About Trove Data
Trove Data is a Business Services company based in Buffalo (United States) founded in 2010, and was acquired by E Source in February 2020. Predictive data science and analytics are delivered via SaaS platform. It operates in the Business Services, Energy & Utilities, and Real Estate & Construction sectors. Trove Data has raised $12.7 million across 4 funding rounds from investors including Avista Utilities, Itron and E Source. Its Indian entity Ta Associates Advisory Private Limited reported revenue of ₹205 Cr. The company was acqui-hired. Its focus areas include Energy Tech, Energy Efficiency Tech, ESCO and Enablers. Its competitors include MRI Software, AppFolio and Johnson Controls; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Buffalo, United States
- Stage Acquired
- SectorsBusiness ServicesEnergy & Utilities Real Estate & Construction
- Website trovedata.com
- Social LinkedIn X
- Acquired by E Source (Feb 2020)
- Legal Name Ta Associates Advisory Private Limited
- Date of Incorporation 15 Dec, 2008
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity revenue₹205 Cr
FY 2025 · +92% YoY
- Indian entity net profit₹25.37 Cr
FY 2025 · 12% margin
- Indian entity EBITDA₹35.32 Cr
FY 2025 · 17% margin
- Total Equity Funding$12.7M (USD)
in 4 rounds
- Latest Funding Round$2M (USD), Series A
Jan 2016
- InvestorsAvista Utilities
& 4 more
- Acquired byE Source
(Feb 2020)
Associated legal entities of Trove Data
Trove Data operates through Ta Associates Advisory Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ta Associates Advisory Private Limited CIN U74900MH2008PTC188893 | Active | 15 Dec 2008 | Mumbai, Maharashtra | ₹205 Cr | 3 | View details |
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 $12.7M
- Total Rounds 4
- Last Round Series A — $2M
- First Round $1.2M
(May 2011)
- Investors Count 4
All 4 funding rounds of Trove Data 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 |
|---|---|---|---|---|---|
| Jan 2016 | $2M | Series A | – | ENGIE Impact | – |
| Feb 2015 | $8.4M | Series A | – | – | |
| Aug 2013 | $1.1M | Seed | – | – | |
| May 2011 | $1.2M | Seed | – | – |
5 investors in total: 5 institutional.
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 |
|---|---|---|---|---|
Offers systems planning, target development, and consulting services to corporations & governments | 1996 | engieimpact.com | New York, United States | |
Avista Utilities is engaged in providing energy services. | 1889 | myavista.com | Spokane, United States | |
Cloud-based end-to-end solutions for smart grids are provided. | 1977 | itron.com | Liberty Lake, United States | |
Foundation services are provided by CUBRC in the United States. | 1983 | cubrc.org | United States | |
Research, advisory, marketing and information services provider for utilities and customers | 1986 | esource.com | Boulder, United States |
Investor details for Trove Data
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Ta Associates Advisory Private Limited (Trove Data)
Ta Associates Advisory Private Limited is the primary company behind Trove Data. The board of Ta Associates Advisory Private Limited currently have 3 directors; the longest-serving is Melanie Rae Toomey, appointed in 2015. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Melanie Rae Toomey DIN 07103302 | Director | 02 Mar 2015 | 11 yrs 7 mo | Ta Associates Advisory Private Limited |
| Ravindranath Menon Kizhakkepat Bhaskaran DIN 02579565 | Director | 01 Feb 2021 | 5 yrs 8 mo | Ta Associates Advisory Private Limited |
| Jennifer Ami Barbetta DIN 10709061 | Director | 25 Jul 2024 | 2 yrs 3 mo | Ta Associates Advisory Private Limited |
People of Trove Data
64 people are tracked at Trove Data (35 in leadership, 29 in team).
| Name | Role | Group |
|---|---|---|
Ian Schmidt | Director | Leadership |
Derek Justinger | Director Of Engineering | Leadership |
Susanne Riis | Engagement Director | Leadership |
Kris Williams | Director | Leadership |
Rachel Reiss Buckley | Vice President, Enterprise Strategy And New Products | Leadership |
Jeremy Klingel | President, Consulting | Leadership |
Brett Shaw | VP | Leadership |
Jonathan Willcox | CFO | Leadership |
Rebekah Cooksey | Chief Financial Officer | Leadership |
Mike Hildebrand | Vice President Of Business Development | Leadership |
Joe Eazor | Chief Executive Officer | Leadership |
Adam Stotz | CTO | Leadership |
Tom Martin | President, Grid Solutions | Leadership |
Marnie Urbach | VP & Chief People Officer | Leadership |
Michael Tulaney | Senior Director Of Operations | Leadership |
Doug Roy | Director, Sales Innovations | Leadership |
Angelica Pereira | Senior Director, Marketing And Communication Solutions | Leadership |
Filomena Gogel | President, Research & Advisory | Leadership |
Chad Garrett | Managing Director, Management Consulting | Leadership |
Kim Manago | Director | Leadership |
44 more people are available in the full profile.
Complete people profiles for Trove Data
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Trove Data
Figures of Ta Associates Advisory Private Limited, the primary company behind Trove Data, for FY 2025. Revenue was ₹205 Cr (+92% year on year). Net profit was ₹25.37 Cr (12% margin). EBITDA was ₹35.32 Cr (17% margin). Revenue has grown at a compounded annual rate of +46% over three years and +34% over five years.
- ₹205 CrRevenue · FY 2025 · +92% YoY
- ₹25.37 CrNet profit · 12% margin
- ₹35.32 CrEBITDA · 17% margin
- ₹2.56 CrPaid-up capital
- +46%Revenue CAGR, 3 years
- +34%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ta Associates Advisory Private Limited are on its company page.
Detailed financial statements for Trove Data
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Trove Data
4 dated milestones of Trove Data across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Trove Data is founded.
- Funding First funding round of $1.2M.
- Funding Latest funding round, Series A, of $2.0M.
- Exit Acquired by E Source.
Competitors of Trove Data
Trove Data has 3 listed competitors in our database, 2 of them funded. They include MRI Software, AppFolio and Johnson Controls.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mrisoftware.com | 1971 | Solon, United States | $125M | 781 | Property management software is provided for residential and commercial properties. | |
| appfolio.com | 2006 | Santa Barbara, United States | $30M | 1,634 | SaaS-driven property management software for owners and residential property managers | |
| johnsoncontrols.com | 1885 | Milwaukee, United States | 100,000 | Automotive batteries and HVAC equipment are manufactured and supplied globally. |
Detailed competitors of Trove Data
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Facility Management Platforms
3 companies that operate in the same segment as Trove Data (Facility Management Platforms) in United States, 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 | ||
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 |
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Related news about Trove Data
Complete news archive for Trove Data
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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 $1.2M, raised on May 2011.
The primary company behind Trove Data, Ta Associates Advisory Private Limited, reported revenue of ₹205 Cr for FY 2025, up 92% year on year.
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 AppFolio, Johnson Controls and MRI Software.
Trove Data has 5 investors. Key investors include Avista Utilities, Itron, E Source, CUBRC, and ENGIE Impact.
Trove Data operates through Ta Associates Advisory Private Limited.
Yes. Trove Data was acquired by E Source in February 2020.
The legal entities of Trove Data currently have 3 directors, including Melanie Rae Toomey, Ravindranath Menon Kizhakkepat Bhaskaran, Jennifer Ami Barbetta.