About Viridity Energy
Viridity Energy is a company based in Philadelphia (United States) founded in 2008 was acquired by Ormat in January 2017.. Viridity Energy has raised $66.5 million across 6 funding rounds from investors including Schneider Electric, Ormat and Mitsui & Co.. Viridity Energy operates in a competitive market with competitors including Particle, ecobee, Signify, Landis+Gyr and Span.IO, among others.
- Headquarter Philadelphia, United States
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Sectors
Business ServicesEnergy & Utilities Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$66.5 M (USD)
in 6 rounds
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Latest Funding Round
$8.5 M (USD), Series D
May 12, 2016
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Investors
Schneider Electric
& 6 more
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Employee Count
Employee Count
- Acquired by
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Funding Insights of Viridity Energy
Viridity Energy has successfully raised a total of $66.5M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $8.5 million completed in May 2016. 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 D — $8.5M
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First Round
First Round
(01 Dec 2010)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2016 | Amount | Series D - Viridity Energy | Valuation |
investors |
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| Apr, 2015 | Amount | Series C - Viridity Energy | Valuation | Ben Franklin Technology Partners |
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| Aug, 2012 | Amount | Series C - Viridity Energy | Valuation |
investors |
| 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 Viridity Energy
Viridity Energy has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Schneider Electric, Ormat and Mitsui & Co.. 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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An entrepreneurial investor in alternative energy opportunities is provided.
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Founded Year | Domain | Location | |
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Technology ecosystem growth is supported in Southeastern Pennsylvania.
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Founded Year | Domain | Location | |
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Investment in technology startups focusing on compute, AI, and related innovations.
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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 Viridity Energy
| 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 - Viridity Energy
| 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 |
Viridity Energy Comparisons
Competitors of Viridity Energy
Viridity Energy 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 Particle, ecobee, Signify, Landis+Gyr and Span.IO, 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 |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Provider of smart thermostats for commercial and residential applications
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Energy-efficient smart lightbulbs are developed by Nanoleaf.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Viridity Energy
Frequently Asked Questions about Viridity Energy
When was Viridity Energy founded?
Viridity Energy was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is Viridity Energy located?
Viridity Energy is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is Viridity Energy a funded company?
Viridity Energy is a funded company, having raised a total of $66.5M across 6 funding rounds to date. The company's 1st funding round was a Series C of $15M, raised on Dec 01, 2010.
What does Viridity Energy do?
Viridity Energy is a Demand Side Management platform which regulates and controls the Demand SideConsumer side of the Power market. Through its online software, VPower, it assists CI power consumers optimize their power costs by accessing the power pool of the wholesale power market. To counter the losses that might occur due to mandatory DR programs, the users are offered Energy Intelligence through the platform to buy power from the wholesale market at a lower cost than Utilities, thus helping them reduce their energy costs. Apart from this they also assist renewable energy storage developers and generators in combinong renewable energy with storage and produce dispatchable electricity that the electric grid can rely upon. By combining solar with storage, the customer has a new opportunity to generate revenue through the wholesale markets and access tax credits designed to increase storage penetration.
Who are the top competitors of Viridity Energy?
Who are Viridity Energy's investors?
Viridity Energy has 7 investors. Key investors include Schneider Electric, Ormat, Mitsui & Co., AltEnergy LLC, and Ben Franklin Technology Partners.