Urjanet is a company.
Urjanet has raised $39.0M across 3 funding rounds.
Key people at Urjanet.
Urjanet has raised $39.0M in total across 3 funding rounds.
Key people at Urjanet.
Urjanet was a cloud-based data-as-a-service (DaaS) platform that automated the collection, normalization, and delivery of utility bill and interval data from thousands of providers worldwide, serving SMEs, multinational corporations, and organizations focused on energy management.[1][2][3] It solved key challenges in accessing disparate utility data for electric, gas, telco, water, and waste services across 30-52 countries, enabling automated accounting, bill processing, energy cost management, regulatory compliance, sustainability reporting, and emerging uses like alternative credit scoring.[1][3][4] Prior to its acquisition by Arcadia in October 2021 (announced May 2022), Urjanet demonstrated strong growth, raising $20 million in Series C funding in 2020 led by Oak HC/FT, expanding to 4,000-9,500 utilities, and powering applications for leading energy and sustainability providers, with coverage for 30% of Fortune 500 companies.[1][2][3]
Founded in 2010 by a team of veteran entrepreneurs and headquartered in Atlanta, Georgia, Urjanet emerged to address the fragmented nature of global utility data, building a platform that connected directly to utilities for seamless data acquisition and normalization.[5][7] Under CEO Sanjoy Malik, the company gained early traction by becoming the global leader in utility data aggregation, launching solutions like Utility Data for Resilient Buildings in 2020 amid COVID-19 challenges, and securing significant funding including the 2020 Series C round to broaden its network and explore financial services applications.[1][2] A pivotal moment came with its acquisition by climate tech company Arcadia in late 2021, integrating Urjanet's assets into Arcadia's Arc platform to accelerate decarbonization efforts, as both shared a vision for democratizing energy data.[2][3][4]
Urjanet rode the wave of decarbonization and climate tech, providing essential high-fidelity utility data amid rising demands for ESG reporting, energy optimization, and zero-carbon transitions—trends amplified by regulatory pressures and only 9% of companies using software for accurate ESG management.[3][4] Its timing aligned with market forces like government initiatives (e.g., CFPB exploring utility data for credit decisions) and the geographically fragmented utility sector, where few scaled solutions existed.[1][4] By aggregating data at global scale, Urjanet influenced the ecosystem as a foundational layer, enabling Arcadia's Arc to become the universal software platform for climate tech, fostering network effects in renewables, payments, and carbon accounting across industries.[2][3][4]
Post-acquisition, Urjanet's technology endures within Arcadia's expanded platform, poised to capitalize on accelerating climate urgency, AI-driven energy analytics, and mandatory global ESG disclosures. Trends like real-time carbon tracking and utility data in fintech will amplify its reach, potentially evolving influence through broader API ecosystems and partnerships. This positions the combined entity as a linchpin in the zero-carbon economy, transforming fragmented utility data into actionable insights for a sustainable future—echoing Urjanet's original mission of easy, automated global access.[3][4]
Urjanet has raised $39.0M in total across 3 funding rounds.
Urjanet's investors include Alpha Prime Fund, Grotech Ventures, Oak HC/FT, Riverwood Capital, TCV, Dan Raveh, Jeff Seltzer.
Urjanet has raised $39.0M across 3 funding rounds. Most recently, it raised $15.0M Series D in June 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2020 | $15.0M Series D | Alpha Prime Fund, Grotech Ventures, Oak HC/FT, Riverwood Capital, TCV, Dan Raveh, Jeff Seltzer | |
| Mar 1, 2017 | $20.0M Series C | Alpha Prime Fund, Grotech Ventures, Oak HC/FT, TCV, Dan Raveh, Jeff Seltzer | |
| Sep 1, 2012 | $4.0M Series B | Grotech Ventures, TCV |
