Simple Energy, Inc.
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Simple Energy, Inc. - overview
Established
2010
Location
Boulder, CO, US
Primary Industry
Software
About
Simple Energy, Inc. specializes in clean energy technology, offering innovative solutions that enhance grid capacity through customer engagement and connected devices, facilitating energy generation, conservation, and management. Founded in 2010 and headquartered in Boulder, US, Simple Energy, Inc. provides technology solutions to enhance energy management.
The company merged with Tendril Networks, Inc. in July 2019, forming Uplight, Inc. Founders Safi Qureshey and Suhas Rajkumar have a history of developing energy-focused technologies. Most recently, Simple Energy raised USD 6.
000 mn in a Series B funding round led by The Westly Group, bringing the total amount raised to USD 6. 000 mn. Simple Energy, Inc. offers a comprehensive suite of clean energy solutions tailored to enhance grid capacity by engaging customers and their connected devices.
Their AI-powered platform integrates personalized customer experiences with flexible load management capabilities, facilitating energy efficiency programs, demand response mechanisms, and virtual power plants (VPPs) that utilize distributed energy resources (DERs). The firm serves a diverse clientele, including utility companies and energy providers across North America and Europe, to help customers make informed energy usage decisions. The company generates revenue through structured transactions primarily involving subscriptions and partnerships with utility companies and energy providers. Clients access Simple Energy's advanced technology platform through annual contracts for software licenses or subscription fees for specific features such as demand-side management tools or customer engagement analytics, with pricing customized to align with client needs.
Simple Energy plans to leverage its recent funding to expand its product offerings and enhance their technology platform. The company aims to enter new markets, specifically targeting additional regions across North America and Europe by 2022. The merger with Tendril Networks allows for a more comprehensive suite of solutions, further supporting their goal to provide innovative customer-facing solutions to electric and gas utilities.
Current Investors
Vision Ridge Partners, Green Tree Equity, Jove Equity Partners
Primary Industry
Software
Sub Industries
Application Integration Software, Analytics & Performance Software
Website
www.simpleenergy.com
Verticals
Clean Technology, Cloud Computing
Company Stage
Series B/Round 2
Total Amount Raised
Subscriber access only
Simple Energy, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Uplight, Inc. | - |
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