Tank Utility Overview
- Year Founded
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2014
- Status
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Acquired/Merged
- Employees
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14
- Latest Deal Type
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M&A
Tank Utility General Information
Description
Manufacturer of a smart metering device designed to provide tank-level data through wireless sensors and smartphone applications. The company combines a low-cost, easy-to-install, wireless tank monitor with secure mobile and web applications that provide real-time status, usage data, pricing and transaction processing, enabling clients to deliver fuel and increase profit, provide efficient service and increase retention by improving the overall customer experience.
Contact Information
Website
www.tankutility.comCorporate Office
- 87 Summer Street
- 5th Floor
- Boston, MA 02110
- United States
Corporate Office
- 87 Summer Street
- 5th Floor
- Boston, MA 02110
- United States
Tank Utility Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 11. Merger/Acquisition | 01-Oct-2021 | Completed | Generating Revenue | |||
| 10. Debt - PPP | 14-Apr-2020 | Completed | Generating Revenue | |||
| 9. Later Stage VC | 10-Feb-2020 | Completed | Generating Revenue | |||
| 8. Seed Round | 02-Jan-2019 | Completed | Startup | |||
| 7. Seed Round | 30-Aug-2016 | Completed | Startup | |||
| 6. Seed Round | 20-Aug-2015 | Completed | Startup | |||
| 5. Grant | 24-Jun-2015 | Completed | Startup | |||
| 4. Accelerator/Incubator | 01-Apr-2015 | Completed | Startup | |||
| 3. Accelerator/Incubator | 01-Jan-2015 | $200K | $200K | Completed | Startup | |
| 2. Product Crowdfunding | 20-Nov-2014 | $12K | Cancelled | Startup |
Tank Utility Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Seed Prime-3 | ||||||||
| Seed Prime-2 | ||||||||
| Seed Prime-1 | 2,025,423 | $0.000010 | 8% | $0.57 | $0.57 | 1x | $0.57 | 9.74% |
| Seed | 4,250,008 | $0.000010 | 8% | $0.53 | $0.53 | 1x | $0.53 | 20.01% |
Tank Utility Comparisons
Industry
Financing
Details
Tank Utility Competitors (9)
One of Tank Utility’s 9 competitors is Wireless Links, a Corporation company based in NJ.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Wireless Links | Corporation | NJ | ||||
| InTouchGPS | Private Equity-Backed | Lakeland, FL | ||||
| GlacierGrid | Venture Capital-Backed | San Francisco, CA | ||||
| Fleetilla | Private Equity-Backed | Ann Arbor, MI | ||||
| SCI | Accelerator/Incubator Backed | Clearwater, FL |
Tank Utility Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Tank Utility Patents
Tank Utility Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-10528910-B2 | Monitoring and reporting a liquid level of a commodity in a tank | Active | 06-Apr-2015 | ||
| US-20160292632-A1 | Monitoring and reporting a liquid level of a commodity in a tank | Active | 06-Apr-2015 | ||
| US-9911095-B2 | Monitoring and reporting a liquid level of a commodity in a tank | Active | 06-Apr-2015 | ||
| US-20200342391-A1 | Monitoring and reporting a liquid level of a commodity in a tank | Inactive | 06-Apr-2015 | ||
| US-20180225624-A1 | Monitoring and reporting a liquid level of a commodity in a tank | Active | 06-Apr-2015 | G06Q10/087 |
Tank Utility Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Tank Utility Former Investors (14)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Array Ventures | Venture Capital | Minority | ||
| Blue Fog Capital | Venture Capital | Minority | ||
| Bolt (VC) | Venture Capital | Minority | ||
| Bullpen Capital | Venture Capital | Minority | ||
| Cleantech Open | Accelerator/Incubator | Minority |
Tank Utility FAQs
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When was Tank Utility founded?
Tank Utility was founded in 2014.
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Where is Tank Utility headquartered?
Tank Utility is headquartered in Boston, MA.
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What is the size of Tank Utility?
Tank Utility has 14 total employees.
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What industry is Tank Utility in?
Tank Utility’s primary industry is Electronic Equipment and Instruments.
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Is Tank Utility a private or public company?
Tank Utility is a Private company.
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What is Tank Utility’s current revenue?
The current revenue for Tank Utility is .
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How much funding has Tank Utility raised over time?
Tank Utility has raised $9.3M.
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Who are Tank Utility’s investors?
Array Ventures, Blue Fog Capital, Bolt (VC), Bullpen Capital, and Cleantech Open are 5 of 14 investors who have invested in Tank Utility.
-
Who are Tank Utility’s competitors?
Wireless Links, InTouchGPS, GlacierGrid, Fleetilla, and SCI are some of the 9 competitors of Tank Utility.
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When was Tank Utility acquired?
Tank Utility was acquired on 01-Oct-2021.
-
Who acquired Tank Utility?
Tank Utility was acquired by Generac Power Systems.
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