About Verdant
Verdant is a Business Services company based in Saint-laurent (Canada) founded in 2008, and was acquired by Emerson in March 2020. Networked thermostats for hospitality energy management are developed. It operates on a Product-as-a-Service and Direct-to-Consumer (D2C) model in Business Services, Energy & Utilities, and Technology sectors. Its chief executive, as recorded, is Alain Belanger. Verdant offers products and services including Verdant Smart Thermostats, Verdant Thermostat Manager App, and Verdant Plus Services. Its focus areas include Energy Management and HVAC Solutions. Its legal entity is Copeland LP. Its competitors include ecobee and Nanoleaf; 2 of its 2 listed competitors have raised funding.
Company details
Verdant is established as a leader in commercial energy management solutions. Smart thermostats and software are developed to optimize HVAC systems, reducing energy consumption in unoccupied spaces. Solutions are tailored for industries such as hospitality, multifamily buildings, student housing, and senior living. Compatibility with major HVAC systems is ensured, supporting sustainability efforts with actionable data insights. Services and products are designed for both retrofit and new construction projects, delivering significant cost savings.
Products & Services of Verdant
Verdant offers a comprehensive portfolio of products and services, including Verdant Smart Thermostats, Verdant Thermostat Manager App, and Verdant Plus Services.
Smart thermostats are designed for efficient energy control.
App is provided for managing HVAC energy usage.
Services are offered for enhanced energy management solutions.
Funding Insights of Verdant
- Total Rounds 1
- Last Round Debt – Conventional — $6M
- First Round $6M
(Jan 2019)
- Investors Count 1
All 1 funding rounds of Verdant 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 2019 | $6M | Debt – Conventional | – | – |
3 investors in total: 3 institutional.
Investors in Verdant
Verdant has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Emerson, BDC and Fulcrum Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fulcrum Capital Partners is focused on Canadian private equity investments. | fulcrumcapital.ca | Vancouver, Canada | ||
Commercial banking services for small and medium-sized enterprises are provided. | 1944 | bdc.ca | Montreal, Canada | |
Automation and engineering services are provided for multiple industries. | 1890 | emerson.com | St. Louis, United States |
Investor details for Verdant
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People of Verdant
3 people are tracked at Verdant (3 in leadership).
| Name | Role | Group |
|---|---|---|
Donald Olsen | Owner | Leadership |
Alain Belanger | CEO | Leadership |
Tom Schneider | CEO | Leadership |
Complete people profiles for Verdant
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Timeline of Verdant
4 dated milestones of Verdant across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Verdant is founded.
- Exit Acquired by Fulcrum Capital Partners.
- Funding First funding round of $6.0M.
- Exit Acquired by Emerson.
Competitors of Verdant
Verdant has 2 listed competitors in our database, 2 of them funded. They include ecobee and Nanoleaf.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ecobee.com | 2007 | Toronto, Canada | $151.52M | Provider of smart thermostats for commercial and residential applications | ||
| nanoleaf.me | 2012 | Toronto, Canada | $2.9M | 94 | Energy-efficient smart lightbulbs are developed by Nanoleaf. |
Detailed competitors of Verdant
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Web traffic of Verdant
The website of Verdant (verdant.co) receives about 8.1K visits a month.
- Monthly visits8.1K
▲ 19.7% vs previous month
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Frequently Asked Questions about Verdant
Verdant was founded in 2008 and raised its 1st funding round 11 years after it was founded.
Verdant is headquartered in Saint-laurent, Canada. It is registered at Saint-laurent, Quebec, Canada.
Alain Belanger is the CEO of Verdant, as recorded in our data.
Verdant is established as a leader in commercial energy management solutions. Smart thermostats and software are developed to optimize HVAC systems, reducing energy consumption in unoccupied spaces. Solutions are tailored for industries such as hospitality, multifamily buildings, student housing, and senior living. Compatibility with major HVAC systems is ensured, supporting sustainability efforts with actionable data insights. Services and products are designed for both retrofit and new construction projects, delivering significant cost savings.
Verdant offers Verdant Smart Thermostats, Verdant Thermostat Manager App, and Verdant Plus Services.
Verdant has 3 investors. Key investors include Emerson, BDC, and Fulcrum Capital Partners.
Verdant operates through Copeland Lp.
Yes. Verdant was acquired by Emerson in March 2020.