# Energate

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/energate-2

- Industry: Electronics
- Headquarters: Ottawa, Canada
- Website: www.energateinc.com
- Total disclosed funding: $7.2M
- Latest round: Series B (May 27, 2010)
- Investors on record: 2

## About

Energate Inc. specializes in providing energy management solutions and advanced technology systems for residential and commercial applications, focusing on optimizing energy usage and reducing costs for users.Energate Inc. was founded in 2004 in Ottawa, Canada, and operates in the energy management sector, offering innovative solutions to enhance energy efficiency. The company was acquired in August 2017 by Tantalus Systems Corp., with financial terms of the transaction not disclosed. Since its inception, Energate has completed 5 deals, with its most recent funding round occurring in August 2017, where they raised CAD 2.90 mn from the Ontario Ministry of Energy. The founder's previous experience is not documented in available information.Energate specializes in energy management solutions, providing technologies that allow users to optimize their energy consumption through advanced monitoring and control systems. Their product offerings cater to both residential and commercial clients, aiming to reduce energy costs while enhancing system efficiency. Energate's solutions are designed to integrate seamlessly with existing infrastructure, ensuring ease of use and effectiveness in delivering energy management benefits.Energate generates revenue primarily through the sale of its energy management systems and services. The company employs a model that focuses on direct sales to consumers and businesses, allowing users to implement energy-saving strategies effectively. Specific pricing plans are not disclosed, but the company's offerings are structured to promote accessibility for a broad range of customers, facilitating widespread adoption of energy-efficient practices.Energate Inc. aims to expand its product portfolio by developing new energy management technologies designed for enhanced user engagement and efficiency. The company is also targeting expansions into new geographical markets, with plans to penetrate additional regions in North America by the end of 2023. Recent funding will be utilized to support these initiatives, enhancing product development and facilitating market entry strategies.

## Funding rounds

- Series B, May 27, 2010, $7.2M — Cycle Capital Management, Venture Ontario

## Investors

- Cycle Capital Management (https://capitalatlas.ai/funds/cycle-capital-management) — Series B
- Venture Ontario (https://capitalatlas.ai/funds/venture-ontario) — Series B