# Urjanet

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

- Industry: Software
- Headquarters: Atlanta, US
- Website: www.urjanet.com
- Total disclosed funding: $43M
- Latest round: Series D (Jun 23, 2020)
- Investors on record: 6

## About

Urjanet, Inc. is a data analytics company specializing in energy and utility data solutions, empowering businesses to optimize their energy management and sustainability initiatives across various industries globally.Founded in 2010 and headquartered in Atlanta, US, Urjanet, Inc. provides energy data solutions that assist businesses in navigating complex energy landscapes. The company has undergone strategic developments but has not been noted for any major pivots or changes in operation. The CEO, Sanjoy Malik, has a history in the tech industry, although specific previous ventures are not detailed. As of May 2022, Urjanet was acquired by Arcadia Power, Inc. for an undisclosed amount, integrating their data platforms to enhance offerings for mutual customers. The company has successfully completed a total of 7 deals, with the most recent funding round being Series D, where they raised USD 14.65 mn led by Equifax, Inc. The total amount raised by Urjanet amounts to USD 14.65 mn as well.Urjanet operates an energy data platform designed to provide utility data, tariff rate calculations, and energy optimization solutions for businesses navigating the complex energy landscape. Its core offerings include high-resolution utility data for energy and water usage, a sophisticated energy rate calculation engine, and accurate solar and storage analysis tools. By centralizing access to current and historical account and meter data from thousands of utilities across over 50 countries, Urjanet empowers its clients—ranging from energy service providers to large enterprises—to optimize their energy management strategies effectively. The platform is particularly relevant for businesses seeking to model detailed energy cost forecasts and identify significant savings opportunities, ultimately enhancing sustainability goals. Key markets for these products include North America, Europe, and Asia, focusing on industries requiring efficient energy solutions.Urjanet's revenue is generated primarily through subscription-based models and partnerships with businesses that utilize its energy data platform. Clients access a suite of API products that facilitate detailed utility data and tariff calculations, with transactions structured around annual or monthly subscription fees depending on the level of service provided. The company’s flagship products, including its energy rate calculation engine and solar and storage analytical tools, are integral to its revenue stream. The firm collaborates with diverse stakeholders, including energy service providers and corporate clients, to deliver tailored solutions that drive efficiency and sustainability in energy consumption. This transactional structure ensures steady revenue flow as clients rely on Urjanet's robust data sets and calculation capabilities to inform their operational decisions.Looking ahead, Urjanet, now part of Arcadia Power, plans to enhance its data offerings by integrating its platforms with those of Arcadia to provide a more comprehensive solution for their customers. This initiative is set to roll out in the near future as the company leverages its recent acquisition for expansion. The acquisition, completed in May 2022, enables Urjanet to tap into Arcadia's extensive network and resources, driving growth in new and existing markets. The company is particularly focused on expanding its footprint in North America, Europe, and Asia, aligning with its ongoing strategy to provide superior energy management solutions and meet the evolving needs of businesses across these regions.

## Funding rounds

- Series D, Jun 23, 2020, $15M — Grotech Ventures, Correlation Ventures, Equifax, Inc., Oak HC/FT
- Series C, Mar 2, 2017, $20M — Grotech Ventures, Correlation Ventures, GRA Venture Fund, Imlay Investments, Oak HC/FT
- Series B, Nov 1, 2012, $2M — Correlation Ventures
- Series B, Sep 7, 2012, $4M — Grotech Ventures, GRA Venture Fund, Imlay Investments
- Series A, Aug 2, 2011, $2.2M — GRA Venture Fund, Imlay Investments

## Investors

- GRA Venture Fund (https://capitalatlas.ai/funds/gra-venture-fund) — Series A, Series B, Series C
- Imlay Investments (https://capitalatlas.ai/funds/imlay-investments) — Series A, Series B, Series C
- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Series B, Series C, Series D
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series B, Series C, Series D
- Oak HC/FT (https://capitalatlas.ai/funds/oak-hc-ft) — Series C, Series D
- Equifax, Inc. — Series D