- Acquired by Choose Energy on September 30, 2013
- Total Equity Funding
- $1.38M in 2 Rounds from 5 Investors
- Chicago, Illinois
- Power2Switch is an online service enabling users to lower their electric bills by comparing energy suppliers and accessing renewable energy.
- Philip Nevels
- Energy, Internet, Price Comparison, Clean Energy
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) - $1.58MUpdate
Current Team (1)Update
|Jun 30, 2016||Built in Chicago - 50 Chicago tech founders who came out of University of Chicago|
|Mar 15, 2016||Chicago Tribue - ChicagoMade effort at SXSW lively but limited|
|Jul 1, 2015||Built in Chicago - Phil Nevels leaving World Business Chicago to launch NextGen Angels locally|
|May 7, 2015||Tech Cocktail - Seyi Fabode Wants To Help You Switch Energy Providers & Save Money|
|Jan 12, 2015||Tech Cocktail - Power2Switch Connects Buyers with Electricity Options|
|Oct 10, 2013||SEC - SEC FORM D|
|Sep 30, 2013||FinSMEs - FinSMEs|
|Sep 30, 2013||Xconomy - Texas Cleantech Startup Acquires Chicago Rival, Boosts Energy Marketplace|
820 W Jackson Blvd
Chicago, Illinois 60607