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Opower

Opower
2007 FOUNDED
M&A STATUS
701-800 EMPLOYEES
M&A LATEST DEAL TYPE
$532M LATEST DEAL AMOUNT
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.

Website
Formerly Known As
Positive Energy
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Industry
Business/Productivity Software
Other Industries
Database Software
Acquirer
Primary Office
  • 1515 North Courthouse Road
  • 8th Floor
  • Arlington, VA 22201
  • United States
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Opower Valuation and 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
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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
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Opower Competitors (20)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Sisense Venture Capital-Backed Ramat Gan, Israel 000 00000 00000000000 00000
000000 Venture Capital-Backed Santa Cruz, CA 000 00000 000000&0 00000
0000000 000000 Private Equity-Backed Boulder, CO 000 00000 000000000000
00000000 Formerly Accelerator/Incubator backed Knoxville, TN 0 000000&0
00000000 Venture Capital-Backed Oakland, CA 00 000.00 00000000000 000.00
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Opower Former Investors (18)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
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
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Opower Executive Team (27)

Name Title Board
Seat
Contact
Info
Alex Laskey Co-Founder, President & Board Member
Thomas Kramer Chief Financial Officer
Jake Levine Director, Strategy, Office of the President & Chief of Staff
Christopher Angell JD Director, Business Development and Strategic Alliances
Jennifer Boulanger Director, Talent Acquisition

10 Former Executives

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Opower Board Members (11)

Name Representing Role Since Contact
Info
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 Management Board Director 000 0000

6 Former Board Members

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