Elenia Valuation, Funding & Investors

Elenia is valued at $4.3B as of December 2017.

Last Elenia valuation

$4.3B

Undisclosed stage · Dec 2017

Last Elenia funding round

Undisclosed stage

Amount undisclosed · Dec 2017

Key investors in Elenia

  • Macquarie Asset Management
  • Allianz Global Investors

Elenia Overview

About Elenia

Elenia is an electricity distribution system operator in Finland, running a regional distribution network and selling connection, metering and network services to households, businesses and municipalities. It serves about 440,000 customers in Kanta-Hame and Paijat-Hame, Pirkanmaa, Central Finland, South Ostrobothnia and North Ostrobothnia. The company was formed in 2012 from Vattenfall's former Finnish distribution and heating operations and is headquartered in Tampere. Company sources describe it as Finland's second-largest distribution system operator.


Founded

2012

HQ

FinlandTampere

Website

elenia.fi

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Usage-based, Services

Valuation

$4.3B (Dec 2017)

Elenia Valuation

Elenia is currently valued at $4.3B, based on its undisclosed-stage round in December 2017. Read the announcement ↗

The round included Macquarie Asset Management and Allianz Global Investors.

Elenia valuation by funding round

Elenia valuation by funding round
DateStageValuation
Dec 2017Undisclosed stage$4.3B

Elenia Funding History

Elenia has raised 1 funding round.

Elenia funding rounds
DateStageInvestorsValuation
Dec 2017Undisclosed stageMacquarie Asset Management; Allianz Global Investors$4.3B

Who has invested in Elenia?

2 investors have backed Elenia across its funding rounds, including Macquarie Asset Management and Allianz Global Investors.


Elenia Investors

Investors in Elenia by funding rounds participated
InvestorHQRoundsRoleFirst check

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Elenia Competitors

Elenia competitors include listed companies like Brookfield Infrastructure and Kinetik Holdings, and private ones like The Faraday Grid, 50Hertz, SSEN Transmission and Northern Indiana Public Service Company.

Public and private companies comparable to Elenia
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Brookfield InfrastructureBrazilBrazilPublicly listed$3.7B$2.9B$4.5B5.4x
The Faraday GridUnited KingdomEdinburghPrivate--$3.7B-
50HertzGermanyGermanyPrivate--$6B-
SSEN TransmissionUnited KingdomInvernessPrivate--$7.7B-
Northern Indiana Public Service CompanyUnited StatesGary, INPrivate$1.8B-$14B8.1x
Kinetik HoldingsUnited StatesUnited StatesPublicly listed$1.8B$1.2B$4.3B6.3x

Elenia Public Comps

Elenia is still privately-owned, but its public comps include Kinetik Holdings, Empower, Riyadh Cables, TAQA Morocco, Rubis, TAURON, NorthWestern Energy, Scorpio Tankers, COPASA and Petronet LNG.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Kinetik Holdings$1.8B$1.2B7.0x6.3x10.5x11.7x
Empower$947M$447M5.5x5.4x11.6x11.3x
Riyadh Cables$2.8B$361M1.6x1.5x12.5x11.8x
TAQA Morocco$1.1B$329M4.5x4.5x15.3x14.3x
Rubis$7.5B$831M0.9x0.8x7.8x7.2x
TAURON$9.1B$2B0.8x0.8x3.6x4.0x
NorthWestern Energy$1.6B$587M4.9x4.6x13.4x11.9x
Scorpio Tankers$938M$570M3.5x3.0x5.8x4.7x

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Common questions about Elenia

When was Elenia founded?Elenia was founded in 2012.
Where is Elenia headquartered?Elenia is headquartered in Tampere, Finland.
Is Elenia publicly listed?No, Elenia is a private, VC-backed company.
What is Elenia's valuation?Elenia was last valued at $4.3B in its undisclosed-stage round in December 2017.
What was Elenia's last funding round?Elenia's last funding round was a undisclosed-stage round in December 2017.
Who are Elenia's investors?Elenia's investors include Macquarie Asset Management and Allianz Global Investors.
Which companies are comparable to Elenia?Companies comparable to Elenia include Brookfield Infrastructure, The Faraday Grid, 50Hertz, SSEN Transmission, Northern Indiana Public Service Company and Kinetik Holdings.

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