About Verengo
Verengo is a company based in Torrance (United States) founded in 2008 was acquired by Crius Energy in September 2016.. Verengo has raised $51.71 million across 6 funding rounds from investors including Vistra and Angeleno Group. Verengo operates in a competitive market with competitors including Enel X, Lightsource BP, Dominion Energy, Hillman Group and Origis Energy, among others.
- Headquarter Torrance, United States
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Jurisdiction Agra, Uttar Pradesh, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$51.71 M (USD)
in 6 rounds
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Latest Funding Round
$3.44 M (USD), Series C
Dec 10, 2015
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Investors
Vistra
& 1 more
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Employee Count
Employee Count
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Acquired by
Crius Energy
(Sep 26, 2016)
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Funding Insights of Verengo
Verengo has successfully raised a total of $51.71M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $3.44 million completed in December 2015. 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 C — $3.4M
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First Round
First Round
(03 Jan 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2015 | Amount | Series C - Verengo | Valuation |
investors |
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| Oct, 2015 | Amount | Series C - Verengo | Valuation |
investors |
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| Jan, 2015 | Amount | Series C - Verengo | 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 Verengo
Verengo has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Vistra and Angeleno Group. 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 directed toward the US, Asia, and Australia.
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Founded Year | Domain | Location | |
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Vistra is recognized as a leading integrated retail electricity and power generation company.
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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 Verengo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Verengo
| 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 |
Verengo Comparisons
Competitors of Verengo
Verengo 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 Enel X, Lightsource BP, Dominion Energy, Hillman Group and Origis Energy, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Utility-scale renewable energy projects are developed by Enel X.
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| domain | founded_year | HQ Location |
Solar energy projects are developed and operated by Lightsource BP.
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| domain | founded_year | HQ Location |
Energy production and transportation are conducted by Dominion Energy.
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| domain | founded_year | HQ Location |
Hardware and home improvement products are supplied to retail markets.
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| domain | founded_year | HQ Location |
Utility-scale and commercial solar projects are developed worldwide.
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| domain | founded_year | HQ Location |
Solar and wind energy projects are developed and operated.
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| 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 Verengo
When was Verengo founded?
Verengo was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Where is Verengo located?
Verengo is headquartered in Torrance, United States. It is registered at Torrance, California, United States.
Is Verengo a funded company?
Verengo is a funded company, having raised a total of $51.71M across 6 funding rounds to date. The company's 1st funding round was a Series C of $4.7M, raised on Jan 03, 2011.
What does Verengo do?
Verengo was founded in 2008 in Torrance, United States, within the renewable energy sector. Solar photovoltaic systems are marketed, sold, and installed primarily for residential customers. Operations center on integrating these systems into homes, with over 16,000 installations completed across the United States. Services include full-system deployment for homeowners seeking solar energy solutions.
Who are the top competitors of Verengo?
Verengo's top competitors include Enel X, Lightsource BP and Dominion Energy.
Who are Verengo's investors?
Verengo has 2 investors. Key investors include Vistra, and Angeleno Group.