About Viridity Energy
Viridity Energy is a Business Services company based in Philadelphia (United States) founded in 2008, and was acquired by Ormat in January 2017. Demand side management by online software. It operates in the Business Services, Energy & Utilities, and Technology sectors. Viridity Energy has raised $66.5 million across 6 funding rounds from investors including Schneider Electric, Ormat and Mitsui & Co. The company was acqui-hired. Its focus areas include Energy Tech, Smart Grid, Distributed Energy Resources and Virtual Power Plant. Its competitors include Particle, Span.IO and Resideo; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Total Equity Funding$66.5M (USD)
in 6 rounds
- Latest Funding Round$8.5M (USD), Series D
May 2016
- InvestorsSchneider Electric
& 6 more
- Acquired by
Apps and channels of Viridity Energy
its YouTube channel Ormat Technologies, Inc. has 1.68K subscribers and 30 videos.
Videos from Viridity Energy
The most watched videos on Viridity Energy's YouTube channel, Ormat Technologies, Inc. (1.68K subscribers). Click a video to play it here.
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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 $66.5M
- Total Rounds 6
- Last Round Series D — $8.5M
- First Round $14M
(Dec 2010)
- Investors Count 5
All 6 funding rounds of Viridity Energy 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 |
|---|---|---|---|---|---|
| May 2016 | $8.5M | Series D | – | – | |
| Apr 2015 | Series C | – | Ben Franklin Technology Partners | – | |
| Aug 2012 | $15M | Series C | – | – | |
| Jan 2011 | $14M | Series B | – | – | |
| Jan 2011 | $15M | Series B | – | Braemar Energy Ventures, Intel Capital | – |
| Dec 2010 | $14M | Series B | – | – | – |
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
An entrepreneurial investor in alternative energy opportunities is provided. | altenergyllc.com | Rowayton, United States | ||
Technology ecosystem growth is supported in Southeastern Pennsylvania. | sep.benfranklin.org | Philadelphia, United States | ||
Investment in technology startups focusing on compute, AI, and related innovations. | intelcapital.com | |||
Investments are made in US expansion-stage energy and tech companies. | braemarenergy.com | New York, United States | ||
Traditional conglomerate services are provided across multiple sectors by Mitsui. | 1947 | mitsui.com | Chiyoda City, Japan | |
Energy management and automation solutions are provided globally. | 1836 | se.com | ||
Geothermal power generators and equipment are manufactured by Ormat. | 1965 | ormat.com | United States |
Investor details for Viridity Energy
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Timeline of Viridity Energy
5 dated milestones of Viridity Energy across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Viridity Energy is founded.
- Funding First funding round of $14.0M.
- Exit Acquired by Schneider Electric.
- Funding Latest funding round, Series D, of $8.5M.
- Exit Acquired by Ormat.
Competitors of Viridity Energy
Viridity Energy has 3 listed competitors in our database, 2 of them funded. They include Particle, Span.IO and Resideo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| particle.io | 2011 | San Francisco, United States | $134.87M | 109 | IoT connectivity platform from prototype to production is developed. | |
| span.io | 2014 | San Francisco, United States | $255.56M | Smart panels for home energy management are provided by Span.IO. | ||
| resideo.com | 2018 | Wilmington, United States | 293 | Smart home products for security and energy efficiency are provided. |
Detailed competitors of Viridity Energy
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- Full competitor set
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Web traffic of Viridity Energy
Websites that share an audience with Viridity Energy (viridityenergy.com).
Websites whose visitors overlap most with Viridity Energy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| enerkem.com | 100% | 5.8K | #3,506,503 | View details | |
| enbala.com | 100% | View details | |||
| verenium.com | 100% | View details | |||
| stion.com | 100% | View details | |||
enernoc.com | enernoc.com | 100% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Viridity Energy
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- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Facility Management Platforms
3 companies that operate in the same segment as Viridity Energy (Facility Management Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | 2,458 | ||
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | 463 | ||
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | 109 |
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Related news about Viridity Energy
Complete news archive for Viridity Energy
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Frequently Asked Questions about Viridity Energy
Viridity Energy was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Viridity Energy is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
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 B of $14M, raised on Dec 2010.
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.
Viridity Energy has 7 investors. Key investors include Schneider Electric, Ormat, Mitsui & Co, AltEnergy LLC, and Ben Franklin Technology Partners.
Yes. Viridity Energy was acquired by Ormat in January 2017.