteamaCo
3 dated milestones of SteamaCo across 7 years, from founding to its latest funding, stage changes and deals.
- Founded SteamaCo is founded.
- Funding First funding round of $919K.
- Funding Latest funding round, Series B, of $5.0M.
Competitors of SteamaCo
SteamaCo has 9 listed competitors in our database, 6 of them funded. They include Particle, Signify, Landis+Gyr, MRI Software and Tibber, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| particle.io | 2011 | San Francisco, United States | $134.87M | 109 | IoT connectivity platform from prototype to production is developed. | |
| signify.com | 1891 | Eindhoven, Netherlands | – | – | Signify is recognized as a global leader in lighting solutions. | |
| landisgyr.com | 1896 | Zug, Switzerland | $1.03B | 996 | End-to-end energy management solutions are provided for utilities worldwide. | |
| mrisoftware.com | 1971 | Solon, United States | $125M | 781 | Property management software is provided for residential and commercial properties. | |
| tibber.com | 2016 | Stockholm, Sweden | $177M | 61 | Provider of solutions for energy monitoring for residential building | |
| powersecure.com | 1991 | Wake Forest, United States | – | 1,030 | Energy efficiency and smart grid management solutions | |
| span.io | 2014 | San Francisco, United States | $255.56M | – | Smart panels for home energy management are provided by Span.IO. | |
| osram.com | 1919 | Munich, Germany | – | 13 | Automotive lighting equipment is manufactured by Osram in Germany. | |
| nanoleaf.me | 2012 | Toronto, Canada | $2.9M | 94 | Energy-efficient smart lightbulbs are developed by Nanoleaf. |
Detailed competitors of SteamaCo
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- Full competitor set
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Web traffic of SteamaCo
The website of SteamaCo (steama.co) receives about 6.1K visits a month.
- Monthly visits6.1K
▲ 43.9% vs previous month
Top companies in Facility Management Platforms
10 companies that operate in the same segment as SteamaCo (Facility Management Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | – | 2,458 | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | – | 463 | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based video intercoms and physical security systems are provided. | 2000 | Tysons, Virginia, United States | USD 137.36 M | USD 1.01 B | 2,009 | |
Provider of interior design, product supply, and project management services for facilities | 2011 | Mumbai, Maharashtra, India | USD 21.3 M | USD 10.46 M | 292 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Corporate workplace and cafeteria digitization solutions are provided. | 2014 | Bengaluru, Karnataka, India | USD 2.24 M | USD 24.03 M | 594 | |
Cloud and app-based facility management and service automation platform | 1999 | New York, New York, United States | USD 54 M | – | – | |
SaaS-based CAFM software is delivered for commercial facility management. | 1995 | Leicester, England, United Kingdom | USD 23.43 M | USD 98.38 M | 774 |
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Related news about Steamaco
Complete news archive for SteamaCo
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Frequently Asked Questions about SteamaCo
SteamaCo was founded in 2012 and raised its 1st funding round 4 years after it was founded.
SteamaCo is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
SteamaCo is a funded company, having raised a total of $8.82M across 6 funding rounds to date. The company's 1st funding round was a Seed of $919K, raised on May 2016.
SteamaCo has 29 employees.
Annual revenue of SteamaCo is $1.13M as on Dec 31, 2019.
SteamaCo was founded in 2012 in Manchester, United Kingdom, within the energy utilities sector. IoT-enabled solutions for off-grid energy monitoring are offered, enabling data collection and remote asset control via GSM signals. Operations focus on areas lacking WiFi or facing power disruptions, where industrial hardware is monitored and information is relayed to cloud software. Mobile payments are processed, and numerous installations are managed through a unified online interface.
SteamaCo's top competitors include Particle, Landis+Gyr and Signify.
SteamaCo offers Nimbus AMI, Aurora AI, ThunderBolt, SunBeam, and Savi Smart Meters.
SteamaCo has 7 investors. Key investors include Shell, European Union, Green Investment Group, ClearlySo, and Praetura Ventures.
SteamaCo operates through Steama Company Limited.