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- Copperleaf Technologies
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
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
Website
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.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 11 Jun 2024 | Strategic M&A | $740M | 9.3x |
Copperleaf Technologies Funding History
Copperleaf Technologies has raised a total of $10M across 1 funding round.
Copperleaf Technologies funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2019 | Series A | National Grid Partners (NGP) (lead) | $10M | Copperleaf 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Copperleaf Technologies investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialCopperleaf Technologies Competitors
Copperleaf Technologies competitors include listed companies like ZUKEN and GuoChuang Software, and private ones like Rescale, FlexGen, Tractian and Zhejiang Hechuan Technology.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $750M | - | ||
| Private | - | - | $754M | - | ||
| Private | - | - | $720M | - | ||
| Publicly listed | $277M | $51M | $679M | 1.7x | ||
| Private | $149M | - | $812M | 5.4x | ||
| Publicly 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $116M | ($37M) | 7.1x | 4.7x | (22.1x) | (68.3x) | |||
| $20M | ($147M) | 37.7x | - | (5.0x) | - | |||
| $277M | $51M | 1.6x | 1.7x | 8.9x | - | |||
| $329M | ($7M) | 2.6x | 2.5x | (127.4x) | 51.0x | |||
| $1.4B | $42M | 0.9x | - | 28.6x | - | |||
| $73M | $69K | 7.2x | - | 7603.1x | - | |||
| $63M | $19M | 8.9x | 8.5x | 29.1x | 26.6x | |||
| $220M | ($17M) | 4.8x | - | (60.4x) | - | |||
This data is available for Pro users. Sign up to see all Copperleaf Technologies competitors and their valuation data. Start Free Trial | ||||||||
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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