About VELCO
VELCO is a company based in Rutland (United States) founded in 1956.. VELCO has raised $239.68 million across 9 funding rounds from investors including OSTI.GOV. VELCO offers products and services including Electricity Transmission and Grid Planning.
- Headquarter Rutland, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Vermont Electric Power Company
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$239.68 M (USD)
in 9 rounds
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Latest Funding Round
$30 M (USD), Series C
Dec 01, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of VELCO
VELCO offers a comprehensive portfolio of products and services, including Electricity Transmission and Grid Planning. 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.
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
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Funding Insights of VELCO
VELCO has successfully raised a total of $239.68M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $30 million completed in December 2023. 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 9
- Last Round Series C — $30.0M
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First Round
First Round
(08 Dec 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series C - VELCO | Valuation |
investors |
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| Dec, 2021 | Amount | Series C - VELCO | Valuation |
investors |
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| Aug, 2016 | Amount | Series C - VELCO | 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 VELCO
VELCO has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include OSTI.GOV. 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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Scientific and technical information is managed and disseminated by OSTI.GOV.
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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 VELCO
| 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 - VELCO
| 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 |
Velco Comparisons
Competitors of VELCO
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about VELCO
When was VELCO founded?
VELCO was founded in 1956 and raised its 1st funding round 53 years after it was founded.
Where is VELCO located?
VELCO is headquartered in Rutland, United States. It is registered at Rutland, Vermont, United States.
Is VELCO a funded company?
VELCO is a funded company, having raised a total of $239.68M across 9 funding rounds to date. The company's 1st funding round was a Series C of $38.98M, raised on Dec 08, 2009.
What does VELCO do?
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.
What products or services does VELCO offer?
VELCO offers Electricity Transmission and Grid Planning.
Who are VELCO's investors?
VELCO has 1 investor. Key investors include OSTI.GOV.