GridX
Latest round
- Series C
Last raised
- Apr 2022
Total raised
- $46M
Investors
- 6
About GridX
GridX, Inc. was founded in 2010 in Walnut Creek, US, providing advanced solutions for utility companies.19 mn.GridX specializes in providing advanced solutions aimed at modern utilities, focusing on rate design, billing management, and customer engagement. The company's core product is its True Rates Platform, which allows utilities to design, test, and implement complex rate structures that reflect the evolving landscape of clean energy. This platform facilitates real-time bill calculations that ensure accuracy, providing essential insights for both utilities and customers regarding energy costs and usage behaviors. GridX's offerings serve a diverse client base, including large utility companies and their end users, such as residential and commercial customers seeking to understand their energy consumption patterns.GridX generates revenue through a subscription-based model, primarily engaging with utility companies as its clients. The company establishes partnerships with utilities that integrate its platform into their existing customer information systems (CIS), allowing for seamless billing of complex rates. Revenue is derived from these subscription agreements, which facilitate ongoing access to GridX’s services, including real-time billing analytics, tariff modeling, and customer engagement tools. By offering tailored solutions that enhance the utilities' capabilities in billing and customer communication, GridX solidifies its position in the market. Additionally, GridX aims to build out its sales and marketing, product, and engineering teams to support these initiatives. The company is also expected to explore new market opportunities to expand its geographic reach, although specific regions and timelines for expansion are not detailed.ON, Moore Strategic Ventures, NGP, and Sunfox Capital, acquired Innowatts, Inc. from Evergy Ventures, Energy Impact Partners, Shell Ventures, and Iberdrola SA. Financial terms of the transaction were not disclosed.
Who invested in GridX
6 investors across 3 rounds
See all investors in GridX
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about GridX
Who invested in GridX?
GridX has 6 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has GridX raised?
GridX has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did GridX last raise money?
GridX's most recent round on record is a Series C, in Apr 2022.
What does GridX do?
GridX is a software company.
Where is GridX headquartered?
GridX is headquartered in Walnut Creek, US.
Which VCs invest in companies like GridX?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at GridX's stage. Their profiles are linked below.
VCs backing software startups at Series C
Raising like GridX? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.