Sectors · Energy & Environment

Electric Utilities

Private financing across Electric Utilities, aggregated from public sources.

Electric Utilities is a subsector of Energy & Environment. Zoom out to read the whole macro sector — $113.2B raised across 3,286 companies.

Other Energy$56.4BClimate / Cleantech$23.1BEnergy / Climate$3.8BEnvironmental Services$3.8BCoal Mining$3.6BEnergy Conservation$3.2BEnergy$2.5BUtilities / Environment—
$16.7B
Capital raised
133
Companies
185
Rounds
2001
First on record
2025-11-17
Latest round

Cooling Electric Utilities drew $25.8M over the last 12 months, down 98% versus the prior 12 ($1.4B). Of 64 companies rankable against same-niche peers, 16% model over-valued and 36% under-valued.

Capital flow over time

Quarterly capital raised across Electric Utilities.

2008-Q4 · $1.1M2008-Q42009-Q2 · $31.9M2009-Q3 · $1.4M2009-Q4 · $19.4M2010-Q1 · $2.0M2010-Q2 · $2.9M2010-Q22010-Q3 · $700K2010-Q4 · $72.5M2011-Q1 · $172.4M2011-Q2 · $5.4M2011-Q3 · $250.3M2011-Q32011-Q4 · $673.1M2012-Q1 · $123.1M2012-Q2 · $469.6M2012-Q3 · $2.2B2012-Q4 · $166.8M2012-Q42013-Q1 · $51.5M2013-Q2 · $143.7M2013-Q4 · $150.8M2014-Q1 · $470.0M2014-Q2 · $1.8M2014-Q22014-Q3 · $208.4M2014-Q4 · $62.8M2015-Q1 · $200K2015-Q2 · $8.0M2015-Q3 · $4.8M2015-Q32015-Q4 · $2.9M2016-Q1 · $57.5M2016-Q2 · $600K2016-Q3 · $74.3M2016-Q4 · $500.3M2016-Q42017-Q1 · $1.1M2017-Q2 · $1.8B2017-Q3 · $372.5M2017-Q4 · $196.2M2018-Q1 · $50.1M2018-Q12018-Q2 · $3.0M2018-Q3 · $101.2M2018-Q4 · $6.7M2019-Q1 · $6.3B2019-Q2 · $2.7M2019-Q22019-Q3 · $205.4M2020-Q1 · $765K2020-Q2 · $40.4M2020-Q4 · $11.8M2021-Q1 · $250K2021-Q12021-Q2 · $150K2021-Q4 · $53.4M2022-Q1 · $7.0M2022-Q2 · $7.7M2022-Q3 · $10.0M2022-Q32022-Q4 · $36.4M2023-Q3 · $623K2023-Q4 · $30.1M2024-Q1 · $25.9M2024-Q3 · $1.1B2024-Q32024-Q4 · $247.7M2025-Q1 · $100.3M2025-Q4 · $25.8M
Median round size by stage
StageMedian roundRounds
Growth/Late$458.5M16
Series D+$150.0M18
Series C$49.7M25
Series B$25.0M16
Series A$5.0M34
Seed$2.1M35
Pre-Seed$465K41
Top-funded companies
CompanyStageRaisedModeled value
Infinity Green Inc.
COLUMBIA
Growth/Late$6.7B$29.8B
Northeast Utilities
SPRINGFIELD
Growth/Late$1.8B$10.7B
Base Electric & Water Corp.
HONOLULU
Growth/Late$1.1B$9.6B
Gridiron Energy Feeder I, L.P.
New York
Growth/Late$900.0M$8.9B
Gridiron Energy, LLC
New York
Growth/Late$900.0M$8.9B
Firstenergy Corp
AKRON
Growth/Late$500.0M$5.0B
Entegra TC LLC
TAMPA
Growth/Late$521.1M$4.9B
OHm Geothermal LLC
FERNLEY
Growth/Late$430.0M$4.1B
Infinity Green LLC.
COLUMBIA
Series D+$404.3M$3.5B
Amkor Green, LLC.
NY
Series D+$350.0M$3.4B
Wde Partners, L.P.
EAST BRUNSWICK
Series D+$325.3M$3.1B
Crius Energy, LLC
STAMFORD
Series D+$300.0M$2.9B
Hongkong Baosheng international group
HONGKONG
Series D+$200.0M$1.9B
Upper Peninsula Power Holding Co
New York
Series D+$200.0M$1.9B
Colonial Gas Co
Brooklyn
Series D+$200.0M$1.4B
Vermont Transco Llc
RUTLAND
Series D+$434.7M$1.2B
Cleco Power Llc
PINEVILLE
Series C$100.0M$956.8M
FR Utility Services Holdings LLC
GREENWICH
Series C$95.0M$909.1M
Pinnacle West Capital Corp
PHOENIX
Series C$129.3M$720.0M
BANGOR HYDRO ELECTRIC Co
BANGOR
Series C$70.0M$669.7M
Related sectors
Fintech$16.6BAgriculture$17.0BSpace / Aerospace$15.6BMedia & Content$15.3BConstruction$14.2BHospitals and Physicians$12.7BRestaurants$12.5BClimate / Cleantech$23.1B

Browse all sectors or the full company rankings.

Frequently asked
How much venture funding has the Electric Utilities sector raised?
Companies in Electric Utilities have raised approximately $16.7B across 185 recorded financing rounds among 133 companies, aggregated from public sources.
Is Electric Utilities venture funding growing?
Electric Utilities funding is currently cooling: capital raised over the last 12 months was down 98% versus the prior 12 months.
What is the typical round size in Electric Utilities?
Median disclosed round sizes in Electric Utilities by stage are: Growth/Late $458.5M, Series D+ $150.0M, Series C $49.7M, Series B $25.0M. These are medians across recorded rounds, not averages.
Which are the most-funded Electric Utilities companies?
The most-funded Electric Utilities companies in our coverage include Infinity Green Inc., Northeast Utilities, Base Electric & Water Corp., Gridiron Energy Feeder I, L.P., Gridiron Energy, LLC. See the full ranked table for disclosed capital and modeled valuations.
When did Electric Utilities funding activity begin in this data?
The earliest recorded Electric Utilities financing in our coverage dates to 2001, with the most recent round around 2025-11-17.