Tracxn - Energy Efficiency Startup Landscape

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Energy Efficiency - Aug 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
TAKE SHARPER DECISIONS
WITH TRACXN
✓ Analyst team Covering 250+ Sectors
✓ Proprietary Business Model tagging
✓ 6000+ On-demand Queries answered
✓ Sector Reports, Market Maps
✓ One-Click Connect with Founders
Join 500+ Investors & Corporates to get the
Tracxn Advantage

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on August 20, 2018.
Energy Efficiency Feed Summary
4
Energy Efficiency > Feed Summary
Energy efficiency is a way of managing and restraining the growth in energy consumption. It delivers more services for the same energy
input, or the same services for less energy input. For example, when a LED bulb uses less energy than an incandescent bulb/CFL bulb to
produce the same amount of light, the LED is considered to be more energy efficient.
• Inclusions: Equipment, products or solutions whose usage will
provide significant energy savings above the market standards and
reduce energy usage when compared to normal conditions are
covered. On products side LED and other energy efficient
appliances & equipment's are covered. Under Solutions Building
energy management systems (BEMS, IEMS, HEMS), web enabled
lighting solutions, smart windows used in construction, and fuel
and engine monitoring are included.
• Exclusions: Traditional companies manufacturing energy star
rated products or appliances and large conglomerates like Johnson
Controls, Schneider Electric, General Electric, Siemens, Honeywell,
Carrier, Emerson, Philips are not covered. Consultancy and service
companies offering knowledge about energy efficient products or
solutions are also not covered.
• Excludes funding information of Chinese companies Feed in Numbers
Overview
$9.7B
Funding
121
Mega
Companies
10633008
FundedCovered on
Tracxn
2
Unicorns
20
Soonicorns
38
Minicorns
101
IPO’d Cos
415
Late Stage Cos
127
46
Acquisitions
146
DeadPooled
152
Acquihired
Series A+ Cos
Itron
(1977, Liberty Lake)
Kontrol Energy Corp
(2006, Mississauga, $679k)
Nest
(2010, Palo Alto, $80M)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Energy Efficiency
5
$200M - Series G
View (2007, Milpitas, $646M)
$61.8M - Series C
Ecobee (2007, Toronto, $155M)
$180M - Series D
Advanced Lighting Technologies (1995,
Solon, $180M)
$43.6M - Series D
Finally Light Bulbs (2013, Boston, $82.3M)
$95M - Series C
Ygrene Energy Fund (2009, Petaluma, $125M)
$40M - Series E
Phononic (2008, Durham, $154M)
$83.3M - Series C
EtaGen (2010, Menlo Park, $133M)
$37.3M - Series C
Aledia (2011, Grenoble, $82.3M)
$82.6M - Series C
Kinestral Technologies (2010, Hayward,
$159M)
$36.3M - Series C
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Energy Efficiency > Feed Summary > Investment Trend Summary
Seed Almi (#4), Demeter (#3), Bolt (#2)
Series A/B
GE Ventures (#3), Constellation Technology Ventures (#3),
Acumen (#2)
Series C+
Braemar Energy Ventures (#3), Aster Capital (#2), Electranova
Capital (#2)
Incubators Climate KIC (#13), Plug and Play Tech Center (#9), Techstars (#8)
Other Notable
Investors
Department of Energy (#9), InnoEnergy (#9), Bpifrance (#7)
Debt Investors
Hercules Capital (#5), Eastward Capital Partners (#4), NXT
Ventures (#4)
Most Active InvestorsRecent Investments
229
252 248
159
68
13
2013 2014 2015 2016 2017 2018*
Y-o-Y # of Companies Founded 144 155 149 141 116 69
$667M
$747M
$1B
$764M
$1B
$526M
2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
$6.8B
$1.2B
$372M
$106M
$54.2M
US
Europe
Canada
Israel
India
$ Funding

Summary of exit outlook in Energy Efficiency
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Almi 3
Chromogenics (2003, Uppsala, $16M)
Svenska Aerogel (2000, Gavle, $2.3M)
Industrifonden 3
SaltX Technology (2001, Stockholm, $16.6M)
WK Technology
Fund
3
Epistar Corporation (1996, Hsinchu)
Lextar Electronics (2008, Hsinchu)
Swedish Energy
Agency
2
EnerTech Capital 2
Comverge (1980, Norcross, $38M)
Distech Controls (1995, Brossard, $37M)
May 2018
Techem International Acq by Caisse de depot et
placement du Quebec for $5.4B
Jul 2017
Ista International Acq by Cheung Kong Property
Holdings for $5.2B
Jun 2015 Hanon Systems Acq by Hankook Tire for $3.6B
Feb 2014 Nest Acq by Google for $3.2B
Nov 2010 Munters Acq by Nordic Capital for $872M
Aug 2007 Color Kinetics Acq by Philips for $791M
Energy Efficiency > Feed Summary > Exit Outlook Summary
Acuity Brands 3
Juno Lighting Group (Nov 2015, $385M), Distech Controls
(Mar 2015, $252M), Adura Technologies (Jan 2013)
Osram 2 Digital Lumens (Aug 2017), LED Engin (Jun 2017)
Cisco 1 JouleX (May 2013, $107M)
Google 1 Nest (Feb 2014, $3.2B)
Siemens 1 Enlighted (May 2018)
Recent IPOs Top Acquisitions
Amulaire Thermal Technology Mar 2016
Developer of power electronics cooling so…
IPO MCap: - Current MCap: -
BuildingIQ Dec 2015
Building Energy Intelligence
IPO MCap: $65.4M Current MCap: -
HP lighting Dec 2015
Manufacturer of LEDs and its packaging so…
Alarm Jun 2015
Wireless security and energy management s…
IPO MCap: $628M Current MCap: $2B
Laster Tech Dec 2016
LED lighting products manufacturer
va-Q-Tec Sep 2016
Vacuum insulation panels manufacturer
IPO MCap: $206M Current MCap: -
Kontrol Energy Corp Aug 2016
Building energy management systems
Plejd Apr 2016
Smart lighting control systems for homes

FACTSHEET
Overview
Companies 3008
Funded 1063 Series A+ 415
Funding $9.7B Last 2 yrs $2.9B
Most Active Investors
Seed Almi (4)
Series A/B GE Ventures (3)
Series C+ Braemar Energy Ventures (3)
Others Department of Energy (9)
Incubators Climate KIC (13)
Top Cities
Bay Area 148 Cos $3.1B
Arlington 2 Cos $326M
Feed in Numbers
Unicorns 2 Soonicorns 20
Minicorns 38 Editor Picks 153
Acquihired 152 Deadpooled 146
Top Companies
Nest (2010, Palo Alto, $80M)
Itron (1977, Liberty Lake)
Kontrol Energy
Corp
(2006, Mississauga, $679K)
Exits
IPOs 101 Alarm, va-Q-Tec
Acquisitions 46 Techem International, Ista
International
Top Acquirers Acuity Brands, Osram
Marketmap: Energy Efficiency
ENERGY MANAGEMENT
HEMS
BEMS
ANALYTICS
THERMOSTATS*
STREET LIGHTING CONTROL*
DEVICE LEVEL MANAGEMENT
LOAD MANAGMENT
METER/SENSOR MONITORING
OFF-GRID MANAGEMENT*
PRODUCTS
HVACR
WASTE HEAT RECOVERY
PREFABRICATED CONSTRUCTION
LIGHTING
MATERIAL & COMPONENT
LED
SERVICE PROVIDERS
IEMS
DATA CENTER MANAGEMENT
THERMAL
LIGHTING-AS-A-SERVICE
PROJECT MANAGEMENT
ENERGY AUDIT
MANAGEMENT SYSTEMS
For any Feedback and Query reach out to MyAnalyst@tracxn.com
* Upcoming Business Model
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
Energy Efficiency > Feed Summary > BlueBox
7

Key Sub Sectors in Energy Efficiency Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Products > Lighting >
Material & Component
Manufacturers
84 $262M 10
Energy Management Systems >
BEMS 227 $71.6M 19
Device Level Management Systems > HVAC
Management > Residential >
Thermostats
56 $110M 9
Products > Thermal Energy >
Engine Efficiency 57 $142M 7
Energy Management Systems > BEMS >
Multi-Site 69 $36.8M 9
Energy Monitoring Systems > Residential >
Meter and Sensor Monitoring >
Load Disaggregation
33 $49.5M 6
Service Providers > Finance Providers >
Direct Financing 18 $142M 5
Energy Management Systems >
IEMS 50 $21.9M 10
Products > Thermal Energy > HVACR >
Refrigeration 10 $83.7M 5
Products >
Other Appliances & Equipment 14 $68.2M 5
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Products
Companies manufacturing appliances, equipment or
products having lower energy consumption...
1413 492 $5.7B
Device Level Management Systems
Companies offering energy management systems to
measure, monitor and control the energy...
331 154 $1.3B
Energy Management Systems
Companies offering energy management systems, a
combination of software and hardware...
416 177 $1.1B
Service Providers
Companies offering energy services like installation,
project management, financing and...
475 104 $1.1B
Energy Monitoring Systems
Companies offering systems to monitor the energy
consumption but not to control or manage...
259 87 $251M
Load Management Systems
Companies offering load management systems which
apply demand response programs
39 24 $166M
Off-grid Management Systems
Companies offering energy management systems for
monitoring off-grid energy generation...
20 11 $69.3M
Energy Efficiency > Feed Summary > Summary of Key Markets

List of Notable Companies in Energy Efficiency
Notable Companies in the Sector (1/3)
9
Note: *(Founded Year, Location, Total Funding)
Energy Efficiency > Feed Summary > Notable Companies in the Sector
Public
Alarm
(2000, Washington D.C.,
$165M)*
SemiLEDs
(2005, Miaoli)
Energy Recovery
(1992, San Leandro, $5M)
Orion Energy Systems
(1996, Manitowoc, $10.5M)
TCP Lighting
(1993, Cham)
Aspen Aerogel
(2001, Northborough, $121M)
va-Q-Tec
(2001, Wurzburg)
Lumens Co.
(1999, Yongin)
Lumimicro
(2002, Suwon-si)
BuildingIQ
(2009, Foster City, $16.1M)
Public
Utilitywise
(2006, Newcastle Upon Tyne)
Sabien Technology
(2004, Watford)
Quantify Technology
(2005, Perth)
BluGlass
(2005, Silverwater)
Eden Innovations
(2004, Denver)
Vivid Technologies
(2008, Melbourne)
PhotonStar LED
(2007, Southampton)
Aeris Environmental
(2000, Rosebery)
Celsia
(1919, Medellin, $515M)
Lighting Science Group
(1996, Melbourne, $469M)
Public
Rubicon
(2001, Bensenville, $49.1M)
Revolution Lighting
Technologies
(1991, Stamford, $35M)
Asetek
(2000, Aalborg, $34M)
Telkonet
(1999, Milwaukee, $25.7M)
Lumenpulse
(2006, Montreal, $21M)
SaltX Technology
(2001, Stockholm, $16.6M)
Chromogenics
(2003, Uppsala, $16M)
Viper
(2000, Troy, $10M)
Intelligent Highway
Solutions
(2011, Rancho Cordova, $5M)
Public
Evolucia
(2012, Sarasota, $5M)
Heliospectra
(2006, Gothenburg, $4.5M)
Trans-Lux
(1920, New York City, $4.3M)
Svenska Aerogel
(2000, Gavle, $2.3M)
Plejd
(2009, Gothenburg, $1.4M)
Attune RTD
(2001, Palm Springs, $1.2M)
Kontrol Energy Corp
(2006, Mississauga, $679k)
CRS Electronics
(1998, Welland, $668k)
Green Ballast
(2011, Memphis, $100k)
Itron
(1977, Liberty Lake)
Public
Chicony
(2008, Taipei)
Excellence Opto Inc
(1995, Hsinchu)
GE Link
(2014, Boston)
Hoenle
(1976, Munich)
Johnson Controls
(1885, Milwaukee)
Kofler Energies
(1999, Berlin)
Kumho Electric
(1935, Mapo-dong)
Ledtech
(1977, City Of Industry)
Lucibel
(2008, Paris)
NFO Drives
(1996, Karlshamn)

10
Public
Novaday
(2010, Vienne)
Oasistek
(1974, Taipei)
Option
(1986, Leuven)
SavWatt
(2010, New York City)
Termoexpert
(2005, Kedzierzyn-kozle)
WiseChip
(2005, Hsinchu)
Energy Edge Solutions
(2004, Bridgewater)
Energy Focus
(1985, Akron)
epileds
(2006, Tainan)
GIO Optoelectronics
(2004, Tainan)
Public
Industrial Nanotech
(2004, Naples)
Iwasaki Electric
(1944, Tokyo)
LUG
(1989, Zielona Gora)
ONEnergy
(1999, Toronto)
Onsite Energy
(1982, Carlsbad)
Quadlogic Controls
(1982, Long Island City)
Termo2Power
(2015, Warsaw)
Thermal Energy
(1995, Ottawa)
Zephyro
(2000, Milano Marittima)
Acuity Brands
(2001, Atlanta)
Public
Amulaire Thermal
Technology
(2011, Taipei)
Autopal
(1971, Jaipur)
ClearSign Combustion
Corporation
(2008, Seattle)
Cree
(1987, Durham)
Cyberlux
(2000, Durham)
Dialight
(1938, Farmingdale)
Energy Mad
(2004, Christchurch)
Enersize
(2010, Ulvila)
Epistar Corporation
(1996, Hsinchu)
Public
Everlight Electronics
(1983, Taipei)
GE Lighting
(1911, Phoenix)
GreenChek Technology
(2008, San Francisco)
HP lighting
(2005, Taipei)
Jenoptik
(1991, Jena)
Laster Tech
(1999, Taipei)
Ledtech Electronics
(1977, Taipei)
Legend Power
(2001, Burnaby)
Lextar Electronics
(2008, Hsinchu)
Ligitek
(1989, Taipei)
Public
LSI Industries
(1976, Cincinnati)
Lustrous Technology
(2004, Taipei)
Macroblock
(1999, Hsinchu)
Nuri Telecom
(1992, Seoul)
PowerSecure Lighting
(2008, Stamford)
Smartcool Systems
(2000, Vancouver)
SolisTek
(2010, Carson)
Starlite Components
(1991, Nashik)
Technovator
International
(2005, Singapore)
Tekcore
(1998, Nantou)

11
Public
Tons Lightology
(1992, Taipei)
Veeco
(1945, Plainview)
Zumtobel Group
(1950, Dornbirn)
Acquired
Techem International
(1952, Eschborn)
Ista International
(1902, Essen)
Hanon Systems
(1986, Daejeon)
Nest
(2010, Palo Alto, $80M)
Novar
(1964, Cleveland)
Munters
(1955, Beverly)
Color Kinetics
(1997, Burlington, $61M)
Ruud Lighting
(1982, Racine)
Flos
(1962, Bovezzo)
PowerSecure
(1991, Wake Forest)
Acquired
Juno Lighting Group
(1976, Los Angeles)
Novaled
(2003, Dresden, $35M)
Ecova
(1995, Spokane)
NextLight
(2008, Cincinnati)
Distech Controls
(1995, Brossard, $37M)
Curamik
(1983, Neustadt An Der
Waldnaab)
Ledil
(2002, Salo, $63M)
JouleX
(2009, Atlanta, $19M)
Comverge
(1980, Norcross, $38M)
Unicorns
View
(2007, Milpitas, $646M)

List of Notable Companies by Market in Energy Efficiency
Notable Companies by Market (1/15)
13
Energy Efficiency > Feed Summary > Notable Companies by Market
Products
Lighting
Lighting Science Group (1996, Melbourne,
$469M)
LED bulbs manufacturer
Stage: Public
Serengeti Asset Management, Pegasus Capital
Advisors, Riverwood Capital and 1 Other Investors
Bridgelux (2002, Sunnyvale, $219M)
LED Chip Company
Soonicorn. Stage: Acquired
Kaistar Lighting, VantagePoint Capital Partners,
DCM Ventures and 9 Other Investors
Illumitex (2005, Austin, $75.8M)
LED grow lights for horticulture, industrial and
architecture
Soonicorn. Stage: Series C
WP Global Partners, New Enterprise Associates,
Morgan Creek Capital Management and 7 Other
Investors
Lighting
Ledil (2002, Salo, $63M)
LED reflectors and optical components
manufacturer
Stage: Acquired
Color Kinetics (1997, Burlington, $61M)
Color changing LED products
Stage: Acquired
Needham Capital Partners, Cree, Valence Partners
and 3 Other Investors
Rubicon (2001, Bensenville, $49.1M)
Monocrystalline sapphire products
Stage: Public
Vencore Capital, Hercules Capital, Allos Ventures
Novaled (2003, Dresden, $35M)
OLED manufacturer and technology developer
Stage: Acquired
Samsung Venture Investment, ECapital,
TechnoStart and 11 Other Investors
Lighting
Revolution Lighting Technologies (1991,
Stamford, $35M)
LED designing and manufacturing
Stage: Public
Plymouth Growth Partners
Lumenpulse (2006, Montreal, $21M)
Architectural LED lighting manufacturer
Stage: Public
Silicon Valley Bank, W investments
Orion Energy Systems (1996, Manitowoc,
$10.5M)
LED lighting systems and retrofit solutions for
commercial and industrial segments
Stage: Public
Expansion Capital Partners
Viper (2000, Troy, $10M)
Developer of LED lighting with smart grid
applications
Stage: Public

14
Products
Lighting
Evolucia (2012, Sarasota, $5M)
Design & manufacturer of LED lighting systems
Stage: Public
Heliospectra (2006, Gothenburg, $4.5M)
Horticulture LED lighting systems
Editor's Pick. Stage: Public
Midroc, Industrifonden, Midroc New Technology
Trans-Lux (1920, New York City, $4.3M)
Provides LED lighting and display technology
solutions
Stage: Public
CRS Electronics (1998, Welland, $668k)
Manufacturer of high efficiency LED lighting
Stage: Public
Green Ballast (2011, Memphis, $100k)
Energy saving ballasts for day lighting systems
Stage: Public
Lighting
BluGlass (2005, Silverwater)
Semiconductor material for LEDs, Power
Electronics and Utility Scale solar plants
Stage: Public
Government of Australia, SPTS Technologies
Chicony (2008, Taipei)
Lighting and power supply solutions provider
Stage: Public
Excellence Opto Inc (1995, Hsinchu)
Developer of high efficiency LEDs
Stage: Public
UMC Capital
GE Link (2014, Boston)
Connected LED bulbs by GE
Stage: Public
Hoenle (1976, Munich)
Multi-field UV solutions provider
Stage: Public
Taaleri
Lighting
Kumho Electric (1935, Mapo-dong)
Lighting solutions provider
Stage: Public
Ledtech (1977, City Of Industry)
Components manufacturer for the lighting industry
Stage: Public
Lucibel (2008, Paris)
Develops luminaires for simulating daylight, and
builds other LiFi-compatible luminaires and
accessories
Stage: Public
Novaday (2010, Vienne)
LED lighting solutions provider
Stage: Public
Oasistek (1974, Taipei)
LED components manufacturer for display
applications
Stage: Public
SavWatt (2010, New York City)
Manufacturer of LED-based lighting products
Stage: Public

15
Products
Lighting
SemiLEDs (2005, Miaoli)
Patented ultrahigh brightness LED chips
Stage: Public
Vivid Technologies (2008, Melbourne)
Energy Efficiency technology developer
Stage: Public
Victorian Clean Technology Fund
WiseChip (2005, Hsinchu)
OLED based display manufacturers
Stage: Public
Energy Focus (1985, Akron)
LED lighting products manufacturer and technology
developer
Stage: Public
Ohio Department of Development
epileds (2006, Tainan)
Provider of components for LED-based products
Stage: Public
Foxconn Electronics
Lighting
GIO Optoelectronics (2004, Tainan)
Manufacturer of LED lighting products
Stage: Public
Iwasaki Electric (1944, Tokyo)
LED products manufacturer
Stage: Public
LUG (1989, Zielona Gora)
Manufacturer of indoor and outdoor LED lighting
solutions
Stage: Public
Acuity Brands (2001, Atlanta)
World leading brands of LED lighting
Stage: Public
Autopal (1971, Jaipur)
Stage: Public
Lighting
Cree (1987, Durham)
LED bulbs and components, Radio frequency
applications
Stage: Public
Renaissance Ventures
Cyberlux (2000, Durham)
LED lighting systems for military applications
Stage: Public
Dialight (1938, Farmingdale)
Developer of LED lighting products
Stage: Public
Energy Mad (2004, Christchurch)
LED bulbs manufacturer
Stage: Public
SuperLifeNZ, HSBC Group

16
Products
Lighting
Epistar Corporation (1996, Hsinchu)
Largest LED manufacturer in Taiwan
Stage: Public
WK Technology Fund, Industrial Technology
Investment Corporation, Harbinger Venture
Management
Everlight Electronics (1983, Taipei)
Taiwan's LED manufacturer
Stage: Public
Flos (1962, Bovezzo)
Complete lighting products manufacturer
Stage: Acquired
GE Lighting (1911, Phoenix)
World wide LED manufacturer
Stage: Public
HP lighting (2005, Taipei)
Manufacturer of LEDs and its packaging solutions
Stage: Public
Lighting
Jenoptik (1991, Jena)
Optical Systems, Healthcare & Industry,
Automotive, Traffic Solutions and Defense & Civil
Systems
Stage: Public
BM IT investment management thuringen
Juno Lighting Group (1976, Los Angeles)
Leading manufacturer of lighting fixtures and
related products.
Stage: Acquired
Schneider Electric
Laster Tech (1999, Taipei)
Stage: Public
Ledtech Electronics (1977, Taipei)
LED lighting components and displays
manufacturer
Stage: Public
WK Technology Fund
Lighting
Lextar Electronics (2008, Hsinchu)
LED for backlighting and smart control systems
Stage: Public
WK Technology Fund
Ligitek (1989, Taipei)
Provides LED optoelectronic semiconductor
solutions
Stage: Public
LSI Industries (1976, Cincinnati)
Lighting solutions, Graphic solutions, wireless
control solutions and LED video solutions
Stage: Public
Lumens Co. (1999, Yongin)
Leading LED manufacturer
Stage: Public
KTB Ventures
Lumimicro (2002, Suwon-si)
LED package and set manufacturer
Stage: Public
SBI Investment Korea

17
Products
Lighting
Lustrous Technology (2004, Taipei)
LED Packaging products
Stage: Public
Macroblock (1999, Hsinchu)
LED Driver ICs and related mixed signal solutions
Stage: Public
PowerSecure Lighting (2008, Stamford)
LED products manufacturer
Stage: Public
Ruud Lighting (1982, Racine)
Developer of lighting fixtures for industrial and
residential use
Stage: Acquired
Merit Capital Partners
SolisTek (2010, Carson)
LED grow light solutions for controlled
environment horticulture
Stage: Public
Lighting
Starlite Components (1991, Nashik)
Lighting products and components manufacturer
Stage: Public
TCP Lighting (1993, Cham)
LED, fluorescent and halogen lamps and lighting
products
Stage: Public
Encina Business Credit
Tekcore (1998, Nantou)
LED wafer and chip production company
Stage: Public
Tons Lightology (1992, Taipei)
Stage: Public
Zumtobel Group (1950, Dornbirn)
Lighting products group
Stage: Public
Kohlberg Kravis Roberts
Thermal Energy
Providing solid state thermal management
solutions
Soonicorn. Stage: Series E
UBS, GGV Capital, Lookout Capital and 6 Other
Investors
Achates Power (2004, San Diego, $136M)
Internal combustion engine
Soonicorn. Stage: Series D
Oil and Gas Climate Initiative, Department of
Energy, NCMS CTMA and 5 Other Investors
Aspen Aerogel (2001, Northborough, $121M)
Thermal insulation solutions
Stage: Public
ARPA-E, RockPort Capital, Tenaya Capital and 7
Other Investors

18
Products
Thermal Energy
TAS Energy (1999, Houston, $60M)
Energy efficient turbine air systems
Kleiner Perkins, Element Partners, NGP Energy
Technology Partners and 7 Other Investors
Alphabet Energy (2009, Hayward, $52.7M)
Developer of thermoelectric materials for waste
heat recovery
Schlumberger, GM Ventures, TPG and 7 Other
Investors
Asetek (2000, Aalborg, $34M)
Energy efficient cooling systems
Stage: Public
Northzone, Sunstone, KT Venture Group and 2
Other Investors
Thermal Energy
SaltX Technology (2001, Stockholm, $16.6M)
Solar-powered air conditioner
Northzone, Skirner, Soria Futuro and 2 Other
Investors
Develops advanced aerogel material
Stage: Public
European Commission, Almi,
Sandvikeninvesterarna and 3 Other Investors
Eden Innovations (2004, Denver)
Carbon nanotube concrete mixture, Diesel
generator retrofits for increasing fuel efficiency
Stage: Public
Augusta Economic Development Authority
va-Q-Tec (2001, Wurzburg)
Vacuum insulation panels manufacturer
Stage: Public
Zouk Capital, BayBG
Thermal Energy
Industrial Nanotech (2004, Naples)
Nanotechnology based insulation coatings
Stage: Public
NANOINVEST
Termo2Power (2015, Warsaw)
Waste heat to electricity conversion products
manufacturer
Stage: Public
Thermal Energy (1995, Ottawa)
Industrial waste heat recovery systems
Stage: Public
BDC
Amulaire Thermal Technology (2011,
Taipei)
Developer of power electronics cooling solutions
Stage: Public
Asiavest Partners, JAFCO Asia, Tallwood Venture
Capital and 1 Other Investors

19
Products
Thermal Energy
ClearSign Combustion Corporation (2008,
Seattle)
Combustion efficiency enhancement technology
Stage: Public
GreenChek Technology (2008, San Francisco)
Hydrogen generation and storage
Stage: Public
Hanon Systems (1986, Daejeon)
Thermal management systems for automobile
industry
Stage: Acquired
Feddev Ontario
Munters (1955, Beverly)
Energy efficient air treatment systems, HVAC etc
Stage: Acquired
Sabien Technology (2004, Watford)
Water heater and boiler controls
Stage: Public
Thermal Energy
Smartcool Systems (2000, Vancouver)
HVAC energy efficiency products
Stage: Public
Construction
Smart window glass for buildings
Unicorn. Stage: Series G
BlackRock, TIAA, NZ Super Fund and 14 Other
Investors
$159M)
Smart tinted glass
GPB Capital, The Angels’ Forum, AGC Glass
Company and 9 Other Investors
ProjectFrog (2006, San Francisco, $61M)
Energy efficient buildings
Comerica, Trinity Capital Investment, McNally

20
Products
Construction
Dynamic glass to save energy and increase comfort
Stage: Public
Swedish Energy Agency, Volvo Group, DuPont and 2
Other Investors
Other Appliances & Equipment
Celsia (1919, Medellin, $515M)
Energy efficient solutions provider
Stage: Public
Kalray (2008, Montbonnot-saint-martin, $27M)
Low power many core processors for autonomous
vehicles and data centers
Soonicorn. Stage: Series B
Eurekap, INOCAP GESTION, Alliance Venture and 5
Other Investors
Energy Recovery (1992, San Leandro, $5M)
High capacity energy recovery devices
Stage: Public
Crystal Bay Capital
NFO Drives (1996, Karlshamn)
Energy efficient frequency inverters for electrical
motors
Stage: Public
Curamik (1983, Neustadt An Der Waldnaab)
Energy efficient ceramic substrate manufacturer
Stage: Acquired
Other Appliances & Equipment
Legend Power (2001, Burnaby)
Energy savings with voltage reduction
Stage: Public
GMP Securities, Canaccord Genuity, Haywood
Veeco (1945, Plainview)
Provides process equipment solutions for
manufacture of LEDs, Power Electronics, MEMs etc
Stage: Public
Department of Energy

21
Suite
Option (1986, Leuven)
Provides cloud-based platform for connectivity and
security of M2M applications
Stage: Public
Gimv, Expon Capital
Nuri Telecom (1992, Seoul)
Smart Grid and Energy Management systems
Stage: Public
BEMS
Distech Controls (1995, Brossard, $37M)
Building management solutions
Stage: Acquired
Export Development Canada, Caisse de depot et
placement du Quebec, Fonds de solidarite FTQ and
2 Other Investors
Telkonet (1999, Milwaukee, $25.7M)
HVAC energy management
Stage: Public
JPMorgan Chase & Co., Thermo Credit
EnTouch Controls (2009, Richardson, $20.2M)
Energy management solutions
Egis Capital Partners, Traverse Venture Partners,
Aster Capital and 6 Other Investors
BuildingIQ (2009, Foster City, $16.1M)
Building Energy Intelligence
Stage: Public
Aster Capital, Paladin Capital, next47 and 4 Other
Investors
BEMS
Kontrol Energy Corp (2006, Mississauga,
$679k)
Johnson Controls (1885, Milwaukee)
Manufacturer and supplier of automotive batteries
and HVAC systems
Stage: Public
Keyes Capital
Ecova (1995, Spokane)
Energy savings solutions for commercial and
Industrial spaces
Stage: Acquired
Insight Venture Partners, Engie
Novar (1964, Cleveland)
Multi-site energy management
Stage: Acquired
Morgenthaler

22
BEMS
Technovator International (2005,
Singapore)
Multi-site building energy management systems
Stage: Public
ZANA Capital, CTC Capital
IEMS
Enersize (2010, Ulvila)
Compressed air efficiency management solutions
for industries and plants
Stage: Public
Scania Growth Capital, Cleantech Invest
HEMS
Alarm (2000, Washington D.C., $165M)
Wireless security and energy management systems
Stage: Public
Technology Crossover Ventures, ABS Capital, Egis
Capital Partners

23
HVAC Management
Apple homekit compatible digital programmable
thermostat that helps in customizing temperature
settings.
Caisse de depot et placement du Quebec, AGL
Energy, BDC and 13 Other Investors
Hardware and software for monitoring home
energy consumption.
Unicorn. Stage: Acquired
Venrock, GV, Lightspeed Venture Partners and 9
Other Investors
Tado (2011, Munich, $57M)
Smart AC management devices for homes
Inven Capital, Target Partners, Shortcut Ventures
HVAC Management
Netatmo (2011, Paris, $37.8M)
Thermostat, video monitoring and personal
weather station and air quality sensor devices for
use with Android and iOS apps.
Legrand, Iris Capital, Bpifrance and 1 Other
Investors
Aeris Environmental (2000, Rosebery)
HVAC Optimization systems with patented
technology
Stage: Public
Lighting Control Systems
Enlighted (2009, Sunnyvale, $83M)
Sensor-based smart lighting optimization
RockPort Capital, DFJ, Tao Capital Partners and 11
Other Investors
Sensity Systems (2010, Sunnyvale, $74M)
Light sensory network solutions
Trinity Capital Investment, Cisco Investments,
Acuity Brands and 8 Other Investors
Digital Lumens (2008, Boston, $65M)
Intelligent LED based lighting solutions
Flybridge Capital Partners, Black Coral Capital,
Aster Capital and 2 Other Investors
Plejd (2009, Gothenburg, $1.4M)
Smart lighting control systems for homes
Stage: Public
Almi

24
Lighting Control Systems
Quantify Technology (2005, Perth)
Developer sensors for commercial buildings
Stage: Public
Allectus Capital
PhotonStar LED (2007, Southampton)
LED modules and connected lighting
Stage: Public
Power Management Systems
JouleX (2009, Atlanta, $19M)
Energy monitoring in data centers
Stage: Acquired
Sigma Partners, Flybridge Capital Partners, Intel
Residential & Commercial
Ista International (1902, Essen)
Energy data monitoring and analysis solutions
Stage: Acquired
ESW Capital, Charterhouse Capital Partners,
RAZORHORSE and 1 Other Investors

25
Residential
FirstFuel (2011, Lexington, $45M)
Energy use intelligence
Energy Impact Partners, Next World Capital,
Battery Ventures and 5 Other Investors
Commercial & Industrial
Quadlogic Controls (1982, Long Island City)
Smart meters and energy monitoring systems for
buildings
Stage: Public
Comverge (1980, Norcross, $38M)
Demand response and energy efficiency
Stage: Acquired
RockPort Capital, Nth Power, EnerTech Capital and
5 Other Investors
Attune RTD (2001, Palm Springs, $1.2M)
Peak demand response and price savings
Stage: Public
Itron (1977, Liberty Lake)
End to End solutions for smart grid
Red Rock Ventures

26
Service Providers
Project Management
Intelligent Highway Solutions (2011,
Rancho Cordova, $5M)
Service provider for project management of energy
efficient systems installations.
Stage: Public
Kofler Energies (1999, Berlin)
Provider of industrial and building energy efficiency
services
Stage: Public
PowerSecure (1991, Wake Forest)
Energy efficiency and smart grid solutions
Stage: Acquired
Citigroup, BB&T, Glen Capital
Termoexpert (2005, Kedzierzyn-kozle)
Thermal energy optimisation solution provider
Stage: Public
Energy Edge Solutions (2004, Bridgewater)
Energy saving consulting and project management
company
Stage: Public
Project Management
ONEnergy (1999, Toronto)
Energy efficiency solutions provider
Stage: Public
Zephyro (2000, Milano Marittima)
Integrated energy management solutions provider
Stage: Public
Techem International (1952, Eschborn)
Energy service company
Stage: Acquired
BC Partners
Finance Providers
Renovate America (1999, San Diego, $170M)
Provider of financing programs for water and
energy efficient home improvements
Soonicorn. Stage: Series E
Bank of America, DFJ, Silver Lake and 6 Other
Investors
Renew Financial (2008, Oakland, $125M)
Financing solutions for renewable energy projects
Morgan Stanley, Barclays, Angeleno Group and 6
Other Investors
Clean energy financing solutions provider
Lightyear Capital, Virgo Investment Group

27
Service Providers
Energy Audit
Onsite Energy (1982, Carlsbad)
Industrial energy audit and energy saving
consultancy company
Stage: Public
Energy Comparison
Utilitywise (2006, Newcastle Upon Tyne)
Electricity, gas & water prices comparison service
provider
Stage: Public
Middleton Enterprises
Online Retailers
Online Retailers
NextLight (2008, Cincinnati)
Online retailer of LED-based lighting products for
horticultural lighting applications
Stage: Acquired
Energy Capital Partners

List of Notable Companies in Energy Efficiency in China
Notable Companies in the Sector in China
28
Energy Efficiency > Feed Summary > Notable Companies in the Sector in China
Public
Hc Semitek
(2005, Wuhan, $31.7M)
Foshan Guoxing
Optoelectronics
(1969, Foshan)
Shenzhen Mayor Group
(2005, Nanshan)
Ledman Optoelectronic
(1993, Shenzhen)
Dongguan Kingsun
Optoelectronic
(2011, Dongguan)
Hongli Zhihui Group
(2004, Guangzhou)
Linyang Energy
(1995, Nantong)
Opple Lighting
(1996, Shanghai)
San’an Optoelectronics
(2001, Xiamen)
Public
Shenzhen Jiawei
Photovoltaic Lighting
(1993, Shenzhen)
Shenzhen Mason
Technologies
(2002, Shenzhen)
Unilumin Group
(2004, Shenzhen)
Changelight
(2006, Xiamen)
Jufei Optoelectronics
(2005, Shenzhen)
NVC Lighting
(1998, Guangdong)
Acquired
Cotco
(1982, Hong Kong)

Recent News in Energy Efficiency Sector
Recent News
29
Aug 2018
Johnson Controls Rolls Out Cortana-Embedded Smart Thermostat,
PYMNTS
Aug 2018 Evolt partners with WiZ Connected Lighting, ecdonline.com.au
Aug 2018
Global Thermal Management Products for Semiconduct Microchips
Market Analysis (2018 – 2025) – ETRI, Laird Technologies, Marlow
Industries Inc., Control Resources, Cool Innovations, iCrowdNewswire
Aug 2018
King Abdullah University of Science and Technology (KAUST)
Chooses Heliospectra for New Speed Breeding Program, PR Newswire
Aug 2018
Mini LED backplanes to push LCD dynamic range, European Business
Press
Aug 2018
Luxury Chandeliers Market- increasing demand with Industry
Professionals: Elegant Lighting, Generation Brands, Koninklijke
Philips, iCrowdNewswire
Aug 2018
Voice-controlled Glas thermostat supports Cortana, Alexa, and
Google Assistant, VentureBeat
Aug 2018
Global Sapphire Glass Market Overview 2018: STC, Monocrystal,
Rubicon Technology, kyocera, Namiki, Saint-Gobain, DK AZTEC,
SCHOTT, truthweek.com
Aug 2018
WebRezPro PMS Partners with PointCentral for Enterprise
Property Automation, PRWeb
Aug 2018
LSI Industries misses Wall Street estimates in 4Q, swinging to a loss
as lighting sales dim, Proactive Investors
Aug 2018 Aquicore and TZOA Announce Strategic Partnership, PRWeb
Aug 2018 SGM Light A/S Joins Forces with Matrix, mondo
Key Recent News Key Recent News
Aug 2018
Road Llighting Fixtures Market Report 2018-2025 : Tom Dixon,
Verpan, Artemide, iCrowdNewswire
Aug 2018
Commercial Kitchen Ventilation Systems Market will reach 2610
million $ previously it was 2175 million $ in 2017, iCrowdNewswire
Aug 2018
ElectraTherm and US Navy demonstrate shipboard waste heat
recovery, Bioenergy International
Aug 2018 Illumitex Expands North Creating Canadian Subsidiary, PRWeb
Aug 2018
SYLVANIA General Lighting Recognized by Press, IES Progress
Report, PressReleasePoint
Aug 2018 Siemens’ Acquisition of Workplace App Comfy, Global Legal Chronicle
Aug 2018
Bodil Sonesson Will Start as President and CEO for AB Fagerhult on
the 8th of October, PR Newswire
Aug 2018
Internet of Things' joint venture set to sell innovative workspace
technology in China, Tech Capital
Aug 2018 Telkonet reports Q2 results, Seeking Alpha
Aug 2018
Veeco’s GEN10 automated MBE cluster system wins Max Planck
Institute tender to support research on oxide-nitride layer
structures, Semiconductor Today
Aug 2018
NF Energy Saving Corporation Announces 2018 Second Quarter
Financial Results, PR Newswire
Aug 2018
Energy Recovery Announces Appointment of Josh Ballard as Chief
Financial Officer, PR Newswire
Aug 2018 Energy Recovery names Ballard as new CFO, Seeking Alpha
Energy Efficiency > Feed Summary > Recent News

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
30
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Big Data Infrastructure
Jul 2018
Corporate Learning
Jul 2018
Field Crops
Jul 2018

$545M
$635M
$667M
$747M
$1.0B
$764M
$1.0B
$526M
0
20
40
60
80
100
120
140
160
180
$0k
$200M
$400M
$600M
$800M
$1.B
$1.2B
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
Investments ($M) and number of rounds in Energy Efficiency; 2011-2018
Global Funding Trends (1/2)
32
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Energy Efficiency > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 9% # of Rounds11% $ Funding
1% # of Rounds
11% $ Funding

$30M $17M $25M $43M $36M $44M $40M $19M
$304M $390M
$321M $292M $518M
$240M $400M
$172M
$212M $227M $321M $412M $491M $481M $585M $335M
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
44 43 66 71 67 59 39 22
61 50
60 57 56 54
53 30
19 20 18 27 26 28 24 17
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
124
69
Total # of Rounds
$106M
$260M
$310M
$352M
$724M
$438M
$702M
$340M
0
2
4
6
8
10
12
14
0
100000000
200000000
300000000
400000000
500000000
600000000
700000000
800000000
2011 2012 2013 2014 2015 2016 2017 2018 YTD
$ Funding # of Rounds
33
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Energy Efficiency; 2011-2018
Energy Efficiency > Investment Trends > Global Funding Trends
106
68
64
64
57
48
22
429
$2.0M
$3.9M
$0.0M
$2.0M
$4.0M
$6.0M
$8.0M
$10.0M
$12.0M
0
50
100
150
200
250
300
350
400
450
500
2012 2013 2014 2015 2016 2017 2018 YTD Total
Entrants in Funding Club Avg. Ticket Size
3 5 8 9 13 11 12 8 $2M $2.1M $1.4M $5.3M $2.9M $9.8M $3.6M $3.9M
$545M
$526M
Total $ Invested

Energy Efficiency > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Energy Efficiency
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 3.1B 190
Arlington 326M 12
San Diego 309M 21
Boston 272M 36
Washington D.C. 189M 12
Toronto 188M 20
Austin 186M 44
Solon 180M 1
Durham 158M 11
Northborough 121M 5
Total Funding
889
386
57
31
34
12
6
3
# Rounds
$6.8B
$1.2B
$372M
$106M
$54.2M
$25.6M
$18.2M
$12.4M
US
Europe
Canada
Israel
India
Australia
Japan
Latam
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.8
$0.6 $0.5
$0.8 $0.8
$1.0 $1.2
2011 2012 2013 2014 2015 2016 2017
$4.0 $4.6
$5.6
$3.7
$9.5 $5.6
$7.5
$9.9
$12.0
$7.3
$10.1
$16.6
$6.2
$12.3
$14.1 $12.6
$22.9
$17.9
$22.3 $18.5
$45.0
Energy Efficiency > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Energy Efficiency; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$5K* $6.2M
$57.2K $180M
$300K $137M
$150K $200M
$11M
$7M
$3.3M
$500K
Series C+
Series B
Series A
Seed
Stage

Note: 553 companies with undisclosed funding amount are not included
36
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
132
242
131
23
20
No. of Companies
Energy Efficiency > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Energy Efficiency; as of Aug 2018
Distribution of companies by Funding Range
$47M
$946M
$2.8B
$1.5B
$4.4B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
35%
14%
7%
4%
37
Note: Numbers in the brackets show the count of companies
Time to raise
next round
127
207
415
1063
3008
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
35% 5%
(137)
4%
(120)
6%
(180)
5%
(146)
54%
(1619)
39% 11%
(114)
9%
(97)
10%
(111)
5%
(58)
45%
(479)
50% 11%
(45)
7%
(28)
17%
(71)
6%
(23)
27%
(114)
61% 17%
(35)
9%
(18)
27%
(55)
3%
(7)
9%
(18)
- 22%
(28)
10%
(13)
25%
(32)
2%
(2)
14%
(18)
Energy Efficiency > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Energy Efficiency
Funding Funnel
19 Months
19 Months
22 Months
Investment backedBootstrapped
20
2
44
80
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Energy Efficiency > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Energy Efficiency; Aug 2016-Aug 2018
Notable Investments in last 24 months (1/4)
LATE STAGE
$200M - Series G Jun 2017
Smart window glass for buildings
BlackRock, TIAA
$180M - Series D Sep 2017
Advanced Lighting Technologies (1995,
Solon, $180M)
Manufacturer of energy efficient lighting systems
and coatings
$95M - Series C Dec 2016
Clean energy financing solutions provider
Lightyear Capital
$83.3M - Series C Jan 2018
Linear generator which drive magnets through
copper coils to produce electricity
American Electric Power, Centrica, Statoil, Louis M.
Bacon, Khosla Ventures, Bill Gates
LATE STAGE
$159M)
Smart tinted glass
AGC Glass Company, rmes-Epitek, 5AM Ventures,
Capricorn, Mitsubishi UFJ Capital, Versant Ventures,
Alexandria Venture Investments
$61.8M - Series C Mar 2018
settings.
Energy Impact Partners, Amazon, Thomvest
Ventures, Relay Ventures, Northleaf Capital
Partners, Export Development Canada, OCGC, Tech
Capital Partners, GXP Investments
$43.6M - Series D Mar 2018
Finally Light Bulbs (2013, Boston, $82.3M)
Induction based lighting bulb
LATE STAGE
$40M - Series E Nov 2016
Providing solid state thermal management solutions
UBS, GGV Capital, Lookout Capital, Venrock, Oak
Investment Partners, Tsing Capital, Wellcome Trust,
UNC REX Healthcare
Develops and manufactures LED chips
Intel Capital, Braemar Energy Ventures, Bpifrance,
IKEA, Sofinnova Ventures, Demeter
$36.3M - Series C May 2018
settings.
Energy, BDC

LATE STAGE
$30M - Series E Sep 2016
Providing solid state thermal management solutions
GGV Capital, Lookout Capital, Venrock, Oak
Investment Partners, Tsing Capital, Wellcome Trust,
UNC REX Healthcare
$29.8M - Series D Sep 2017
Achates Power (2004, San Diego, $136M)
Internal combustion engine
Oil and Gas Climate Initiative
$27M - Series C Jan 2018
Bidgely (2010, Sunnyvale, $51.6M)
Enables consumers to monitor and manage their
household energy use
Georgian Partners, E.on, Khosla Ventures, innogy
$25.7M - Series C Nov 2017
Nautilus Data Technologies (2013,
Pleasanton, $35.7M)
Modular data center in Water
Ireland Strategic Investment Fund, Emerson
Collective, Keppel
LATE STAGE
$24.4M - Series C Nov 2017
Thermondo (2012, Berlin, $56.4M)
Residential heating system provider
IBB Beteiligungsgesellschaft, Vorwerk, Eneco, HV
Holtzbrinck Ventures
$23.6M - Series C May 2018
$159M)
Smart tinted glass
$9.5M - Series C Sep 2016
Tempronics (2006, Tucson, $22.7M)
Patented energy efficient thermoelectric technology
for seats and beds
Nth Power, Desert Angels
$7M - Series C Jun 2017
architecture
WP Global Partners, New Enterprise Associates
LATE STAGE
$6.5M - Series C Jul 2018
Tempronics (2006, Tucson, $22.7M)
Patented energy efficient thermoelectric technology
for seats and beds
$4M - Series C Nov 2016
architecture
$3M - Series D Oct 2016
Optimum Energy (2005, Seattle, $35.9M)
Energy Efficiency Software
$1.2M - Series C Oct 2017
EnTouch Controls (2009, Richardson, $20.2M)
Energy management solutions
$1.1M - Series D Mar 2018
ProjectFrog (2006, San Francisco, $61M)
Energy efficient buildings
$267k - Series C Dec 2016
settings.

LATE STAGE
Series D Jul 2017
FirstFuel (2011, Lexington, $45M)
Energy use intelligence
Energy Impact Partners
Series C Jul 2017
$159M)
Smart tinted glass
The Angels’ Forum
EARLY STAGE
$34.3M - Series B Jun 2017
Flow Energy (2006, Ipswich, $41.3M)
Combined heat and power boiler
$32.9M - Series A Nov 2016
UrbanVolt (2014, Dublin, $37.7M)
Lighting as a Service
SUSI Partners
$30M - Series B Sep 2017
Cynora (2003, Bruchsal, $30M)
High-efficiency blue organic light-emitting diodes
(OLED) emitters
LG Display, Samsung Venture Investment
$27M - Series A Mar 2018
Carbon Lighthouse (2010, San Francisco, $27M)
Energy efficiency measures for buildings
GRC SinoGreen, JCI Venture, SV Tech Ventures,
Ulupono Initiative, Radicle Impact Partners
$25M - Series A Aug 2017
Linear generator which drive magnets through
copper coils to produce electricity
EARLY STAGE
$25M - Series B Jun 2017
Spruce (2015, San Francisco, $205M)
Energy financing services
HPS Investment Partners
$24.3M - Series A Mar 2017
Light Polymers (2006, San Francisco, $29.3M)
Liquid crystals for Displays, LED Lighting etc.
$21M - Series A Oct 2017
Brilliant (2015, San Mateo, $21M)
Hub for controlling and managing smart home
devices
August Capital, Miramar Digital Ventures, BoxGroup,
StartX
$15M - Series B Jun 2017
Safran, ACE Management, CEA Investissement,
Eurekap, INOCAP GESTION

EARLY STAGE
$15M - Series A Jan 2017
Sense (2013, Cambridge, $19M)
Device to monitor appliances and track energy
usages
Energy Impact Partners, Capricorn, Prelude
Ventures, Bolt, Charles River Ventures, iRobot, Shell
Global
$12M - Series B May 2018
Eurekap, INOCAP GESTION, Alliance Venture,
Bpifrance, Safran, CEA Investissement, ACE
Management
$8.6M - Series A Mar 2017
Discovergy (2009, Heidelberg, $8.6M)
Smart meter and energy monitoring products
manufacturer
EARLY STAGE
$8.5M - Series B Apr 2018
OhmConnect (2013, San Francisco, $15M)
Demand management & Energy management
solutions by installing thermostats and sensors
Mark Pincus, Floodgate Fund, Aspect Ventures, City
Light Capital, Cthulhu Ventures, Radicle Impact
Partners, AME Cloud Ventures
$6.2M - Series A Jul 2017
Svarochi (2017, Delhi, $6.2M)
Smart home lighting products manufacturer
Sequoia Capital
$4.7M - Series A Feb 2018
Kyulux (2015, Fukuoka, $18.2M)
TADF OLED Technology
NAGASE

Most Active Investors (VC, PE) by Stage in Energy Efficiency; Last 5 years (Aug 2013-Aug 2018)
Most Active VC & PE Investors
42
Energy Efficiency > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Almi (4 Investments)
Plejd, SenseNode, Sally R
1
Demeter(3 Investments)
Cozynergy, Deepki, Stimergy
2
Cleantech Invest(2 Investments)
Watty, Nuuka Solutions
3
Center for Innovative Technology (2
Investments)
Senseware, LiteSheet Solutions
4
Navitas Capital (2 Investments)
Enmetric, Comfy
5
Second Century Ventures (2 Investments)
Goby Energy, Homeselfe
6
Bolt (2 Investments)
Sense, Tank Utility
7
MaRS IAF (2 Investments)
Polar Sapphire, Energent
8
Winklevoss Capital (2 Investments)
Zuli, Astro
9
Investors Circle (2 Investments)
Rebound Technologies, Luxtech
10
EARLY STAGE
GE Ventures(3 Investments)
eVolution Networks, Cooledge Lighting, Lucid
1
Constellation Technology Ventures (3
Investments)
Bidgely, Essess, eCurv
2
Sequoia Capital (2 Investments)
LIFX, Svarochi
3
Prelude Ventures(2 Investments)
Renew Financial, Voltus
4
Go Capital (2 Investments)
Energiency, Qivivo
5
Energy Impact Partners (2 Investments)
Sense, CIMCON Lighting
6
Acumen (2 Investments)
BioLite, Greenway Appliances
7
Arkea Capital(2 Investments)
Cozynergy, Energiency
8
ETF Partners (2 Investments)
Telensa, QOS Energy
9
Radicle Impact Partners(2 Investments)
OhmConnect, Carbon Lighthouse
10
LATE STAGE
Braemar Energy Ventures(3 Investments)
Renew Financial, Next Step Living, Flywheel
1
EnerTech Capital(2 Investments)
Blue Pillar, Terralux
2
Aster Capital(2 Investments)
Digital Lumens, EnTouch Controls
3
Energy Impact Partners (2 Investments)
Ecobee, FirstFuel
4
Electranova Capital (2 Investments)
Enlighted, FirstFuel
5
GXP Investments (2 Investments)
Ecobee, Blue Pillar
6
DFJ
Renovate America
7
RockPort Capital
Renovate America
8
Khosla Ventures
EtaGen
9
Greencoat Capital
Cylon Controls
10

Energy Efficiency > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Energy Efficiency; Last 5 years (Aug 2013-Aug 2018)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Climate KIC(13 Investments)
Sympower, Okavango Energy, Libertine
1
Plug and Play Tech Center(9 Investments)
Enertiv, OhmConnect, Ilumi
2
Techstars(8 Investments)
Keen Home, ECOVENT CORP, Enertiv
3
EDP Starter(7 Investments)
Zypho, Unplugg, Cubi Energy
4
Wells Fargo Innovation Incubator(6
Investments)
7AC technologies, Heliotrope, LiquidCool Solutions
5
MetaProp NYC(6 Investments)
Keen Home, Aquicore, Senseware
6
SOSV(6 Investments)
Vital Vio, Sassor, Mistbox
7
Startupbootcamp(6 Investments)
Twingz, Green Earth Aerogel Technologies, Envio Systems
8
Rockstart(5 Investments)
Sympower, Hyko, Viridom
9
Ben Franklin Technology Partners(4
Investments)
Luxtech, Kapsul, Impulse Technology
10
OTHER NOTABLE INVESTORS
Department of Energy(9 Investments)
Achates Power, enVerid, Next Energy
1
InnoEnergy(9 Investments)
Energiency, Smartive, Flue Gas Recovery Sweden
2
Bpifrance(7 Investments)
Aledia, Kalray, Energiency
3
BDC(5 Investments)
Ecobee, Cooledge Lighting, SensorSuite
4
Keiretsu Forum (5 Investments)
Ibis Networks, Neurio Technology, SHM Controls
5
ARPA-E(4 Investments)
Soraa, Aspen Aerogel, Tour Engine
6
ATEL Capital Group(4 Investments)
Soraa, Sensity Systems, Kinestral Technologies
7
Swedish Energy Agency(4 Investments)
Watty, Airwatergreen, Flue Gas Recovery Sweden
8
Energy Foundry(4 Investments)
Intellihot, RedWave Energy, Tank Utility
9
E.on(4 Investments)
Bidgely, FirstFuel, Thermondo
10
DEBT INVESTORS
Hercules Capital(5 Investments)
TAS Energy, Comverge, Redwood Systems
1
Eastward Capital Partners(4 Investments)
View, Enlighted, EcoSense Lighting
2
NXT Ventures(4 Investments)
CoolChip Technologies, CIMCON Lighting, Saphlux
3
Export Development Canada(3
Investments)
Ecobee, Cooledge Lighting, Encycle
4
Silicon Valley Bank(3 Investments)
Spruce, Telensa, Gooee
5
Trinity Capital Investment(3 Investments)
Sensity Systems, ProjectFrog, OhmConnect
6
Connecticut Innovations(2 Investments)
CoolIT Systems, Saphlux
7
Leader Ventures(2 Investments)
Achates Power, Power Assure
8
Oaktree Capital Management(2
Investments)
Noresco, Opterra Energy
9
Western Technology Investment(2
Investments)
Next Step Living, Sensibo
10

Energy Efficiency > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/5)

Energy Efficiency > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
50
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Wind Energy
Jul 2018
Marine Energy
Jul 2018
Oil & Gas Tech
Jul 2018

FACTSHEET
Marketmap: Energy Efficiency
52
Energy Efficiency > Market Details > BlueBox

Key Sub Sectors (1/2)
53
Key Sub Sectors in Energy Efficiency
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Products
Companies manufacturing appliances, equipment or products having lower energy
consumption than traditional products
Celsia (1919, Medellin, Public)
1413 492 $5.7B
Companies offering energy management systems to measure, monitor and control the energy
consumption ....
Enlighted (2009, Sunnyvale, Acquired)
331 154 $1.3B
Companies offering energy management systems, a combination of software and hardware to
monitor, con....
GridPoint (2003, Arlington, Acquired)
Blue Pillar (2006, Frederick, $33.4M)
416 177 $1.1B
Service Providers
Companies offering energy services like installation, project management, financing and audit
to red....
Recurve (2005, Boulder, Acquired)
Spruce (2015, San Francisco, $205M)
475 104 $1.1B
Companies offering systems to monitor the energy consumption but not to control or manage
it
Lucid (2004, Oakland, Acquired)
Bidgely (2010, Sunnyvale, $51.6M)
259 87 $251M
Companies offering load management systems which apply demand response programs
Comverge (1980, Norcross, Acquired)
CSide (2008, Vila Nova De Gaia, $35M)
39 24 $166M
Off-grid Management Systems
Companies offering energy management systems for monitoring off-grid energy generation
units
P21 Energy solutions (2001, Munich,
Acquired)
eVolution Networks (2011, Ramat Gan,
$22.5M)
20 11 $69.3M
Fuel Management Systems
Companies offering fuel management systems for diesel gensets and marine applications
Eniram (2005, Helsinki, Acquired)
SP3H (2005, Franche-comte, $6.3M)
13 10 $19.2M
Energy Efficiency > Market Details > Key Sub Sectors

Key Sub Sectors (2/2)
54
Key Sub Sectors in Energy Efficiency
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Expense Management Systems
Companies offering expense management systems for businesses to save money on energy
bills through t....
Cadence Network (1997, Cincinnati,
Acquired)
Starcorp Energy (2017, Sydney)
8 2 $15.7M
Online Retailers
Companies selling energy efficiency products online
NextLight (2008, Cincinnati, Acquired)
The Lightbulb (1989, Bicester)
34 2 -
Energy Efficiency > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/8)
55
Energy Efficiency > Market Details > Detailed Sector Taxonomy

56

57

58

59

60

61

62

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Products > Lighting > Material & Component Manufacturers
Companies manufacturing materials and components such as wafers, substrates, dyes, chips, arrays,
modules, and heat sinks for lighting applications
(Companies covered 84 | Funded 45 | Total Funding $950M)
$262M
(-$364M)
10
(-60)
Advanced Lighting
Technologies
(1995, Solon, $180M)
2
(+4)
Energy Management Systems > BEMS
Companies offering energy management systems for commercial applications ranging from small-scale
retailers to large-scale offices
$71.6M
(-$43M)
19
(-47)
Carbon Lighthouse
(2010, San Francisco, $27M)
3
(-)
Device Level Management Systems > HVAC Management > Residential >
Thermostats
Companies providing smart thermostats systems which automatically regulate temperature and save
energy
$110M
(-$137M)
9
(-22)
Ecobee
(2007, Toronto, $155M)
4
(-)
Products > Thermal Energy > Engine Efficiency
Companies manufacturing energy efficient motors, turbines and engines
$142M
(-$8.4M)
7
(-29)
EtaGen
(2010, Menlo Park, $133M)
5
(-3)
Energy Management Systems > BEMS > Multi-Site
Companies offering Building Energy Management Systems (BEMS) for multi-site retailers
$36.8M
(-$522M)
9
(-59)
Phoenix Energy
Technologies
(2004, Irvine, Acquired)
6
(-1)
Service Providers > Finance Providers > Direct Financing
Companies providing direct project financing for energy efficiency upgrades
$142M
(-$484M)
5
(-18)
Ygrene Energy Fund
(2009, Petaluma, $125M)
63
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/3)
Top Markets by Funding in Energy Efficiency in last 2 years (August 2016 - July 2018)
Energy Efficiency > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Energy Management Systems > IEMS
Companies offering energy management systems for industrial applications
(Companies created 50 | Funded 28 | Total Funding $99.2M )
1 Elmodis (2015, Krakow, $5.2M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
66
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (August 2016 - July 2018)
Energy Efficiency > Market Details > Top Markets of Early Stage Investors

Incubators
Ben Franklin Technology Partners (#1), PreSeed Ventures
(#1)
Seed Chalmers Innovation (#1), Almi (#1)
Series A/B 180 Degree Capital (#2), DCM Ventures (#1)
Series C+ Braemar Energy Ventures (#1), DFJ (#2)
Intematix Dec - 2017
Acquired
LED Engin Jun - 2017
Acq by Osram
Bridgelux Jul - 2015
Acq by China Electronic Information
Industry Group
Ledil Nov - 2014
Acq by Ratos for $122M
Luminus Devices Jun - 2013
Acq by Lightera for $22M
$2M - Series C
Pixelligent (2000, Baltimore, $47.1M)
$7.6M - Series C
Pixelligent (2000, Baltimore, $47.1M)
$704k - Seed
Seren Photonics (2009, Bridgend,
$704k)
Seed
Seren Photonics (2009, Bridgend,
$704k)
$37.3M - Series C
Series B
Light Polymers (2006, San Francisco,
$29.3M)
Jul 2015
Saphlux Set to Revolutionize LED Lighting; Raises $200,000 |
YEI Innovation Fund, YEI Innovation Fund
Dec 2017
Epistar to Manufacture Small Batch of Mini LED in 2Q18,
LEDinside
Feb 2018
Seren completes first tranche of £1m investment round,
Semiconductor Today
Jul 2017
LED Pilot Light From VCC Eliminates Hot Spots, Electronic
Products
Mar 2018
M31 and Macroblock work together to deploy the global LED
driver IC market, Design And Reuse
Dec 2017 Ratos AB: Jyri Järvinen new CEO of LEDiL, GlobeNewswire
Jul 2017
Visual Communications Company acquires Display Products,
European Business Press
Apr 2016
LiteSheet Solutions Raises Seed Funding Round |FinSMEs,
FinSMEs
Jun 2017
Lumisyn awarded $1M federal grant for LED-related work,
Rochester Business Journal
Nov 2017
Veeco and ALLOS Team Up for Gan-on-Si Micro-LED
Production Demonstration, Compoundsemi Online
Apr 2018
Pixelligent Technologies Granted Innovation Research
Award by Department of Energy for Next Generation OLED
Lighting | Pixelligent | Advanced Materials for Optical
Applications, Pixelligent
Apr 2006
eLite Optoelectronics Raises $8.5 Million in Venture Capital
Funding, Changes Name to Bridgelux, Inc. | Bridgelux, Inc.
LED Lighting, Bridgelux
News
0
2
4
6
8
10
$0k
$50M
$100M
$150M
$200M
$250M
2014 2015 2016 2017 2018
YoY Funding Rounds
20
10
19
45
84
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Products > Lighting > Material & Component Manufacturers: Market Factsheet
67
Exits
Recent Investments
YoY Funding and Rounds
Companies manufacturing
materials and components such as
wafers, substrates, dyes, chips,
arrays, modules, and heat sinks
for lighting applications
Bridgelux
(2002, Sunnyvale, $219M)
Advanced Lighting
Technologies
(1995, Solon, $180M)
Luminus Devices
(2002, Sunnyvale, $129M)
Aledia
(2011, Grenoble, $82.3M)
Ledil
(2002, Salo, $63M)
Top Companies
#1 Top Markets of Investment Activity
Energy Efficiency > Market Details > Market: Material & Component Manufacturers
Companies Created 84 | Funded 45 | Total Funding $950M
Market: Material & Component Manufacturers

Products > Lighting > Material & Component Manufacturers: Top Companies
Analyst’s Pick
Bridgelux (2002, Sunnyvale, $219M)
LED Chip Company
Kaistar Lighting, VantagePoint Capital Partners,
DCM Ventures and 9 Other Investors
Saphlux (2014, New Haven, $6.2M)
GaN based materials for LEDs and lasers
Editor's Pick. Stage: Series A
Leyard Optoelectronic, ZhenFund, Elm Street
Ventures and 8 Other Investors
Pacific Light Tech (2011, Portland, $5.2M)
Provides engineered nanomaterials for high-
efficiency solid-state lighting
Oregon Angel Fund, Pivotal Investments
Fusion Optix (2003, Woburn, $3.5M)
LED lighting solution developer
Editor's Pick. Stage: Series D
Seren Photonics (2009, Bridgend, $704k)
Manufacturer of LED components
Editor's Pick. Stage: Seed
Development Bank of Wales
Analyst’s Pick
Nanophotonica (2009, Orlando, $400k)
Develops light emitting nano-materials for
electronic displays
Florida Institute For The Commercialization of
Public Research, The FAN Fund
LiteSheet Solutions (2012, Bedford)
LED lighting engine developer
Minicorn. Stage: Seed
Center for Innovative Technology, Virginia Tobacco
Region Revitalization Commission

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
69
Products > Lighting > Material & Component Manufacturers: Leaderboard
Better than Market Average
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0
Everlight
Electronics
1983 Taipei Public - - 5 - - 19 369k 11 300 9 -57k -13% 3 50% 1 10%
4.9 Crystal IS 1997
New York
City
Acquired $10.6M 4 - - 3 4 2.1M 344 - - -338k -14% - - 17 5%
4.9
Seren
Photonics
2009 Bridgend Seed $704k 3 - - 3 3 - 214 - - - - - - 15 7%
4.8 Color Kinetics 1997 Burlington Acquired $61M - 3 - - 1 317k - 8k 16 -150k -32% - - - -
4.8 VCC 1976 San Diego Acquired - - - - 4 5 1.3M 126 - - 28k 2% - - 16 15%
4.7 Crayonano 2012 Trondheim Funded - - - - 4 1 10M 110 - - 16M 339% - - 4 3%
4.6 SunLED 1989 Los Angeles Unfunded - - - - 4 2 1.9M 221 - - 19k 1% - - 12 6%
4.6 Bridgelux 2002 Sunnyvale Acquired $219M - - - - 10 732k 3.3k - - 2k - - - 111 4%
4.5 Ledil 2002 Salo Acquired $63M - - - - 1 686k 212 - - 51k 8% - - 18 9%
4.4 Intematix 2000 Fremont Acquired $43.4M - - - - - 5.9M 236 - - 4M 212% - - 2 1%
4.4 Nanophotonica 2009 Orlando Seed $400k 4 - - 3 - 8.2M 51 - - -4.6M -36% - - 3 6%
4.3
Advanced
Lighting
Technologies
1995 Solon Series D $180M - - - 3 - 10M - - - 4M 38% - - - -
4.3 Fulham 2008 Hawthorne Series A $10M - - - - 6 805k 1.3k - - -449k -35% - - 49 4%
4.2 Pixelligent 2000 Baltimore Series C $47.1M - - - 4 25 4.6M 1.2k - -
-
10.4M
-68% - - -247 -17%

Incubators Climate KIC (#2), Plug and Play Tech Center (#1)
Seed Finance Wales (#1), Oxygen House (#1)
Series A/B Boston Community Capital (#1), Sigma Partners (#1)
Series C+ Engie (#1), Corporate Fuel Advisors (#1)
Kontrol Energy Corp Aug - 2016
IPO'd on CNSX
Johnson Controls Nov - 2014
IPO'd on NYSE
Ecova May - 2014
Acq by Cofely for $335M
PE
EnergyWatch (2000, New York City)
$3.8M - Series A
Optio3 (2016, Seattle, $5.8M)
$100k - Seed
Smart OES (2009, Houston, $1.6M)
$4M - Series A
Building Intelligence (2006, New
York City, $4M)
$3.2M - Series A
Switch Automation (2009, Sydney,
$4.5M)
$572k - Seed
Sensorflow (2016, Singapore, $572k)
$27M - Series A
Carbon Lighthouse (2010, San
Francisco, $27M)
$120k - Seed
Boss Controls (2012, Pittsburgh,
$770k)
Jan 2018
Nuuka’s software to improve ICA real estate,
GoodNewsfromFinland
Apr 2010 Resourcekraft Raises €600,000 |FinSMEs, FinSMEs
Oct 2016
Microsoft vets raise $2M to manage internet-connected
devices in commercial buildings, GeekWire
Jun 2018
Angie Hospitality and INTEREL Collaborate on Voice-based
Guest Room Controls, Hospitality Tech
Feb 2007 BPL Global Raises $26 Million - PE Hub, PE Hub
Mar 2014
Solar Venture Capital Is Down But Still On The Make - Solar
Industry, Solar Industry
Aug 2017
Telkonet's (TKOI) CEO Jason Tienor on Q2 2017 Results ,
Seeking Alpha
Apr 2013
Energy firm Root3 and SiNode receive funding -
tribunedigital-chicagotribune, Chicago Tribune
Jan 2017
Goby, Leading Chicago Tech Company, Launches New
Headquarters at 33 N LaSalle, PR Newswire
Sep 2017
Gas supplier Artagaz adopts Proximus LoRa network for
meter reading, Telecompaper
Oct 2017
Global Water Technology Leader Xylem Recognizes Ecova
for Outstanding Performance, Business Wire
Mar 2015
47 Startups That Launched At Y Combinator Winter 2015
Demo Day 2 – TechCrunch, TechCrunch
Sep 2017
Zenatix Launches WattMan Lite, an IoT Product That Will
Cut Electricity Bills up to 30%, IndianWeb2
Mar 2017
Kontrol Energy Corp. completes private placement and fifth
tranche closing of unit private placement offering, CNW
News
0
2
4
6
8
10
12
14
16
$0k
$10M
$20M
$30M
$40M
$50M
2014 2015 2016 2017 2018
YoY Funding Rounds
5
7
29
91
227
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Energy Management Systems > BEMS: Market Factsheet
70
ExitsMost Active Investors
Recent Investments
Companies offering energy
management systems for
commercial applications ranging
from small-scale retailers to large-
scale offices
Carbon Lighthouse
Telkonet
(1999, Milwaukee, $25.7M)
Millennial Net
(2000, Chelmsford, $21M)
Ecorithm
(2010, Goleta, $13.8M)
PointGrab
(2008, Hod Hasharon, $12M)
Top Companies
Energy Efficiency > Market Details > Market: BEMS
Market: BEMS

Energy Management Systems > BEMS: Top Companies
Market: BEMS
Analyst’s Pick
WegoWise (2010, Boston, $4.9M)
Building intelligence solutions provider
Boston Community Capital
Zenatix Solutions (2013, Gurgaon, $1.7M)
Smart energy monitoring and analytics
Editor's Pick. Stage: Acquired
Pi Ventures, Blume Ventures, Rohit Bansal and 10
Other Investors
Kontrol Energy Corp (2006, Mississauga,
$679k)
EnerMark (2014, Bangalore)
Energy analysis platform
Editor's Pick. Stage: Unfunded
Envirocom (2010, Delhi)
Energy management systems for organizations
Editor's Pick. Stage: Unfunded

72
Energy Management Systems > BEMS: Leaderboard
Market: BEMS
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0
Johnson
Controls
1885 Milwaukee Public - 3 4 4 4 5 49k 24k 16k 75 -2k -3% 28 49% 757 3%
5.0 Fifthplay 2007 Antwerp Unfunded - - 3 - - - 3.1M 667 6k 34 150k 5% 10 42% 1 -
5.0 VDA Group 1980 Pordenone Unfunded - - 4 - - - 2.3M 477 30k 25 620k 36% 3 14% -20 -4%
4.9 Smartenit 2009
San Juan
Capistrano
Unfunded - - 4 - - - 3.6M 497 31k 39 -312k -8% 3 8% 10 2%
4.9
BuiltSpace
Technologies
2011 Vancouver Unfunded - - 4 - - 2 6.8M 1.8k 300 4 2M 25% 1 33% -18 -1%
4.9
Reliable
Controls
1986 Victoria Unfunded - - 4 - - 1 635k 887 3k 9 -1.6M -70% - - 56 7%
4.9 Telkonet 1999 Milwaukee Public $25.7M - 5 - - 19 2.4M 639 4k 17 -3.4M -58% - - 27 4%
4.8 Senseware 2013
Washingto
n D.C.
Series A $3.1M - - - 4 1 815k 515 - - -445k -35% - - 85 20%
4.8
Momentum
Software
1994 Falun Unfunded - - 4 - - - 4.9M - 33k 99 119k 3% 15 18% - -
4.8
Magnum
Energy
Solutions
2008 Hudson Series A - - 5 - - - 5.3M 67 375 4 -948k -16% - - 1 2%
4.8 Acotel Net 2012
Romagnano
Sesia
Unfunded - - 4 - - - 3.6M - 3k 10 2M 78% 4 47% - -
4.7 EMT Controls 2003 Izmir Unfunded - - 5 - - - 7.4M - 75 2 6M 174% 1 100% - -

Incubators 500 Startups (#1), Uppsala Innovation Centre (#1)
Seed Wayra (#2), Relay Ventures (#1)
Series A/B Bpifrance (#2), Carrier (#1)
Series C+
Caisse de depot et placement du Quebec (#1), AGL Energy
(#1)
Nest Feb - 2014
Acq by Google for $3.2B
$1.7M - Seed
Switchee (2013, London, $3M)
$36.3M - Series C
$8.5M - Series B
OhmConnect (2013, San Francisco,
$15M)
$61.8M - Series C
Seed
Vilisto (2016, Hamburg)
$585k - Seed
$267k - Series C
$173k - Seed
ThermoSmart (2011, Arnhem, $173k)
$680k - Seed
$35M - Series C
$23M - Series C
Jun 2013 Netatmo Raises €4.5M |FinSMEs, FinSMEs
Feb 2017
Venstar Receives Award for ColorTouch Smart Thermostat,
The NEWS
Oct 2017
Nest Partners With I-View Now to Offer Video Alarm
Verification Services, Security Sales
Mar 2016
Nest adds family accounts to make its smart thermostat
more convenient (and smarter), TechCrunch
May 2017 Andy's Statewide Announces Partnership With Nest, PRWeb
Jun 2017
Nest Cam IQ security camera can recognise faces , The Star
Online
May 2017 Universal Electronics Buys RCS Technology, SocalTECH
Apr 2018 Nest may acquire Nokia’s failing health division, TechRadar
Jan 2015
Qivivo - Go Capital et Saint-Gobain entrent au capital -
Qivivo, Qivivo
Jul 2016
Nest error is breaking remote control on some thermostats
and smoke detectors, The Verge
Jun 2016 Nest CEO Tony Fadell Announces His Departure, Inc.
Dec 2017
SSN News Poll: New companies in DIY space to change the
market, Security Systems News
Apr 2017 Nest security cameras available in Mexico, Telecompaper
Jul 2018 Marwan Fawaz Steps Down As Nest CEO, Android Headlines
Oct 2016 Building a House That Can Hear, Bloomberg
Oct 2017
Nest veterans raise $50M as they roll out 'smart lighting'
system , The Business Journals
News
0
1
2
3
4
5
6
7
8
$0k
$20M
$40M
$60M
$80M
$100M
$120M
2014 2015 2016 2017 2018
YoY Funding Rounds
1
3
8
19
56
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Device Level Management Systems > HVAC Management > Residential > Thermostats: Market Factsheet
73
Exits
Recent Investments
Companies providing smart
thermostats systems which
automatically regulate
temperature and save energy
Ecobee
(2007, Toronto, $155M)
Nest
(2010, Palo Alto, $80M)
Tado
(2011, Munich, $57M)
Netatmo
(2011, Paris, $37.8M)
OhmConnect
Top Companies
Energy Efficiency > Market Details > Market: Thermostats
Market: Thermostats

Device Level Management Systems > HVAC Management > Residential > Thermostats: Top Companies
Market: Thermostats
Analyst’s Pick
settings.
Energy, BDC and 13 Other Investors
Hardware and software for monitoring home
energy consumption.
Unicorn. Stage: Acquired
Venrock, GV, Lightspeed Venture Partners and 9
Other Investors
Smart AC management devices for homes
Inven Capital, Target Partners, Shortcut Ventures
Analyst’s Pick
Netatmo (2011, Paris, $37.8M)
Thermostat, video monitoring and personal
weather station and air quality sensor devices for
use with Android and iOS apps.
Legrand, Iris Capital, Bpifrance, C4 Ventures
OhmConnect (2013, San Francisco, $15M)
Demand management & Energy management
solutions by installing thermostats and sensors
Minicorn. Stage: Series B
Mark Pincus, Floodgate Fund, Aspect Ventures and
10 Other Investors
Smart thermostats for homes
Big Society Capital, Joseph Rowntree Foundation
(JRF), Contrarian Ventures and 7 Other Investors
Vilisto (2016, Hamburg)
Self learning smart thermostat
InnoEnergy

75
Device Level Management Systems > HVAC Management > Residential > Thermostats: Leaderboard
Market: Thermostats
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Nest 2010 Palo Alto Acquired $80M - 4 - - 76 5k 183k 3M 15k 3k 65% 1.7k 13% 3.8k 2%
4.9 Netatmo 2011 Paris Series B $37.8M - 4 - - 16 22k 17k 683k 14.5k 5k 24% 2.8k 23% 517 3%
4.8 Tado 2011 Munich Series C $57M - 4 - - 4 173k 12k 330k 4.7k 102k 145% 1.1k 29% 140 1%
4.7 Ecobee 2007 Toronto Series C $155M - 3 - - 13 26k 31k 308k 2.8k 3k 12% 826 43% 731 2%
4.6 Ngenic 2010 Uppsala Seed $1.7M - 4 - - - 8M 215 4k 22 3M 42% 3 14% 14 7%
4.5 Ween 2014
Aix-en-
provence
Series A $2M - 5 - - - 7.3M 1.4k 300 12 2M 27% - - 32 2%
4.4 Momit 2012 Madrid Seed $2.8M - 3 - - - 3M 1.3k 42k 726 2M 164% 50 7% 3 -
4.4 Loxone 2009
Kollerschla
g
Unfunded - - 4 - - - 121k 2.2k 75k 976 5k 4% 65 7% 135 6%
4.3 ComfortClick 2008 Ljubljana Unfunded - - 4 4 4 - 3.1M 496 12k 118 2M 53% 4 3% 248 100%
4.2 Lux Products 1914
Philadelphi
a
Acquired - - 3 - - 3 827k 239 11k 156 297k 56% 33 26% 77 47%
4.1 ThermoSmart 2011 Arnhem Seed $173k - 4 - - - 6.2M 1.2k 8k 67 926k 17% 2 3% -8 -1%
4.0 Qivivo 2012 Nantes Series A $1.2M - 3 - - 2 2M 1.7k 3k 81 2M 128% 8 10% -9 -1%
3.9
Sensi by
Emerson
1890 Canada Unfunded - - 4 - - - 224k 1.5k 300k 1.5k 30k 15% 159 12% 63 4%

Energy Efficiency > Market Details > Market: Engine Efficiency
Market: Engine Efficiency

Energy Efficiency > Market Details > Market: Multi-Site
Market: Multi-Site

Market: Multi-Site

Energy Efficiency > Market Details > Market: Direct Financing
Market: Direct Financing

Energy Efficiency > Market Details > Market: IEMS
Companies Created 50 | Funded 28 | Total Funding $99.2M
Market: IEMS

Market: IEMS

Energy Efficiency > Market Details > Market: Load Disaggregation
Market: Load Disaggregation

Energy Efficiency > Market Details > Market: Refrigeration
Market: Refrigeration

Energy Efficiency > Market Details > Market: Other Appliances & Equipment
Market: Other Appliances & Equipment

Energy Efficiency > Market Details > Market: Load Management Systems
Market: Load Management Systems

Energy Efficiency > Market Details > Market: Commercial & Industrial
Market: Commercial & Industrial

Energy Efficiency > Market Details > Market: Residential
Market: Residential

Market: Residential

Energy Efficiency > Market Details > Market: OLED
Market: OLED

Market: OLED

Energy Efficiency > Market Details > Market: Lighting-as-a-Service (LaaS)
Market: Lighting-as-a-Service (LaaS)

Energy Efficiency > Market Details > Market: Windows
Market: Windows

Tracxn - Energy Efficiency Startup Landscape

Tracxn - Energy Efficiency Startup Landscape

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Tracxn - Energy Efficiency Startup Landscape

Similar to Tracxn - Energy Efficiency Startup Landscape (20)

More from Tracxn

More from Tracxn (20)

Recently uploaded

Recently uploaded (20)

Tracxn - Energy Efficiency Startup Landscape