Modern Energy Overview
- Year Founded
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2016
- Status
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Private
- Employees
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55
- Latest Deal Type
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Debt
- Latest Deal Amount
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$6.12M
- Investors
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3
Modern Energy General Information
Description
Operator of a diversified energy company intended to assure sustainable, reliable, and affordable energy for all. The company partners with clean energy businesses to scale innovations in energy efficiency, distributed generation, and storage, enabling early-stage asset developers to lead the transition to a net-zero carbon economy.
Contact Information
Website
www.modern.energyCorporate Office
- 703 Foster Street
- Durham, NC 27701
- United States
Corporate Office
- 703 Foster Street
- Durham, NC 27701
- United States
Modern Energy Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 4. Debt - General | 18-Nov-2024 | $6.12M | Completed | Generating Revenue | ||
| 3. Debt - General | 23-Jul-2020 | Completed | Generating Revenue | |||
| 2. Early Stage VC | 10-Jul-2020 | $72.8M | $75.7M | Completed | Generating Revenue | |
| 1. Early Stage VC | 06-Oct-2017 | $2.97M | $2.97M | Completed | Generating Revenue |
VC Exit Predictor
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Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
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Modern Energy Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Modern Energy Investors (3)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Blue Bright Ventures | Venture Capital | Minority | ||
| Metropolis Ventures | Corporate Venture Capital | Minority | ||
| Suleman Ali | Angel (individual) | Minority |
Modern Energy Investments (6)
Modern Energy’s most recent deal was a Early Stage VC with NovoHydrogen for . The deal was made on 23-Jul-2024.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| NovoHydrogen | 23-Jul-2024 | Early Stage VC | Energy Production | ||
| Pave Power | 02-May-2023 | Seed Round | Energy Infrastructure | ||
| Industrial Sun | 28-Feb-2023 | PE Growth/Expansion | Energy Production | ||
| Industrial Sun | 01-Nov-2021 | PE Growth/Expansion | Energy Production | ||
| Faro Energy | 17-Feb-2020 | Buyout/LBO | Other Energy Services |
Modern Energy FAQs
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When was Modern Energy founded?
Modern Energy was founded in 2016.
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Where is Modern Energy headquartered?
Modern Energy is headquartered in Durham, NC.
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What is the size of Modern Energy?
Modern Energy has 55 total employees.
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What industry is Modern Energy in?
Modern Energy’s primary industry is Other Energy Services.
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Is Modern Energy a private or public company?
Modern Energy is a Private company.
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What is Modern Energy’s current revenue?
The current revenue for Modern Energy is .
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How much funding has Modern Energy raised over time?
Modern Energy has raised $182M.
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Who are Modern Energy’s investors?
Blue Bright Ventures, Metropolis Ventures, and Suleman Ali have invested in Modern Energy.
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