Steama Company Limited
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Steama Company Limited - overview
Established
2012
Location
Manchester, -, UK
Primary Industry
Software
About
Steama Company Limited provides an innovative smart metering platform that enhances electricity sales management for utility providers, mainly targeting markets in Africa. Founded in 2012 in Manchester, UK, Steama Company Limited specializes in smart metering solutions. The company has raised a total of USD 4. 40 mn, with its latest funding round being a Series B in November 2024.
The most recent deal involved a merger with Shyft Power Solutions, Inc. under undisclosed financial terms. The company's valuation currently stands at USD 7. 395 mn.
SteamaCo specializes in delivering an interoperable smart metering platform tailored for utility companies, especially in African markets. Their scalable IoT Advanced Metering Infrastructure (AMI) system includes prepaid smart metering solutions, enabling utilities to accurately track energy usage and combat theft, thus enhancing operational efficiency and revenue collection. In the most recent year reported, SteamaCo generated revenue of USD 1,134,483. 60 with an EBITDA of USD -754,269.
90, indicating ongoing development in its service offerings. Steama Company Limited is poised for growth through the merger with Shyft Power Solutions, which aims to enhance service offerings and address energy crises across Nigeria and Africa. The recent Series B funding will support the expansion of their smart metering solutions and development of new products, with specific plans to enter additional markets in Africa by late 2025.
Current Investors
Shyft Power Solutions, Inc./Steama Company Limited, ClearlySo, GReeN Investor Group
Primary Industry
Software
Sub Industries
Electric Utilities, Systems Management Software
Website
www.steama.co
Verticals
Cloud Computing, IoT (Internet of Things)
Company Stage
Merged
Total Amount Raised
Subscriber access only
Steama Company Limited - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | Shyft Power Solutions, Inc., Steama Company Limited | - |
Displaying 1 - 1 of 1
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.