About Upside Energy
Upside Energy is a Business Services company based in Germany founded in 2013, and was acquired by Octopus Energy in November 2020. Provider of solutions for smart energy management. It operates in the Business Services and Energy & Utilities sectors. The company has 32 employees. Its focus areas include Energy Tech, Energy Efficiency Tech, Energy Management System and Load Management. Its legal entity is UPSIDE ENERGY LTD.
Company details
Upside Energy was founded in 2013 in Germany. A cloud-based platform is operated to enable smart energy management across commercial, industrial, and domestic sites. Connections are established with devices such as battery storage systems, electric vehicle charge points, uninterruptible power supplies, and heating and cooling systems. Operations focus on the energy sector, facilitating device integration for efficiency in various applications.
- Headquarters Germany
- Employees 32
- Stage Acquired
- SectorsBusiness ServicesEnergy & Utilities
- Email••••••••
- Website upside.energy
- Acquired by Octopus Energy (Nov 2020)
- Legal Name Upside Energy Ltd
- Annual Revenue$460.44 K (USD)118as on Apr 30, 2021
- Net Profit-$3 M (USD)21as on Apr 30, 2021
- Latest Funding Round$84.03K (USD), Grant
Nov 2017
- InvestorsOctopus Energy
& 1 more
- Employee Count32
- Acquired byOctopus Energy
(Nov 2020)
Funding Insights of Upside Energy
- Total Rounds 2
- Last Round Grant — $84,028
- First Round $79,368
(Jan 2017)
- Investors Count 1
All 2 funding rounds of Upside Energy 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 |
|---|---|---|---|---|---|
| Nov 2017 | $84,028 | Grant | – | – | |
| Jan 2017 | $79,368 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Upside Energy
Upside Energy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Octopus Energy and European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Utility bill management platform is provided for tracking and billing. | 2015 | octopus.energy | London, United Kingdom |
Investor details for Upside Energy
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Timeline of Upside Energy
4 dated milestones of Upside Energy across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Upside Energy is founded.
- Funding First funding round of $79K.
- Funding Latest funding round, Grant, of $84K.
- Exit Acquired by Octopus Energy.
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Frequently Asked Questions about Upside Energy
Upside Energy was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Upside Energy is headquartered in Germany.
Upside Energy has 32 employees.
Annual revenue of Upside Energy is $460.44K as on Apr 30, 2021.
Upside Energy was founded in 2013 in Germany. A cloud-based platform is operated to enable smart energy management across commercial, industrial, and domestic sites. Connections are established with devices such as battery storage systems, electric vehicle charge points, uninterruptible power supplies, and heating and cooling systems. Operations focus on the energy sector, facilitating device integration for efficiency in various applications.
Upside Energy has 2 investors. Key investors include Octopus Energy, and European Union.
Upside Energy operates through Upside Energy Ltd.
Yes. Upside Energy was acquired by Octopus Energy in November 2020.