Tank Utility
Latest round
- Seed
Last raised
- Aug 2016
Total raised
- $2.2M
Investors
- 4
About Tank Utility
Founded in 2014, Tank Utility, Inc. provides innovative tank monitoring technology., and Serra Ventures.Tank Utility specializes in advanced tank monitoring solutions designed for both fuel marketers and homeowners. The core offering is its LTE monitor, which integrates with a mobile application to provide real-time alerts regarding propane tank levels. This technology enables users to manage fuel delivery more efficiently, potentially reducing the number of deliveries needed by up to 40%. Target customers include residential homeowners in need of reliable heating solutions and commercial fuel marketers aiming to optimize logistics and reduce operational costs.Tank Utility generates revenue through a subscription model centered around its tank monitoring services. Clients, which include B2B partnerships with fuel suppliers and direct-to-consumer sales to homeowners, pay for access to the LTE monitor and associated mobile app features. The company offers tiered pricing plans based on the service level required, catering to both individual homeowners and businesses managing multiple tanks.In December 2018, Tank Utility, Inc. The company plans to expand its product offerings and enhance its tank monitoring technology while targeting new markets and geographic regions in the United States.
Who invested in Tank Utility
4 investors across 1 round
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Funding rounds
Seed
Aug 30, 2016
Amount
$2.2M
Investors
Questions about Tank Utility
Who invested in Tank Utility?
Tank Utility has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Tank Utility raised?
Tank Utility has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Tank Utility last raise money?
Tank Utility's most recent round on record is a Seed, in Aug 2016.
What does Tank Utility do?
Founded in 2014, Tank Utility, Inc.
Where is Tank Utility headquartered?
Tank Utility is headquartered in Boston, US.
Which VCs invest in companies like Tank Utility?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Tank Utility's stage. Their profiles are linked below.
VCs backing software startups at Seed
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