About Troocost
Troocost is a company based in Newcastle Upon Tyne (United Kingdom) founded in 2016 by Andrew Richardson. Troocost has raised $1.27 million across 3 funding rounds from investors including Mercia and NEL Fund Managers. The company has 60 employees as of October 31, 2021. Troocost offers products and services including Energy Procurement, Energy Management, and Insight and Analytics. Troocost operates in a competitive market with competitors including PrePayPower, Love Energy Savings, WattBuy, Clarke Energia and Power2Switch, among others.
- Headquarter Newcastle Upon Tyne, United Kingdom
- Employees 60 as on 31 Oct, 2021
- Founders Andrew Richardson
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
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- Legal Name Troo Ltd
- Date of Incorporation 25 Jul, 2016
- Jurisdiction SUNDERLAND, ENGLAND
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.27 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
Mercia
& 1 more
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Employee Count
60
as on Oct 31, 2021
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Products & Services of Troocost
Troocost offers a comprehensive portfolio of products and services, including Energy Procurement, Energy Management, and Insight and Analytics.
Service to find and secure best energy deals for businesses
Ongoing support for energy queries and efficiency improvements
Tools for tracking energy use and net zero strategies
People of Troocost
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Funding Insights of Troocost
Troocost has successfully raised a total of $1.27M 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.
Investors in Troocost
Troocost has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Mercia and NEL Fund Managers.
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Investment management services are provided by Mercia to various clients.
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Investor details for Troocost
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Investments & Acquisitions by Troocost
Investment portfolio details for Troocost
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Financial Statements - Troocost
Detailed financials for Troocost
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Troocost Comparisons
Peer comparison for Troocost
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Competitors of Troocost
Troocost 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 PrePayPower, Love Energy Savings, WattBuy, Clarke Energia and Power2Switch, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Electricity and gas are retailed on a pay-as-you-go basis.
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Utility comparison and switching solutions are offered online.
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Electric price comparison and supplier switching solutions are provided.
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Solutions for electricity monitoring and billing are provided.
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Provider of electricity switching and comparison solutions for residential and commercial customers
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Provider of SaaS-driven utility auto-switching solutions
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Detailed competitors of Troocost
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Latest news on Troocost
Complete news archive for Troocost
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Frequently Asked Questions about Troocost
Troocost was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Troocost is headquartered in Newcastle Upon Tyne, United Kingdom.
Andrew Richardson is the current CEO of Troocost. They have also founded this company.
Troocost is a funded company, having raised a total of $1.27M across 3 funding rounds to date.
As of Oct 31, 2021, the latest employee count at Troocost is 60.
Troocost was founded in 2016 and is based in Newcastle Upon Tyne, United Kingdom. Solutions for comparing energy prices are delivered to businesses, with a focus on electricity and gas markets. Services also encompass billing management, new connections, meter installations, and energy savings initiatives. Revenue is generated through subscription fees paid by suppliers. Operations remain centered in the energy sector.
Troocost's top competitors include WattBuy, Love Energy Savings and PrePayPower.
Troocost offers Energy Procurement, Energy Management, and Insight and Analytics.
Troocost has 2 investors. Key investors include Mercia, and NEL Fund Managers.