Startups
Power2Switch is a licensed web-based electricity broker that enables residential and business customers in Illinois, Texas, New Jersey, and currently expanding to other deregulated states, to switch to less expensive electricity suppliers at no cost. You can save 7-30% on your electricity bill, have the option to select from renewable energy suppliers, and share your savings with someone less fortunate through our upcoming program Kilowatts of Kindness.
Overview
Location
United States, Illinois, Chicago
Employees
1-10
Phone
+1 847-868-0247
Total raised
$1.3M
Founded date
2009
Investors 1
| Date | Name | Website |
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Funding Rounds 1
| Date | Series | Amount | Investors |
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Mentions in press and media 10
| Date | Title | Description |
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| Mar 26, 2015 | Sunrun’s journey shows that there is rarely a straight line to success | With $2 billion worth of solar panels installed on 70,000 customers’ homes across 12 states, Sunrun is well on the way to proving that its model for solar power generation can work. But it wasn’t always so clear. When the company started, i... |
| Sep 30, 2013 | Choose Energy Acquires Power2Switch | Choose Energy, an online energy marketplace that helps residents and businesses switch electricity providers, acquired Power2Switch, a Chicago, IL-based energy startup. The amount of the transaction was not disclosed. Led by Seyi Fabode, CE... |
| Jun 14, 2013 | Chicago Ventures Raises $40 Million and Welcomes Kevin Willer as Partner | Fund focused on early-stage technology companies in Chicago and Greater Midwest already produces first exit. |
| Dec 5, 2011 | Power2Switch Raises $1.3M in Funding | Power2Switch, a Chicago-based startup that provides a service designed to help residents and businesses reduce energy costs by switching electricity providers, has raised $1.3m in funding. The round was led by OCA Ventures, Hyde Park Angels... |
| Dec 5, 2011 | Power2Switch Raises $1.3M | CHICAGO, IL, Startup that brings awareness of energy deregulation and enables residents and businesses to reduce energy costs by switching electricity providers, has raised $1.3 million dollars in capital. The investment round was led by ... |
| Apr 28, 2011 | Excelerate Labs Announces Ten Startups To It’s 2011 Incubator | In it's second year, the Chicago startup accelerator Excelerate Labs has just announced its new class. The program runs from June to September and offers $15K to $20K in funding and mentorship throughout the summer months. Last year, Excele... |
| Aug 14, 2009 | Power2Switch lets small businesses choose their electricity suppliers | We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! Editor’s note: This is part of VentureBeat’s seri... |
| Aug 14, 2009 | Power2Switch lets small businesses choose their electricity suppliers | Editor’s note: This is part of VentureBeat’s series “Startup Spotlight.” Every week, we’ll sift through the scores of companies applying to be promoted and profile the best one. Companies can sign up here at the Entrepreneur Corner, which i... |
| Aug 4, 2009 | Berkeley Ventures kicks off with four new startups | Berkeley Ventures, the new Bay Area incubator for early-stage tech startups, has announced its first four portfolio companies — all set to take up residence in the firm’s 8,400 square-foot office space. The firm says it handpicked each of t... |
Reviews 0
FAQ about Power2Switch
When was Power2Switch founded?
Power2Switch was founded in 2009.
How much funding has Power2Switch raised?
Power2Switch has raised $1.3M in total across 1 funding round.
What has the press written about Power2Switch?
Parsers VC has collected 10 articles mentioning Power2Switch, among them “Sunrun’s journey shows that there is rarely a straight line to success” (Mar 26, 2015) and “Choose Energy Acquires Power2Switch” (Sep 30, 2013).
Is Power2Switch still active?
Yes, Power2Switch is active; its latest activity on Parsers VC dates from Mar 26, 2015.