Tank Utility Overview

  • Year Founded
  • 2014

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 29

Employees

  • Latest Deal Type
  • 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

Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Primary Industry
Electronic Equipment and Instruments
Other Industries
Logistics
Business/Productivity Software
Media and Information Services (B2B)
Parent Company
Corporate Office
  • 87 Summer Street
  • 5th Floor
  • Boston, MA 02110
  • United States
+1 (508) 000-0000

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Tank Utility Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
11. Merger/Acquisition 01-Oct-2021 00.00 Completed Generating Revenue
10. Debt - PPP 14-Apr-2020 00000 00.00 Completed Generating Revenue
9. Later Stage VC 10-Feb-2020 00000 00.00 Completed Generating Revenue
8. Seed Round 02-Jan-2019 000 00.00 0000 Completed Startup
7. Seed Round 30-Aug-2016 00.00 00.00 00.00 Completed Startup
6. Seed Round 20-Aug-2015 00000 Completed Startup
5. Grant 24-Jun-2015 0000 00000 Completed Startup
4. Accelerator/Incubator 01-Apr-2015 00000 Completed Startup
3. Accelerator/Incubator 01-Jan-2015 $200K $200K Completed Startup
2. Product Crowdfunding 20-Nov-2014 $12K Cancelled Startup
To view Tank Utility’s complete valuation and funding history, request access »

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 0,000,000 00.000000 00 00.00 00.00 00 00.00 00.000
Seed Prime-2 000,000 00.000000 00 00.00 00.00 00 00.00 0.000
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%
To view Tank Utility’s complete cap table history, request access »

Tank Utility Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Manufacturer of a smart metering device designed to provide tank-level data through wireless sensors and smartphone appl
Electronic Equipment and Instruments
Boston, MA
29 As of 2021
00.00
000000&0 00.00

000000

ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incidid
0000000000 000000000
Plano, TX
000 As of 0000
0000
000000000000 0000

000000

ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit
0000000000 000000000
NJ
00 As of 0000
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Tank Utility Competitors (5)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Geoforce Private Equity-Backed Plano, TX 000 0000 000000000000 0000
Wireless Links Corporation NJ 00
InTouchGPS Private Equity-Backed Lakeland, FL 00 000000000000
Spireon Private Equity-Backed Irvine, CA 000 000000000000
Senet Venture Capital-Backed Portsmouth, NH 00 000.00 000000&0 000.00
You’re viewing 5 of 5 competitors. Get the full list »

Tank Utility Patents

Tank Utility Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-9911095-B2 Monitoring and reporting a liquid level of a commodity in a tank Active 06-Apr-2015 0000000000 00
US-20200342391-A1 Monitoring and reporting a liquid level of a commodity in a tank Inactive 06-Apr-2015 0000000000
US-20160292632-A1 Monitoring and reporting a liquid level of a commodity in a tank Active 06-Apr-2015 0000000000 00
US-10528910-B2 Monitoring and reporting a liquid level of a commodity in a tank Active 06-Apr-2015 0000000000 00
US-20180225624-A1 Monitoring and reporting a liquid level of a commodity in a tank Active 06-Apr-2015 G06Q10/087 00
To view Tank Utility’s complete patent history, request access »

Tank Utility Executive Team (7)

Name Title Board Seat Contact Info
Kyle Murphy Co-Founder & Chief Technology Officer
Beverly Gaudet Controller
You’re viewing 2 of 7 executive team members. Get the full list »

Tank Utility Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Tank Utility Former Investors (13)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Array Ventures Venture Capital Minority 000 0000 000000 0
Blue Fog Capital Venture Capital Minority 000 0000 000000 0
Bolt (Private Equity) Venture Capital Minority 000 0000 000000 0
Bullpen Capital Venture Capital Minority 000 0000 000000 0
Cleantech Open Northeast Accelerator/Incubator 000 0000 000000 0
You’re viewing 5 of 13 investors. Get the full list »

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