Copperleaf Technologies Acquisition, Valuation, Funding & Investors

Copperleaf Technologies was acquired by IFS for $740M in June 2024, a 9.3x multiple on $80M of revenue.

Copperleaf Technologies acquisition price

$740M

Acquired by IFS · Jun 2024

Copperleaf Technologies revenue at acquisition

$80M

Last twelve months · Jun 2024

Copperleaf Technologies revenue multiple at acquisition

9.3x

EV/Revenue · Jun 2024

Cumulative funding Copperleaf Technologies raised

$10M

across 1 funding round

Copperleaf Technologies Overview

About Copperleaf Technologies

Copperleaf Technologies is a Vancouver-headquartered provider of decision analytics software for utilities and infrastructure operators worldwide. Its flagship platform, Copperleaf Portfolio, integrates asset management data to prioritize capital investments using value-based frameworks aligned with ISO 55000 standards. The company supports over 100 clients including BC Hydro and Enel, enabling multimillion-dollar savings in grid modernization projects. Named one of Canada's fastest-growing software firms by Canadian Business in 2016, Copperleaf employs more than 200 staff across offices in the UK, US, Australia, and Asia. Founded in 2000, it actively contributes to the Institute of Asset Management.


Founded

2000

HQ

CanadaVancouver

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$80M (Jun 2024)

Valuation

$740M (acquired Jun 2024)

Copperleaf Technologies Acquisition

Copperleaf Technologies was acquired by IFS for $740M on 11 June 2024.

The acquisition price implies a 9.3x revenue multiple on $80M of revenue.

Before the acquisition Copperleaf Technologies had raised $10M across 1 funding round.

Copperleaf Technologies acquisition details
AcquirerDateTypePriceEV/Revenue
  • IFS
11 Jun 2024Strategic M&A$740M9.3x

Copperleaf Technologies Funding History

Copperleaf Technologies has raised a total of $10M across 1 funding round.

Copperleaf Technologies funding rounds

Copperleaf Technologies funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2019Series ANational Grid Partners (NGP) (lead)$10MCopperleaf Technologies, a Vancouver-based provider of decision analytics software for asset-intensive organizations, completed a $10 million USD strategic investment from National Grid Partners (NGP) on June 12, 2019. NGP, the venture capital arm of National Grid, invested to support high-growth companies with disruptive technologies aiding energy sector operations. The investment followed National Grid's adoption of Copperleaf's Decision Analytics Solution across three business units: gas distribution in the northeastern US in 2016, and electricity transmission and gas transmission in the UK in 2018. Copperleaf uses the capital to fund innovation, expand into new markets and geographies, and enhance customer value delivery. The partnership includes co-development of solutions like Intelligent Bundling for circuit optimization in transmission networks, considering bundling gains, outage costs, and constraints. Andre Turenne from NGP joined Copperleaf's board, strengthening ties with National Grid's global network. At the time, Copperleaf managed analytics for over $645 billion in global infrastructure and had been recognized for revenue growth, appearing on Canada's GROWTH 500 for four years and Deloitte’s Technology Fast 500 in 2018.

Who has invested in Copperleaf Technologies?

1 investor has backed Copperleaf Technologies across its funding rounds, including National Grid Partners (NGP).

Lead investors include National Grid Partners (NGP).


Copperleaf Technologies Investors

Investors in Copperleaf Technologies by funding rounds participated
InvestorHQRoundsRoleFirst check

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Copperleaf Technologies Competitors

Copperleaf Technologies competitors include listed companies like ZUKEN and GuoChuang Software, and private ones like Rescale, FlexGen, Tractian and Zhejiang Hechuan Technology.

Public and private companies comparable to Copperleaf Technologies
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RescaleUnited StatesSan Francisco, CAPrivate--$750M-
FlexGenUnited StatesDurham, NCPrivate--$754M-
TractianUnited StatesUnited StatesPrivate--$720M-
ZUKENJapanJapanPublicly listed$277M$51M$679M1.7x
Zhejiang Hechuan TechnologyChinaQuzhouPrivate$149M-$812M5.4x
GuoChuang SoftwareChinaChinaPublicly listed$220M($17M)$960M-

Copperleaf Technologies Public Comps

Copperleaf Technologies is no longer listed, but its public comps include Breton Technology, Shenzhen Sunwin, ZUKEN, PSI Software, Shenzhen Tianyuan Dic, Jiangxi Tianli Technology, Chrysos Corp., GuoChuang Software, Qt Group and Hansen Technologies.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Breton Technology$116M($37M)7.1x4.7x(22.1x)(68.3x)
Shenzhen Sunwin$20M($147M)37.7x-(5.0x)-
ZUKEN$277M$51M1.6x1.7x8.9x-
PSI Software$329M($7M)2.6x2.5x(127.4x)51.0x
Shenzhen Tianyuan Dic$1.4B$42M0.9x-28.6x-
Jiangxi Tianli Technology$73M$69K7.2x-7603.1x-
Chrysos Corp.$63M$19M8.9x8.5x29.1x26.6x
GuoChuang Software$220M($17M)4.8x-(60.4x)-

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Common questions about Copperleaf Technologies

When was Copperleaf Technologies founded?Copperleaf Technologies was founded in 2000.
Where is Copperleaf Technologies headquartered?Copperleaf Technologies is headquartered in Vancouver, Canada.
Is Copperleaf Technologies publicly listed?No, Copperleaf Technologies was acquired by IFS in June 2024.
Who acquired Copperleaf Technologies?Copperleaf Technologies was acquired by IFS in June 2024.
How much was Copperleaf Technologies acquired for?Copperleaf Technologies was acquired for $740M in June 2024, a 9.3x revenue multiple.
How much funding has Copperleaf Technologies raised?Copperleaf Technologies has raised $10M across 1 funding round.
What was Copperleaf Technologies' last funding round?Copperleaf Technologies' last funding round was a $10M Series A in June 2019, led by National Grid Partners (NGP).
Who are Copperleaf Technologies' investors?Copperleaf Technologies' investors include National Grid Partners (NGP).
Which companies are comparable to Copperleaf Technologies?Companies comparable to Copperleaf Technologies include Rescale, FlexGen, Tractian, ZUKEN, Zhejiang Hechuan Technology and GuoChuang Software.

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