# Gridwiz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gridwiz

- Industry: Power & Utilities
- Headquarters: Gyeonggi-do, South Korea
- Website: http://www.gridwiz.com
- Total disclosed funding: $59M
- Latest round: Series C (Dec 21, 2020)
- Investors on record: 9

## About

Based in Seongnam, South Korea, and founded in 2013, GridWiz Inc. is an energy demand management company that serves as distributed energy resources (DER) platform by which power is supplied to businesses in need. 

The company operates renewable energy infrastructure such as a storage system (ESS) used for energy storage and a combined charging system (CCS) for electric cars. 

The company's revenue is generated by re-distributing the excess energy stored by their clients. 
 
The company has a strong market position in Korea, accounting for 90 percent market share, and it aims to strengthen its position in global markets which only accounts for 30 percent.

## Funding rounds

- Series C, Dec 21, 2020, $43M — Meritz Securities, InterVest, NH Investment & Securities, Medici Investment, Soo Investment Capital, SK GAS, Kingo Investment Partners
- Series B, Jul 1, 2017, $13M — AJU IB Investment, SK GAS
- Series A, Jul 14, 2016, $2.6M — AJU IB Investment, Korea Technology Finance Corporation

## Investors

- AJU IB Investment (https://capitalatlas.ai/funds/aju-ib-investment) — Series A, Series B
- Korea Technology Finance Corporation — Series A
- SK GAS — Series B, Series C
- Meritz Securities — Series C
- InterVest (https://capitalatlas.ai/funds/intervest) — Series C
- NH Investment & Securities (https://capitalatlas.ai/funds/nh-investment-securities) — Series C
- Medici Investment (https://capitalatlas.ai/funds/medici-investment) — Series C
- Soo Investment Capital (https://capitalatlas.ai/funds/soo-investment-capital) — Series C
- Kingo Investment Partners (https://capitalatlas.ai/funds/kingo-investment-partners) — Series C