Allegro Development Corporation
Latest round
- Series A
Last raised
- Jan 2008
Total raised
- Undisclosed
Investors
- 2
About Allegro Development Corporation
Founded in 1984 in Dallas, US, Allegro Development Corporation provides energy trading and risk management solutions. Rajeev Karpe serves as both CEO and Founder. The company has undergone significant strategic development, including its acquisition by ION Investment Group, a portfolio company of Carlyle Group, in April 2019.Allegro provides a comprehensive energy trading and risk management (ETRM) solution tailored for utilities and energy companies involved in trading and managing various energy commodities, including power, renewables, natural gas, liquid hydrocarbons, and environmental products. The Allegro platform integrates front-to-back operations to streamline energy trading processes, risk management, and regulatory compliance in a unified system. It features real-time position visibility, robust risk management capabilities, advanced analytics, and an extensible framework that allows for customization based on specific business needs. Allegro is designed to meet the complex demands of the energy market, making it a preferred choice among utilities and energy companies globally, particularly in North America, Europe, and parts of Asia.The revenue structure of Allegro is predominantly driven by subscription-based models for its ETRM solutions, which cater primarily to B2B clients in the energy sector. Businesses engage with Allegro through partnerships that enable them to utilize the platform for their trading and risk management activities. Allegro's flagship products offer tailored functionalities, with clients paying for the comprehensive services and features relevant to their operational needs. This includes modules for advanced analytics, risk assessment, and compliance reporting, all designed to enhance the efficiency and effectiveness of energy trading operations.Allegro Development Corporation is focused on expanding its market presence by developing new ETRM products, aimed at enhancing its service offerings to clients in the energy sector. With the backing of ION Investment Group following its acquisition, Allegro plans to explore new geographic regions, specifically targeting expansion efforts in Europe and parts of Asia by 2022.
Who invested in Allegro Development Corporation
2 investors across 1 round
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Funding rounds
Series A
Jan 31, 2008
Amount
Undisclosed
Investors
Questions about Allegro Development Corporation
Who invested in Allegro Development Corporation?
Allegro Development Corporation has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Allegro Development Corporation raised?
Allegro Development Corporation has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Allegro Development Corporation last raise money?
Allegro Development Corporation's most recent round on record is a Series A, in Jan 2008.
What does Allegro Development Corporation do?
Founded in 1984 in Dallas, US, Allegro Development Corporation provides energy trading and risk management solutions.
Where is Allegro Development Corporation headquartered?
Allegro Development Corporation is headquartered in Dallas, US.
Which VCs invest in companies like Allegro Development Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Allegro Development Corporation's stage. Their profiles are linked below.
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