Ecowatt Energy Funding, Investors & Competitors

Ecowatt Energy has raised $112M across 2 funding rounds, most recently a $110M ico round in June 2022.

Last Ecowatt Energy funding round

$110M

ICO · Jun 2022

Cumulative funding Ecowatt Energy raised

$112M

across 2 funding rounds

Key investors in Ecowatt Energy

  • The Global Emerging Markets Group

Ecowatt Energy Overview

About Ecowatt Energy

Ecowatt Energy is a Tallinn-based platform using blockchain to enable renewable energy purchases. The company allows users to buy solar and wind power credits from European producers, tracking transactions on Ethereum for transparency. Launched in 2021, it connects 50 gigawatt-hours of green energy from farms in Estonia and Latvia to retail consumers worldwide via mobile app.


Founded

2021

HQ

IrelandDublin

Website

ecowatt.io

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Ecowatt Energy Funding History

Ecowatt Energy has raised a total of $112M across 2 funding rounds.

Ecowatt Energy's first fundraising round was a $2M pre-seed round in June 2020. The most recent completed round was a $110M ico round in June 2022.

Ecowatt Energy funding rounds

Ecowatt Energy funding rounds
DateStageInvestorsRaised
Jun 2022ICOThe Global Emerging Markets Group (lead)$110M
Jun 2020Pre-seed-$2M

Who has invested in Ecowatt Energy?

1 investor has backed Ecowatt Energy across its funding rounds, including The Global Emerging Markets Group.

Lead investors include The Global Emerging Markets Group.


Ecowatt Energy Investors

Investors in Ecowatt Energy by funding rounds participated
InvestorHQRoundsRoleFirst check

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Ecowatt Energy Competitors

Ecowatt Energy competitors include listed companies like Block, Coinbase and Circle, and private ones like Ripple, OKX and Kraken.

Public and private companies comparable to Ecowatt Energy
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RippleUnited StatesSan Francisco, CAPrivate$1.2B-$50B-
BlockUnited StatesUnited StatesPublicly listed$24B$2.2B$46B1.6x
CoinbaseUnited StatesUnited StatesPublicly listed$7.2B$1.8B$46B7.6x
OKXSeychellesVictoriaPrivate$1.9B-$25B13.2x
CircleUnited StatesUnited StatesPublicly listed$2.7B($73M)$22B6.8x
KrakenUnited StatesSan Francisco, CAPrivate$2.2B$531M$21B9.5x

Ecowatt Energy Public Comps

Ecowatt Energy is still privately-owned, but its public comps include GE Vernova, Iberdrola, China Yangtze Power, Constellation Energy, Strategy, Vistra, Block, Coinbase, ACWA Power and Vestas.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
Iberdrola$51B$17B4.4x4.3x13.2x11.8x
China Yangtze Power$13B$11B11.4x11.3x13.9x14.4x
Constellation Energy$26B$5B4.6x3.8x23.5x15.3x
Strategy$477M($5.4B)149.4x144.4x(13.1x)(12.3x)
Vistra$18B$5B4.0x3.3x13.9x10.2x
Block$24B$2.2B1.7x1.6x18.6x9.4x
Coinbase$7.2B$1.8B6.1x7.6x24.2x27.2x

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Common questions about Ecowatt Energy

When was Ecowatt Energy founded?Ecowatt Energy was founded in 2021.
Where is Ecowatt Energy headquartered?Ecowatt Energy is headquartered in Dublin, Ireland.
Is Ecowatt Energy publicly listed?No, Ecowatt Energy is a private, VC-backed company.
How much funding has Ecowatt Energy raised?Ecowatt Energy has raised $112M across 2 funding rounds.
What was Ecowatt Energy's last funding round?Ecowatt Energy's last funding round was a $110M ico round in June 2022, led by The Global Emerging Markets Group.
Who are Ecowatt Energy's investors?Ecowatt Energy's investors include The Global Emerging Markets Group.
Which companies are comparable to Ecowatt Energy?Companies comparable to Ecowatt Energy include Ripple, Block, Coinbase, OKX, Circle and Kraken.

See companies similar to Ecowatt Energy

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