# BPL Global

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bpl-global

- Industry: Power & Utilities
- Headquarters: Sewickley, US
- Website: www.bplglobal.net
- Total disclosed funding: $39M
- Latest round: Series E (Oct 16, 2009)
- Investors on record: 14

## About

BPL Global Ltd. is a technology company that specializes in innovative solutions for electric utilities, focusing on optimizing energy management through advanced grid-edge applications.Founded in 2004 in Sewickley, US, BPL Global Ltd. provides technology solutions that enhance the management of Distributed Energy Resources (DER). The firm has completed 14 deals to date, with a notable acquisition by Qualitrol in September 2013 for an undisclosed amount. The company is led by co-CEOs Mark Rupnik and Peter Londa.BPL Global Ltd. offers technology solutions that empower electric utilities to maximize the potential of grid-edge Distributed Energy Resources (DER). Their primary services include the development of Virtual Power Plant (VPP) capabilities, which help utility companies manage diverse energy resources such as electric vehicles (EVs), smart homes, solar and wind energy systems, and energy storage solutions. Their clientele spans North America, Europe, and parts of Asia, focusing on integrating intelligent controls and real-time data analytics to optimize energy consumption and reduce costs for utility customers and commercial businesses.BPL Global Ltd.'s revenue model is based on partnerships and B2B transactions with electric utilities and commercial clients. The company offers a comprehensive suite of software and hardware solutions, which are typically sold on a subscription basis. These offerings enhance grid reliability and orchestrate demand response signals. The financial agreements often include ongoing support and integration services, contributing to the company's revenue generation as utilities adopt these solutions for energy management and sustainability purposes.BPL Global Ltd. plans to expand its product offerings, focusing on new technologies that enhance energy management solutions, with specific launch dates yet to be confirmed. The company aims to enter additional markets in Europe and Asia by 2025, leveraging the recent funding of USD 1.50 mn from their last funding event in September 2013 to support these initiatives. The funding will be utilized to enhance product development and facilitate market entry strategies.

## Funding rounds

- Series E, Oct 16, 2009, $13M — Cross Atlantic Capital Partners, El Dorado Ventures, Novitas Capital, Al-Deera Holding Co. K.S.C.C., Leidos, Inc.
- Series C, Feb 15, 2007, $26M — Novitas Capital, IFA, IFC Asset Management Company, Tollgrade Communications, Inc., Riverfront Ventures, Duquesne Capital Management, Telkonet, Al-Deera Holding Co. K.S.C.C., DQE Communications LLC, MSDW Venture Partners
- Seed, Feb 1, 2005 — Novitas Capital, N47, DQE Communications LLC

## Investors

- Novitas Capital (https://capitalatlas.ai/funds/novitas-capital) — Seed, Series C, Series E
- N47 (https://capitalatlas.ai/funds/n47) — Seed
- DQE Communications LLC — Seed, Series C
- IFA — Series C
- IFC Asset Management Company (https://capitalatlas.ai/funds/ifc-asset-management-company) — Series C
- Tollgrade Communications, Inc. — Series C
- Riverfront Ventures (https://capitalatlas.ai/funds/riverfront-ventures) — Series C
- Duquesne Capital Management — Series C
- Telkonet — Series C
- Al-Deera Holding Co. K.S.C.C. — Series C, Series E
- MSDW Venture Partners (https://capitalatlas.ai/funds/msdw-venture-partners) — Series C
- Cross Atlantic Capital Partners (https://capitalatlas.ai/funds/cross-atlantic-capital-partners) — Series E
- El Dorado Ventures (https://capitalatlas.ai/funds/el-dorado-ventures) — Series E
- Leidos, Inc. — Series E