About Tibber
Tibber is a company based in Stockholm (Sweden) founded in 2016 by Edgeir Aksnes and Daniel Linden.. Tibber has raised $177 million across 4 funding rounds from investors including Nordea, Schibsted Media Group and Balderton Capital. The company has 61 employees as of December 31, 2022. Tibber operates in a competitive market with competitors including Danfoss, Landis+Gyr, MRI Software, Savant Systems and Span.IO, among others.
- Headquarter Stockholm, Sweden
- Employees 61 as on 31 Dec, 2022
- Founders Edgeir Aksnes, Daniel Linden
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Sectors
Business ServicesEnergy & Utilities Real Estate & Construction Technology
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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
$177 M (USD)
in 4 rounds
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Latest Funding Round
$100 M (USD), Series C
Mar 10, 2022
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Investors
Nordea
& 8 more
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Employee Count
61
as on Dec 31, 2022
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Funding Insights of Tibber
Tibber has successfully raised a total of $177M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $100 million completed in March 2022. 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 4
- Last Round Series C — $100.0M
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First Round
First Round
(19 Mar 2019)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series C - Tibber | Valuation | Summa Equity | |
| Nov, 2020 | Amount | Debt – Conventional - Tibber | Valuation |
investors |
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| Nov, 2020 | Amount | Series B - Tibber | Valuation | Eight Roads Ventures , Balderton Capital |
| 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 Tibber
Tibber has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Nordea, Schibsted Media Group and Balderton 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 |
|---|---|---|---|---|
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Summa Equity is focused on thematic and impact investments.
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Founded Year | Domain | Location | |
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Multistage venture capital investments are focused on technology sectors.
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Founded Year | Domain | Location | |
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Venture capital investment and global platform support for startups.
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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 Tibber
| 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 - Tibber
| 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 |
Tibber Comparisons
Competitors of Tibber
Tibber 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 Danfoss, Landis+Gyr, MRI Software, Savant Systems and Span.IO, 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 |
Manufacturer of energy efficiency products
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
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| domain | founded_year | HQ Location |
Connected devices are managed via an app and hub system.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Tibber
Frequently Asked Questions about Tibber
When was Tibber founded?
Tibber was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Tibber located?
Tibber is headquartered in Stockholm, Sweden.
Who is the current CEO of Tibber?
Edgeir Aksnes is the current CEO of Tibber. They have also founded this company.
Is Tibber a funded company?
Tibber is a funded company, having raised a total of $177M across 4 funding rounds to date. The company's 1st funding round was a Series B of $65M, raised on Mar 19, 2019.
How many employees does Tibber have?
As of Dec 31, 2022, the latest employee count at Tibber is 61.
What does Tibber do?
Founded in 2016 in Stockholm, Sweden, Tibber operates in the energy technology sector. Residential energy consumption is tracked through a mobile app available on iOS and Android, which connects to third-party devices such as thermostats and heat pumps. Artificial intelligence algorithms are used to optimize power purchasing times and identify consumption patterns for heating and appliances, without reliance on proprietary hardware.
Who are the top competitors of Tibber?
Tibber's top competitors include Landis+Gyr, Danfoss and Span.IO.
Who are Tibber's investors?
Tibber has 9 investors. Key investors include Nordea, Schibsted Media Group, Balderton Capital, Eight Roads Ventures, and Summa Equity.
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