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 |
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| 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 |
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 |
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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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Investment in technology startups focusing on compute, AI, and related innovations.
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Founded Year | Domain | Location |
Investments & Acquisitions by Viridity Energy
Financial Statements - Viridity Energy
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.
| 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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Latest news on Viridity Energy
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 C of $15M, raised on Dec 01, 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.