About Urjanet
Urjanet is a company based in Atlanta (United States) founded in 2010 was acquired by Arcadia in May 2022.. Urjanet has raised $44.86 million across 6 funding rounds from investors including Equifax, Arcadia and Oak HC/FT. The company has 528 employees as of April 02, 2024. Urjanet offers products and services including Utility Bill & Interval Data, Tariff & Energy Rate Calculator, and Solar & Storage Analysis. Urjanet operates in a competitive market with competitors including Particle, Signify, Landis+Gyr, Span.IO and PowerSecure, among others.
- Headquarter Atlanta, United States
- Employees 528 as on 02 Apr, 2024
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Sectors
Business ServicesTechnology Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Urjanet Energy Solutions Private Limited
- Date of Incorporation 29 Sep, 2011
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$7.91 M (USD)75.89as on Mar 31, 2023
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Net Profit
$779.25 K (USD)164.28as on Mar 31, 2023
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EBITDA
$1.38 M (USD)188.77as on Mar 31, 2023
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Total Equity Funding
$44.86 M (USD)
in 6 rounds
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Latest Funding Round
$14.66 M (USD), Series D
Jun 23, 2020
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Investors
Equifax
& 8 more
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Employee Count
528
as on Apr 02, 2024
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Acquired by
Arcadia
(May 24, 2022)
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Products & Services of Urjanet
Urjanet offers a comprehensive portfolio of products and services, including Utility Bill & Interval Data, Tariff & Energy Rate Calculator, and Solar & Storage Analysis. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides high-resolution utility data for energy and water usage tracking.
Offers energy rate calculations and tariff database for cost forecasting.
Delivers accurate solar and storage forecasts for energy optimization.
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Funding Insights of Urjanet
Urjanet has successfully raised a total of $44.86M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $14.66 million completed in June 2020. 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 6
- Last Round Series D — $14.7M
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First Round
First Round
(01 Jan 2011)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series D - Urjanet | Valuation | Equifax | |
| Mar, 2017 | Amount | Series C - Urjanet | Valuation | Oak HC/FT | |
| Jul, 2016 | Amount | Series B - Urjanet | Valuation |
investors |
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| 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 Urjanet
Urjanet has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Equifax, Arcadia and Oak HC/FT. 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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Investments are made in early-stage healthtech and fintech startups.
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Founded Year | Domain | Location | |
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Early-stage US tech startups are invested in by Grotech Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm focused on aerospace, biopharma, consumer, and multiple sectors
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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 Urjanet
| 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 - Urjanet
| 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 |
Urjanet Comparisons
Competitors of Urjanet
Urjanet 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 Particle, Signify, Landis+Gyr, Span.IO and PowerSecure, 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 |
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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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 |
Energy efficiency and smart grid management solutions
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| domain | founded_year | HQ Location |
Automotive lighting equipment is manufactured by Osram in Germany.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Urjanet
Frequently Asked Questions about Urjanet
When was Urjanet founded?
Urjanet was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Urjanet located?
Urjanet is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Is Urjanet a funded company?
Urjanet is a funded company, having raised a total of $44.86M across 6 funding rounds to date. The company's 1st funding round was a Series B of $2M, raised on Jan 01, 2011.
How many employees does Urjanet have?
As of Apr 02, 2024, the latest employee count at Urjanet is 528.
What is the annual revenue of Urjanet?
Annual revenue of Urjanet is $7.91M as on Mar 31, 2023.
What does Urjanet do?
Founded in 2010 and headquartered in Atlanta, United States, Urjanet operates in the energy data sector. Utility bill data for electricity, natural gas, water, and waste is collected automatically from diverse sources through a cloud-based platform. The data is normalized and delivered in formats such as PDF, JPEG, and DOC to support various applications for large organizations.
Who are the top competitors of Urjanet?
Urjanet's top competitors include Particle, Landis+Gyr and Signify.
What products or services does Urjanet offer?
Urjanet offers Utility Bill & Interval Data, Tariff & Energy Rate Calculator, and Solar & Storage Analysis.
Who are Urjanet's investors?
Urjanet has 9 investors. Key investors include Equifax, Arcadia, Oak HC/FT, Grotech Ventures, and Pete Kight.
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