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 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 |
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 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 |
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 |
Opower Executive Team (27)
10 Former Executives
You’re viewing 5 of 27 executives. Get the full list »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
You’re viewing 5 of 11 board members. Get the full list »