About Trove Data
Trove Data is a company based in Buffalo (United States) founded in 2010 was acquired by E Source in February 2020. Trove Data has raised $12.7 million across 4 funding rounds from investors including Avista Utilities, Itron and E Source. Trove Data operates in a competitive market with competitors including MRI Software, AppFolio, Johnson Controls, Landis+Gyr and Span.IO, among others.
- Headquarter Buffalo, United States
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Sectors
Business ServicesEnergy & Utilities Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$13.35 M (USD)67.02as on Mar 31, 2023
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Net Profit
$1.62 M (USD)27.55as on Mar 31, 2023
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EBITDA
$2.28 M (USD)25.37as on Mar 31, 2023
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Total Equity Funding
$12.7 M (USD)
in 4 rounds
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Latest Funding Round
$2 M (USD), Series A
Jan 12, 2016
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Investors
Avista Utilities
& 4 more
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Employee Count
Employee Count
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Acquired by
E Source
(Feb 11, 2020)
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Funding Insights of Trove Data
Trove Data has successfully raised a total of $12.7M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in January 2016. 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 A — $2.0M
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First Round
First Round
(10 May 2011)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Series A - Trove Data | Valuation | ENGIE Impact |
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| Feb, 2015 | Amount | Series A - Trove Data | Valuation |
investors |
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| Aug, 2013 | Amount | Seed - Trove Data | Valuation |
investors |
Investors in Trove Data
Trove Data has secured backing from 5 investors, including institutional investors. Prominent investors backing the company include Avista Utilities, Itron and E Source.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Offers systems planning, target development, and consulting services to corporations & governments
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Founded Year | Domain | Location | |
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Avista Utilities is engaged in providing energy services.
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Founded Year | Domain | Location | |
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Cloud-based end-to-end solutions for smart grids are provided.
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Founded Year | Domain | Location |
Investments & Acquisitions by Trove Data
Financial Statements - Trove Data
Trove Data Comparisons
Competitors of Trove Data
Trove Data 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 MRI Software, AppFolio, Johnson Controls, Landis+Gyr and Span.IO, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Property management software is provided for residential and commercial properties.
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| domain | founded_year | HQ Location |
SaaS-driven property management software for owners and residential property managers
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| domain | founded_year | HQ Location |
Automotive batteries and HVAC equipment are manufactured and supplied globally.
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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 |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Provider of solutions for energy monitoring for residential building
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Frequently Asked Questions about Trove Data
Trove Data was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Trove Data is headquartered in Buffalo, United States. It is registered at Buffalo, New York, United States.
Trove Data is a funded company, having raised a total of $12.7M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on May 10, 2011.
Annual revenue of Trove Data is $13.35M as on Mar 31, 2023.
Trove was established in 2010 in Buffalo, United States, within the data analytics sector. Solutions in predictive data science and data fusion are provided through a cloud-based PaaS. Core operations encompass customer engagement analytics, load forecasting, demand prediction, program optimization, fraud detection, and customer segmentation. These services are extended to partners via the SaaS-driven platform.
Trove Data's top competitors include Landis+Gyr, AppFolio and Span.IO.
Trove Data has 5 investors. Key investors include Avista Utilities, Itron, E Source, CUBRC, and ENGIE Impact.