Mercom Smart Grid Q1 2017 Funding and M&A Fact Sheet
VC Funding
• Q1 2017: $164 million in 14 deals
• Q4 2016: $46 million in 6 deals
• Q3 2016: $11 million in 7 deals
• Q2 2016: $222 million in 15 deals
• Q1 2016: $110 million in 14 deals
• Annual 2016: $389 million in 42 deals
• Annual 2015: $425 million in 57 deals
• Annual 2014: $383 million in 73 deals
Top 5 VC Funded Companies in Q1 2017
• ChargePoint - a provider of an open electric vehicle charging network - secured $82 million in funding from: Daimler, BMW i Ventures, Linse Capital, Rho Capital Partners, and Braemar Energy Ventures.
• Urjanet - a provider of utility data aggregation and analytics solutions - received $20 million in funding from Oak HC/FT.
• POD Point - an electric vehicle charge point provider - raised $11.2 million in funding from Draper Esprit and Barclays Capital.
• Blue Pillar - an energy IoT company and a provider of software-based solutions that increase real-time visibility into and control of distributed energy assets - raised $10 million in funding from:
• Enchanted Rock - a provider of integrated electricity solutions using distributed energy and control technologies - raised $10 million in funding from Energy Impact Partners.
Q1 2017 VC Funding by Technology
• Smart Charging of Plug-in hybrid vehicles (PHEV) and Vehicle to grid (V2G): $93 million in 2 deals
• Distributed Generation and Integration: $33 million in 5 deals
• Data Analytics: $20 million in 3 deals
• SG Communications: $9 million amount in 2 deals
VC Investors
• Q1 2017: 40 investors
• Q4 2016: 9 investors
• Q3 2016: 7 investors
• Q2 2016: 46 investors
• Q1 2016: 22 investors
• Annual 2016: 84 investors
• Annual 2015: 103 investors
• Annual 2014: 88 investors
Debt and Public Market Financing
• Q1 2017: No deals
• Q4 2016: $7 million in 1 deal
• Q3 2016: $250,000 in 1 deal
• Q2 2016: $3 million in 1 deal
• Q1 2016: $214 million in 2 deals
• Annual 2016: $224 million in 5 deals
• Annual 2015: $102 million in 2 deals
• Annual 2014: $461 million in 8 deals
Corporate M&A Transactions
• Q1 2017: $35 million in 7 transactions
• Q4 2016: Undsclosed amount in 1 transaction
• Q3 2016: $1.8 billion in 8 transactions
• Q2 2016: $208 million in 3 transactions
• Q1 2016: $431 million in 2 transactions
• Annual 2016: $2.4 billion in 15 transactions
• Annual 2015: $5.4 billion in 20 transactions
• Annual 2014: $3.9 billion in 32 transactions
Disclosed M&A Transactions in 2016
• Ormat Technologies, a vertically integrated company engaged in geothermal and recovered energy generation, acquired Viridity Energy, a provider of energy management software, for $35 million.
• Grid Optimization: $9 million amount in 2 deals
VC Investors
• Q1 2017: 40 investors
• Q4 2016: 9 investors
• Q3 2016: 7 investors
• Q2 2016: 46 investors
• Q1 2016: 22 investors
• Annual 2016: 84 investors
• Annual 2015: 103 investors
• Annual 2014: 88 investors
Debt and Public Market Financing
• Q1 2017: No deals
• Q4 2016: $7 million in 1 deal
• Q3 2016: $250,000 in 1 deal
• Q2 2016: $3 million in 1 deal
• Q1 2016: $214 million in 2 deals
• Annual 2016: $224 million in 5 deals
• Annual 2015: $102 million in 2 deals
• Annual 2014: $461 million in 8 deals
Corporate M&A Transactions
• Q1 2017: $35 million in 7 transactions
• Q4 2016: Undsclosed amount in 1 transaction
• Q3 2016: $1.8 billion in 8 transactions
• Q2 2016: $208 million in 3 transactions
• Q1 2016: $431 million in 2 transactions
• Annual 2016: $2.4 billion in 15 transactions
• Annual 2015: $5.4 billion in 20 transactions
• Annual 2014: $3.9 billion in 32 transactions
Mercom | www.mercomcapital.com