About VELCO
VELCO is an Energy & Utilities company based in Rutland (United States) founded in 1956. Power transmission-based energy projects are developed by VELCO. VELCO has raised $252.01 million across 10 funding rounds from investors including OSTI.GOV. VELCO offers products and services including Electricity Transmission and Grid Planning. Its focus areas include Energy. Its legal entity is Vermont Electric Power Company.
Company details
VELCO was founded in 1956 and is located in Rutland, United States. Operations are conducted in the energy sector, with a focus on developing power transmission infrastructure. High-voltage lines and related facilities are planned, constructed, and maintained to support electricity distribution. Regional energy needs in the northeastern United States are addressed through these activities, ensuring grid reliability and efficiency.
- Total Equity Funding$252.01M (USD)
in 10 rounds
- Latest Funding Round$12.34M (USD), Series B
Jul 2026
- Investors
Products & Services of VELCO
VELCO offers a comprehensive portfolio of products and services, including Electricity Transmission and Grid Planning.
The safe and reliable transmission of electric power is managed throughout Vermont and the New England network
Assessments of future electricity needs and upgrades are conducted to ensure a resilient grid
Funding Insights of VELCO
VELCO has successfully raised a total of $252.01M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $12.34 million completed in July 2026. 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 $252.01M
- Total Rounds 10
- Last Round Series B — $12.34M
- First Round $10.13M
(Dec 2009)
- Investors Count 1
All 10 funding rounds of VELCO 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 |
|---|---|---|---|---|---|
| Jul 2026 | $12.34M | Series B | – | – | – |
| Dec 2023 | $30M | Series C | – | – | – |
| Dec 2021 | $39.97M | Series C | – | – | – |
| Aug 2016 | $38.98M | Series C | – | – | – |
| Oct 2014 | $27.8M | Series B | – | – | – |
| Nov 2013 | $23.68M | Series B | – | – | – |
| Nov 2010 | $67.71M | Series B | – | – | – |
| May 2010 | $1.4M | Series A | – | – | – |
| Apr 2010 | $137.81M | Grant | – | – | |
| Dec 2009 | $10.13M | Series A | – | – | – |
1 investors in total: 1 institutional.
Investors in VELCO
VELCO has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include OSTI.GOV.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Scientific and technical information is managed and disseminated by OSTI.GOV. | osti.gov | Oak Ridge, United States |
Investor details for VELCO
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of VELCO
50 people are tracked at VELCO (10 in leadership, 40 in team).
| Name | Role | Group |
|---|---|---|
Salam Baniahmed | Director Of Operational Technology | Leadership |
Melissa Hale | Human Resources Business Partner | Leadership |
Thomas Dunn | President & CEO | Leadership |
Darrin Goodrow | Director Of Technology | Leadership |
Cheryl Mullins | VP And Chief Human Resources Officer | Leadership |
Betsy Bloomer | Director, Communications And Strategy | Leadership |
Frank Ettori | Director Of Iso-ne/nepool Relations And Power Accounting | Leadership |
Mark Sciarrotta | Vice President And General Counsel | Leadership |
Jason Pew | Director Of Operations And Energy Management Systems | Leadership |
Dan Nelson | VP Of Technology | Leadership |
Andrew F. | GIS Solution Architect | Team |
Joshua Burroughs | Dynamic Device Lead | Team |
Keith Bishop | Network / Physical Security Administrator | Team |
Butch Goulette | Operations Training Coordinator | Team |
Isaac Nichols | Scada EMS Engineer | Team |
Burke Schmollinger | System Operator | Team |
Joe Celentano | Transmission System Operator | Team |
Robert Raftery | System Operator | Team |
Andrew Boyle | Manager Of Control Center Operations | Team |
Jasen White | System Operator | Team |
30 more people are available in the full profile.
Complete people profiles for VELCO
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of VELCO
3 dated milestones of VELCO across 70 years, from founding to its latest funding, stage changes and deals.
- Founded VELCO is founded.
- Funding First funding round of $10.1M.
- Funding Latest funding round, Series B, of $12.3M.
Web traffic of VELCO
The website of VELCO (velco.com) receives about 10K visits a month.
- Monthly visits10K
▲ 49.9% vs previous month
Websites whose visitors overlap most with VELCO. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
nu.com | nu.com | 100% | #11,725,616 | – | |
| greenmountainpower.com | 98% | #237,347 | View details | ||
efficiencyvermont.com | efficiencyvermont.com | 66% | #636,860 | – | |
| vhb.com | 66% | #663,481 | View details | ||
safecleanreliable.com | safecleanreliable.com | 34% | – |
Top companies in Power Transmission & Distribution
2 companies that operate in the same segment as VELCO (Power Transmission & Distribution) in United States, ranked by their profile score on The Company Check.
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Frequently Asked Questions about VELCO
VELCO was founded in 1956 and raised its 1st funding round 53 years after it was founded.
VELCO is headquartered in Rutland, United States. It is registered at Rutland, Vermont, United States.
VELCO is a funded company, having raised a total of $252.01M across 10 funding rounds to date. The company's 1st funding round was a Series A of $10.13M, raised on Dec 2009.
VELCO was founded in 1956 and is located in Rutland, United States. Operations are conducted in the energy sector, with a focus on developing power transmission infrastructure. High-voltage lines and related facilities are planned, constructed, and maintained to support electricity distribution. Regional energy needs in the northeastern United States are addressed through these activities, ensuring grid reliability and efficiency.
VELCO offers Electricity Transmission and Grid Planning.
VELCO has 1 investor. Key investors include OSTI.GOV.
VELCO operates through Vermont Electric Power Company.