Opower Overview
- Founded
- 2007
- Status
- Acquired/Merged
- Employees
- 718
- Latest Deal Type
- M&A
- Latest Deal Amount
- $532M
Opower General Information
Description
Provider of customer engagement and energy efficiency cloud services to utilities. The company's Big Data platform stores and analyzes over 600 billion meter reads from 60 million utility end customers, with a focus on enabling utilities to proactively meet regulatory requirements, decrease the cost to serve, and improve customer satisfaction.
Contact Information
Website
www.opower.com
Formerly Known As
Positive Energy
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Office
- 1515 North Courthouse Road
- 8th Floor
- Arlington, VA 22201
- United States
Opower Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Merger/Acquisition | 17-May-2016 | $532M | 00000 | 00000 | Completed | Generating Revenue |
| 6. Secondary Transaction - Open Market | 31-Dec-2014 | 00000 | Completed | Generating Revenue/Not Profitable | ||
| 5. IPO | 10-Apr-2014 | 00000 | 00000 | 00000 | Completed | Generating Revenue/Not Profitable |
| 4. Later Stage VC (Series C) | 30-Nov-2010 | 0000 | 000.00 | 00000 | Completed | Generating Revenue |
| 3. Early Stage VC (Series B) | 29-Dec-2008 | 0000 | 000.00 | 000.00 | Completed | Generating Revenue |
| 2. Early Stage VC (Series A) | 20-Aug-2007 | $1.55M | $1.55M | 00.000 | Completed | Startup |
| 1. Angel (individual) | Completed | Startup |
Opower Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C | 0,000,000 | 00.000000 | 00.00 | 00.0 | 00.0 | 00 | 00.0 | 00.000 |
| Series B | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
| Series A | 5,377,872 | $0.000005 | $0.02 | $0.29 | $0.29 | 1x | $0.29 | 13% |
| Series SC | 3,600,000 | $0.000005 |
Opower Comparisons
Description
Primary
Industry
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Provider of customer engagement and energy efficiency cloud services to utilities. The company's Big Data platform store
Business/Productivity Software
Arlington, VA
718
As of 2016
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Cologne, Germany
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Cary, NC
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As of 0000
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Request a free trialOpower Competitors (26)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Rockethome | Venture Capital-Backed | Cologne, Germany | 00 | 00.000 | 00000000000 | 00.000 |
| 00000000 00000000 | Private Equity-Backed | Cary, NC | 000 | 0000 | 000000000 | 0000 |
| 00000000000 | Corporation | San Francisco, CA | ||||
| 0000000 | Venture Capital-Backed | Fredericton, Canada | 00 | 00.00 | 0000000000 0 | 00.00 |
| 000000000 | Venture Capital-Backed | Reston, VA | 000 | 0000 | 00000000000 | 0000 |
Opower Patents
Opower Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-10614532-B1 | Interactive analytics platform responsive to data inquiries | Active | 11-Mar-2016 | 000000000 | 00 |
| US-10504081-B1 | Interactive analytics platform with follow-up communications responsive to data inquiries | Active | 11-Mar-2016 | 0000000000 | 0 |
| US-20200226697-A1 | Interactive analytics platform responsive to data inquiries | Pending | 11-Mar-2016 | 000000000 | |
| US-10229464-B2 | System for providing remote building efficiency audits for wind sensitivity | Active | 23-Feb-2016 | 000000000 | 0 |
| US-20170242939-A1 | System for providing remote building efficiency audits for wind sensitivity | Granted | 23-Feb-2016 | G06Q50/06 | 0 |
Opower Executive Team (25)
Opower Board Members (11)
| Name | Representing | Role | Since |
|---|---|---|---|
| Alex Laskey | Opower | Co-Founder, President & Board Member | 000 0000 |
| Dipchand Nishar | Self | Board Member | 000 0000 |
| Gene Riechers | Self | Board Member | 000 0000 |
| Mark McLaughlin JD | Self | Board Member | 000 0000 |
| Mark Sugarman | MHS Capital | Board Director | 000 0000 |
Opower Signals
Growth Rate
0.80%
Weekly
Growth
Growth
Weekly Growth
0.80%, 93rd %ile
-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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Request a free trialOpower Former Investors (19)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|---|---|---|---|---|
| Accel | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Akkadian Ventures | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Ali Partovi | Angel (individual) | Minority | 000 0000 | 000000 0 | |
| E.ON Strategic Co-Investments | Corporate Venture Capital | Minority | 000 0000 | 000000 0 | |
| Eric Ma | Angel (individual) | Minority | 000 0000 | 000000 0 |