Overview

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Status
Acquired by on September 30, 2013
Total Equity Funding
$1.38M in 2 Rounds from 5 Investors
Headquarters:
Chicago, IL
Description:
Power2Switch is an online service enabling users to lower their electric bills by comparing energy suppliers and accessing renewable energy.
Founders:
Categories:
Energy, Internet, Price Comparison, Clean Energy
Website:
http://www.power2switch.com
Social:

Company Details

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Power2Switch is a free online resource that helps residents and businesses lower their electric bills by enabling customers to search, switch, and save on electricity supply prices from multiple energy suppliers and also gain access to renewable energy. The site is currently operational in Illinois and Texas, and is launching in other deregulated states in the coming months.

Power2Switch technology makes the switching process seamless for the consumer (cutting process time from weeks to hours), automated for the supplier (contract completion is easier online), and provides analytics to increase supplier efficiency in pricing.

Funding Rounds (3) - $1.58M

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DateAmount / RoundValuationLead InvestorInvestors
Dec, 2011$1.3M / Seed4
Jun, 2011$75k / Seed2
Jun, 2010$200k / Debt Financing0

Current Team (1)

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Competitors (1)

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  • SaveOnEnergy.com provides electricity and natural gas plans and information for residential and commercial consumers.

Offices/Locations (1)

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  • Office

    820 W Jackson Blvd

    Suite 700

    Chicago, IL 60607

    USA

Past Team (2)

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Images (2)

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