About Verdeeco
Verdeeco is an Energy & Utilities company based in Atlanta (United States) founded in 2009, and was acquired by Sensus in April 2014. Cloud-based analytics for smart grid utilities is provided. Verdeeco has raised $1.51 million across 2 funding rounds from investors including Sensus, Atlanta Technology Angels and Auburn Angel Network. The company was acqui-hired. Its focus areas include Energy Tech, Smart Grid, Grid Management and Analytics.
Company details
Founded in 2009 in Atlanta, United States, Verdeeco was acquired by Sensus and operates in the utilities sector. A cloud-based platform is offered to support smart grid deployment for electric, gas, and water utilities. Grid-as-a-Service is provided as a build-and-transfer solution that aggregates and analyzes utility data facets. Additionally, GridDNA is utilized as an engine to capture information from disparate sources and incorporate external data.
- Headquarters Atlanta, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Website sensus.com/verdeeco
- Acquired by Sensus (Apr 2014)
Funding Insights of Verdeeco
Verdeeco has successfully raised a total of $1.51M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $714.21 thousand completed in November 2012. 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 $1.51M
- Total Rounds 2
- Last Round Series A — $714,205
- First Round $800,000
(Jul 2011)
- Investors Count 2
All 2 funding rounds of Verdeeco 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 2012 | $714,205 | Series A | – | – | – |
| Jul 2011 | $800,000 | Series A | – | – |
3 investors in total: 3 institutional.
Investors in Verdeeco
Verdeeco has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Sensus, Atlanta Technology Angels and Auburn Angel Network.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Angel investments are provided across Atlanta and Georgia. | 1998 | angelatlanta.com | Atlanta, United States | |
| auburnangelnetwork.com | ||||
Smart meters, networks, and software are supplied for utilities. | 1870 | sensus.com | Raleigh, United States |
Investor details for Verdeeco
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.
Timeline of Verdeeco
4 dated milestones of Verdeeco across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Verdeeco is founded.
- Funding First funding round of $800K.
- Funding Latest funding round, Series A, of $714K.
- Exit Acquired by Sensus.
Top companies in Smart Grid & Transmission Systems
3 companies that operate in the same segment as Verdeeco (Smart Grid & Transmission Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
AI and cloud-driven solutions for energy optimization are provided. | 2009 | Millbrae, California, United States | USD 228.56 M | USD 156.27 M | 569 | |
IoT-enabled distributed energy resource management solutions are provided. | 2011 | Redwood City, California, United States | USD 158.75 M | USD 2.47 M | 50 |
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Frequently Asked Questions about Verdeeco
Verdeeco was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Verdeeco is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Verdeeco is a funded company, having raised a total of $1.51M across 2 funding rounds to date. The company's 1st funding round was a Series A of $800K, raised on Jul 2011.
Founded in 2009 in Atlanta, United States, Verdeeco was acquired by Sensus and operates in the utilities sector. A cloud-based platform is offered to support smart grid deployment for electric, gas, and water utilities. Grid-as-a-Service is provided as a build-and-transfer solution that aggregates and analyzes utility data facets. Additionally, GridDNA is utilized as an engine to capture information from disparate sources and incorporate external data.
Verdeeco has 3 investors. Key investors include Sensus, Atlanta Technology Angels, and Auburn Angel Network.
Yes. Verdeeco was acquired by Sensus in April 2014.