About WEL Networks
WEL Networks is an Energy & Utilities company based in Hamilton (New Zealand) founded in 1988. It provides innovative electricity distribution solutions services. Its chief executive, as recorded, is Michael Charles Underhill. WEL Networks offers products and services including Electricity Distribution, Connection Platform, and Outage Reporting. Its focus areas include Energy, Utilities, Utility Supplier and Electricity. Its legal entity is WEL NETWORKS LIMITED.
Company details
The company distributes electricity to Hamilton region for over 100 years,connecting over 160,000 people to electricity through 93,000 installation connection points.
- Annual Revenue$122.21 M (USD)-4as on Mar 31, 2022
- Net Profit$15.34 M (USD)-93as on Mar 31, 2022
- EBITDA$19.43 M (USD)262as on Mar 31, 2022
- Latest Funding Round$101.45M (USD), Debt – Conventional
Jun 2018
Products & Services of WEL Networks
WEL Networks offers a comprehensive portfolio of products and services, including Electricity Distribution, Connection Platform, and Outage Reporting.
Manages power distribution and network maintenance for customers
Facilitates new connections and load changes via dashboard
Enables 24/7 reporting and fault resolution for users
Funding Insights of WEL Networks
- Total Rounds 2
- Last Round Debt – Conventional — $101.45M
All 2 funding rounds of WEL Networks 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 |
|---|---|---|---|---|---|
| Jun 2018 | $101.45M | Debt – Conventional | – | – | – |
| Jun 2018 | Private Equity Round | – | – | – |
People of WEL Networks
18 people are tracked at WEL Networks (6 in leadership, 12 in team).
| Name | Role | Group |
|---|---|---|
Michael Charles Underhill | CEO | Leadership |
Garth Dibley | CEO | Leadership |
Julian Macdonald Elder | CEO | Leadership |
Craig Marshall | Head of We.EV | Leadership |
David Barnett | Chief Financial Officer | Leadership |
Jim Quinn | Director | Leadership |
Jason Edwards | Project Manager | Team |
Mark Sutcliffe | Project Manager | Team |
Ruth Opie | Business Performance Manager | Team |
Nova Caie | Project Manager | Team |
Margarita Montague | Senior Commercial Analyst | Team |
Dave Wilson | Project Manager | Team |
Bogomil Spassov | Financial Strategy and Planning Manager | Team |
Samantha Lee | Commercial Legal Counsel | Team |
Karleen Broughton | Commercial Legal Counsel, General Counsel | Team |
Jeths Lacson | Lifecycle Engineering Team Leader | Team |
Tiens Hendricks | Senior Project Manager | Team |
Matthew Whitmore | Senior DSO Project Engineer | Team |
Complete people profiles for WEL Networks
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- Full employee list
- Team structure
- Board tenure
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Timeline of WEL Networks
3 dated milestones of WEL Networks across 30 years, from founding to its latest funding, stage changes and deals.
- Founded WEL Networks is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional, of $101.4M.
Web traffic of WEL Networks
The website of WEL Networks (wel.co.nz) receives about 5.3K visits a month.
- Monthly visits5.3K
▲ 15.1% vs previous month
Websites whose visitors overlap most with WEL Networks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| meridianenergy.co.nz | 100% | 263.6K | #170,786 | View details | |
| genesisenergy.co.nz | 95% | 551.3K | #72,855 | View details | |
nzrc.co.nz | nzrc.co.nz | 95% | – | ||
bp.co.nz | bp.co.nz | 95% | – | ||
novagas.co.nz | novagas.co.nz | 95% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 16 similar websites and full traffic analytics for WEL Networks
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 16 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about Wel Networks
Complete news archive for WEL Networks
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Frequently Asked Questions about WEL Networks
WEL Networks was founded in 1988 and raised its 1st funding round 30 years after it was founded.
WEL Networks is headquartered in Hamilton, New Zealand.
Michael Charles Underhill is the CEO of WEL Networks, as recorded in our data.
Annual revenue of WEL Networks is $122.21M as on Mar 31, 2022.
The company distributes electricity to Hamilton region for over 100 years,connecting over 160,000 people to electricity through 93,000 installation connection points.
WEL Networks offers Electricity Distribution, Connection Platform, and Outage Reporting.
WEL Networks operates through Wel Networks Limited.