# Tendril Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tendril-networks

- Industry: Software
- Headquarters: Boulder, US
- Website: www.tendrilinc.com
- Total disclosed funding: $80M
- Latest round: Series E (May 1, 2012)
- Investors on record: 9

## About

Tendril Networks, Inc. specializes in providing integrated clean energy technology solutions, enhancing energy management capabilities for utilities and consumers alike.Founded in 2004 and headquartered in Boulder, US, Tendril Networks, Inc. focuses on delivering energy management solutions. The company underwent a significant change in July 2019 when it merged with Simple Energy, Inc. to form Uplight, Inc. under the guidance of founder Stuart Willson, who has a history of involvement in energy-related ventures. This merger was aimed at broadening their customer-facing solutions.Tendril Networks, Inc. offers an integrated suite of clean energy technology solutions designed to enhance grid capacity and optimize energy management. Their core offerings include an AI-powered platform that combines energy efficiency, electrification, demand management, and rates engagement solutions for both residential and business customers. The products feature personalized home energy reports, digital portals, and a marketplace for energy-efficient devices, facilitating improved customer engagement and satisfaction across the United States, Canada, and select international markets.Tendril Networks, Inc. generates revenue through subscription-based services and partnerships with energy providers and utility companies. Clients engage with their platform to access a variety of functionalities, including customer engagement tools and demand-side management solutions. Revenue is structured through agreements for services such as energy management systems and data analytics tools, which help clients optimize energy consumption and foster a sustainable energy ecosystem.Following the merger in July 2019, Tendril Networks, Inc. aims to leverage the newly formed Uplight, Inc. for comprehensive customer-facing solutions for electric and gas utilities. The future growth strategy will focus on the development and launch of new products designed to enhance energy management, further expanding into markets across North America and potentially into Europe by 2022. The recent funding of USD 5.08 mn will support these initiatives, facilitating the introduction of innovative solutions to better serve their clientele and navigate the energy transition.

## Funding rounds

- Series E, May 1, 2012, $25M — GE Capital, Equity, RRE Ventures, VantagePoint Capital, Siemens Group, Good Energies Inc.
- Series D, Oct 20, 2010, $15M — RRE Ventures, VantagePoint Capital, TIAA-CREF Life Insurance Company
- Series C, May 6, 2009, $19M — RRE Ventures, VantagePoint Capital, Appian Venture Partners, Vista Ventures, Good Energies Inc.
- Series B, Mar 19, 2008, $12M — RRE Ventures, Appian Venture Partners, Access Venture Partners, Vista Ventures
- Series B, Dec 10, 2007, $0.7M — Appian Venture Partners, Access Venture Partners, Vista Ventures
- Series B, Aug 2, 2006, $5.3M — Appian Venture Partners, Access Venture Partners, Vista Ventures
- Series A, Apr 13, 2005, $2.3M — Appian Venture Partners, Access Venture Partners
- Series A, Oct 28, 2004, $0.4M — Appian Venture Partners, Access Venture Partners, Vista Ventures

## Investors

- Appian Venture Partners (https://capitalatlas.ai/funds/appian-venture-partners) — Series A, Series B, Series C
- Access Venture Partners (https://capitalatlas.ai/funds/access-venture-partners) — Series A, Series B
- Vista Ventures (https://capitalatlas.ai/funds/vista-ventures) — Series A, Series B, Series C
- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series B, Series C, Series D, Series E
- VantagePoint Capital (https://capitalatlas.ai/funds/vantagepoint-capital) — Series C, Series D, Series E
- Good Energies Inc. — Series C, Series E
- TIAA-CREF Life Insurance Company — Series D
- GE Capital, Equity (https://capitalatlas.ai/funds/ge-capital-equity) — Series E
- Siemens Group — Series E