# Powerside

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

- Industry: Power & Utilities
- Headquarters: Saint-Laurent, Canada
- Website: www.powersurvey.com
- Total disclosed funding: $24M
- Latest round: Series A (Jul 24, 2017)
- Investors on record: 5

## About

Based in Canada, Powerside specializes in advanced power quality solutions, providing a comprehensive suite of measurement, correction, and cloud software products aimed at optimizing energy efficiency across diverse sectors.Founded in 1948 and headquartered in Saint-Laurent, Canada, Powerside offers power quality solutions that include real-time monitoring and analysis tools. The company has successfully engaged in three deals, with its most recent funding round being a Series A in December 2023, where it raised USD 24.00 mn from investors including Cycle Capital Management and BDC Capital. The firm was established independently and has not undergone any notable pivots or mergers.Powerside specializes in power quality solutions, providing a robust portfolio of measurement, correction, and cloud software products designed to enhance energy quality across various industries. Their flagship products, the PQube® 3 and PQ Edge® power analyzers, deliver real-time monitoring capabilities, allowing users to identify power quality issues such as harmonics and voltage fluctuations. Additionally, Powerside offers correction solutions like low voltage fixed and automatic banks, active harmonic filters, and hybrid filters, catering to sectors like semiconductors, utilities, commercial and industrial markets, medical facilities, and electric vehicle charging stations. The company has a strong global presence, particularly in North America, Europe, and Asia, where the demand for sustainable power solutions is expanding.Powerside generates revenue primarily through direct sales to business clients, focusing on B2B transactions. Their offerings encompass a variety of pricing structures, including one-time sales and ongoing subscriptions for cloud-based monitoring solutions. Their contracts typically involve multi-year agreements that include both product sales and support services. The company’s flagship products, including the PQube® 3 and PQ Edge®, are central to their revenue generation strategy, addressing the needs of industries with significant power quality challenges. Powerside also collaborates with utilities and service providers to widen its market reach and enhance service offerings, which contributes to a diversified revenue stream.In December 2023, Powerside raised growth funding from Energy Growth Momentum to support its operational expansion. The company plans to leverage this funding to develop new products and enhance its market presence. Powerside is targeting expansion into new geographic regions, although specific locations have not been disclosed. The latest funding is aimed at bolstering the company's capabilities and facilitating entry into emerging markets, underpinning its strategy for future growth.

## Funding rounds

- Series A, Jul 24, 2017, $24M — EnerTech Capital, BDC Capital, Fonds de Solidarité des Travailleurs du Québec, Investment Quebec, Cycle Capital Management

## Investors

- EnerTech Capital (https://capitalatlas.ai/funds/enertech-capital) — Series A
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- Fonds de Solidarité des Travailleurs du Québec — Series A
- Investment Quebec (https://capitalatlas.ai/funds/investment-quebec) — Series A
- Cycle Capital Management (https://capitalatlas.ai/funds/cycle-capital-management) — Series A