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- Omnidian
Omnidian Funding, Investors & Competitors
Omnidian has raised $169M across 7 funding rounds, most recently a $87M Series C in April 2025.
Last Omnidian funding round
$87M
Series C · Apr 2025
Cumulative funding Omnidian raised
$169M
across 7 funding rounds
Key investors in Omnidian
Congruent Ventures
Blue Bear Capital
National Grid Partners (NGP)
Avista
City Light Capital
Activate Capital Partners
Earth Foundry
WIND Ventures
About Omnidian
Omnidian is a Seattle-based solar asset assurance and performance-monitoring company that uses machine learning and IoT-connected platforms to optimize the uptime and reliability of residential, commercial, and industrial solar systems. It offers performance plans, guarantees, and asset management services that help solar owners maximize output and manage risk over the life of their systems. The company has expanded internationally into Australia and Europe and is extending into adjacent areas such as EV charging infrastructure and commercial energy storage.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Services
Omnidian Funding History
Omnidian has raised a total of $169M across 7 funding rounds.
Omnidian's first fundraising round was a $600K seed round in October 2016. The most recent completed round was a $87M Series C in April 2025.
Omnidian funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2025 | Series C | Alumni Ventures (lead); B Capital (lead); WIND Ventures; Liberty Mutual Investments; BNP Paribas Solar Impulse Venture fund; Citi Impact Fund; Marunouchi Innovation Partners; Activate Capital Partners; National Grid Partners (NGP) | $87M | Omnidian is a solar asset assurance and performance monitoring platform that uses machine learning and advanced analytics to optimize the uptime and reliability of clean energy systems. The company serves residential and commercial solar customers, providing monitoring, optimization, and risk management solutions to increase asset performance and enable investment in distributed renewable energy infrastructure. In April 2025, Omnidian raised more than $87 million in a Series C funding round led by B Capital, with participation from multiple investors including the Marunouchi team, Citi Impact Fund, and other longstanding partners. The company reported that its revenue more than tripled from 2022 to 2024, and it maintains a strong trailing 12-month gross revenue retention rate. With this capital infusion, Omnidian plans to scale core operations for post-installation clean energy solutions, expand geographically into high-potential markets including deeper penetration in Australia and new European markets, and explore new product ecosystems such as EV charging infrastructure and commercial energy storage solutions. The company has also pursued international expansion through acquisition of a solar service provider in the APAC region and continues to evaluate opportunities across key solar and storage markets. |
| Oct 2023 | Undisclosed stage | Avista; WIND Ventures; HSBC Asset Management; Evergy Ventures; Activate Capital Partners; Congruent Ventures; National Grid Partners (NGP); Blue Bear Capital | $25M | Omnidian is a Seattle-based provider of nationwide performance plans, guarantees, and asset management services for residential, commercial, and industrial solar systems, using IoT-connected platforms to monitor and optimize clean energy assets. The company raised $25 million in a Series B - II round on October 26, 2023, with participation from Activate Capital, Avista Development, Blue Bear Capital, Congruent Ventures, Evergy Ventures, HSBC Asset Management, National Grid Partners, and WIND Ventures. This followed a $33 million Series B in 2021 led by Activate Capital with some overlapping investors. The 2023 funds aimed to enhance technical innovation for portfolio performance transparency and position Omnidian as the premier asset performance management solution for enterprise clients. Post-2023, Omnidian secured an $87 million Series C, led by B Capital with participation from Marunouchi Innovation Partners, BNP Paribas, Citi Impact Fund, Alumni Ventures, and prior investors like Activate Capital, Liberty Mutual Investments, National Grid, and WIND Ventures. In the Series C announcement, Omnidian reported revenue more than tripled from 2022 to 2024 with a strong trailing 12-month gross revenue retention rate, highlighting growth in the clean energy sector amid surging solar adoption. Funds supported expansion into energy storage, EV charging, international markets like Australia, and existing solar maintenance services. Omnidian emphasizes AI, machine learning, and analytics to de-risk renewable investments and improve customer experience in a market where solar drove 81% of new U.S. energy capacity in the prior year. |
| Sep 2021 | Series B | Activate Capital Partners (lead); Avista; Liberty Mutual Insurance; WIND Ventures; Earth Foundry; Evergy Ventures; Congruent Ventures; IA Capital Group; National Grid Partners (NGP); City Light Capital; Blue Bear Capital; Centrica | $33M | Omnidian is a nationwide provider of residential, commercial, and industrial solar system performance plans and performance guarantees, offering an intelligent asset management platform for IoT-connected solar assets to ensure reliability and accelerate renewable energy adoption. On September 21, 2021, the company raised $33 million in a Series B round led by Activate Capital Partners, with participation from Liberty Mutual Insurance, WIND Ventures, and existing investors including City Light Capital, IA Capital Group, Evergy Ventures, Avista Development Inc., Congruent Ventures, Centrica, National Grid Partners, Energy Foundry, and Blue Bear Capital. The new capital was intended to enhance its solar platform, expand into new market segments, and support international growth amid accelerating solar market demand. Activate Capital highlighted Omnidian's role in treating solar assets as critical infrastructure for grid resiliency and the energy transition, praising the team's expertise in performance management. |
| Jun 2019 | Series A | IA Capital Group (lead); Avista; Earth Foundry; Congruent Ventures; National Grid Partners (NGP); City Light Capital; Blue Bear Capital | $15M | Omnidian is a US-based solar energy servicing company founded in 2015 that provides monitoring and protection services for residential and commercial solar panels, including maintenance alerts, system diagnostics, and call-outs to prevent breakdowns. The company secured a $15 million Series A funding round on June 25, 2019, led by IA Capital Group, with participation from Avista Development, National Grid Partners, Evergy Ventures, Blue Bear Capital, City Light Capital, and Congruent Ventures. This capital supports expansion of its Elite Dealer Program, which bundles protection plans with solar panel sales at a reduced first-year fee, and entry into new markets like New York and California to reach over 75% of the US solar market. At the time, Omnidian managed over 75,000 residential solar systems and served lease portfolios of Fortune 1000 clients nationwide. The funding aims to enhance client servicing, grow the dealer network, and explore insurtech applications beyond solar for Internet of Things devices. Prior rounds included a $5.1 million oversubscribed investment led by Congruent Ventures in November 2017 and an undisclosed investment from National Grid Partners in November 2018. |
| Jun 2018 | Seed | - | $4M | Omnidian raised $33 million in a Series B funding round around June 2018, led by Activate Capital with participation from Liberty Mutual Insurance, WIND Ventures, and existing investors including City Light Capital, IA Capital, Evergy Ventures, Avista Development Inc., Congruent Ventures, Centrica, National Grid Partners, Energy Foundry, and Blue Bear Capital. The company provides nationwide performance plans and guarantees for residential, commercial, and industrial solar systems. The capital was intended to enhance its solar platform, expand into new market segments like energy storage, EV charging, and HVAC, and support international expansion. At the time, Omnidian managed over 1,700 megawatts for customers, employed more than 100 professionals across 16 states, and had launched performance services for energy storage. |
| Nov 2017 | Seed | Congruent Ventures (lead); Avista; Ekistic Ventures; Earth Foundry; City Light Capital; Blue Bear Capital | $5M | Omnidian is a solar asset management firm that offers performance guarantees on residential rooftop solar arrays, transferring energy production risk from asset owners to the company. The company's proprietary technology integrates with major third-party monitoring platforms to identify underperforming assets and coordinates field service dispatch through a network of certified technicians. In July 2017, Omnidian closed an oversubscribed $5.1 million Series Seed round led by Congruent Ventures, with participation from City Light Capital, Blue Bear Capital, Energy Foundry, Ekistic Ventures, and Avista Development, a subsidiary of utility Avista Corp. This represented the company's first major funding since receiving $600,000 in seed capital in October 2016. At the time of the round, Omnidian was managing tens of thousands of residential solar systems and had doubled its assets under management in September 2017 alone, with more than 100 megawatts under primary management and 300 megawatts available as a backup service provider. The company's team had extensive residential solar industry experience, having managed nearly half of all residential solar systems installed in the United States. |
| Oct 2016 | Seed | - | $600K | - |
Who has invested in Omnidian?
20 investors have backed Omnidian across its funding rounds, including Congruent Ventures, Blue Bear Capital, National Grid Partners (NGP), Avista, City Light Capital and Activate Capital Partners.
Lead investors include Alumni Ventures, B Capital, Activate Capital Partners, IA Capital Group and Congruent Ventures.
Omnidian Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Nov 2017 | ||
| 4 | Lead | Nov 2017 | ||
| 4 | Participant | Jun 2019 | ||
| 4 | Participant | Nov 2017 | ||
| 3 | Participant | Sep 2021 | ||
| 3 | Participant | Nov 2017 | ||
| 3 | Lead | Sep 2021 | ||
| 3 | Participant | Nov 2017 | ||
| 2 | Participant | Sep 2021 | ||
| 2 | Lead | Jun 2019 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Apr 2025 | ||
| 1 | Participant | Oct 2023 | ||
This data is available for Pro users. Sign up to see all 20 Omnidian investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Omnidian
Omnidian has acquired 2 companies to date.
Last acquisition by Omnidian was on March 4th 2025. Omnidian acquired Solar Service Guys for undisclosed valuation.
Latest Acquisitions by Omnidian
| Description | Solar Service Guys is an Australian solar service provider operating in Queensland. The company handles operations, maintenance, installations, and repairs for commercial and residential photovoltaic systems. It specializes in panel cleaning, inverter diagnostics, and system optimizations for sites in Brisbane, Gold Coast, and Sunshine Coast regions. Solar Service Guys supports major brands like Fronius inverters and SunPower panels through scheduled inspections and emergency response services. | PV Pros O&M unit is an Austin-based provider of independent engineering services for utility-scale solar and battery storage projects. It conducts due diligence, site assessments, and performance audits for 2 GW of assets, serving developers like Cypress Creek Renewables. Transitioning fully to owner's representative roles since 2022, PV Pros mitigates risks in EPC contracts. |
| HQ Country | ||
| HQ City | - | Hoboken, NJ |
| Deal Date | 4 Mar 2025 | 9 Mar 2020 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Omnidian acquisitions and their M&A valuation multiples. Start Free Trial | ||
Omnidian Competitors
Omnidian competitors include listed companies like GE Vernova, TBEA and Siemens Energy India, and private ones like Base Power, Round-the-Clock and Enpal.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $38B | $3.2B | $246B | 5.4x | ||
| Publicly listed | $15B | $2.4B | $13B | 1.4x | ||
| Private | - | - | $13B | - | ||
| Publicly listed | $811M | $158M | $12B | 10.9x | ||
| Private | - | - | $6.1B | - | ||
| Private | $1B | $24M | $2.5B | - |
Omnidian Public Comps
Omnidian is still privately-owned, but its public comps include GE Vernova, Reliance Industries, Iberdrola, Siemens Energy, Enbridge, China Yangtze Power, Constellation Energy, Quanta Services, Williams Companies and Enterprise Products.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $38B | $3.2B | 6.2x | 5.4x | 73.5x | 43.5x | |||
| $110B | $20B | 1.9x | 1.7x | 10.4x | 10.3x | |||
| $51B | $17B | 4.4x | 4.3x | 13.2x | 11.8x | |||
| $45B | $4.5B | 2.7x | 2.4x | 27.3x | 16.1x | |||
| $47B | $15B | 4.2x | 3.6x | 13.3x | 13.3x | |||
| $13B | $11B | 11.4x | 11.3x | 13.9x | 14.4x | |||
| $26B | $5B | 4.6x | 3.8x | 23.5x | 15.3x | |||
| $28B | $2.5B | 3.5x | 2.7x | 38.8x | 26.3x | |||
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Common questions about Omnidian
| When was Omnidian founded? | Omnidian was founded in 2015. |
| Where is Omnidian headquartered? | Omnidian is headquartered in United States. |
| Is Omnidian publicly listed? | No, Omnidian is a private, VC-backed company. |
| How much funding has Omnidian raised? | Omnidian has raised $169M across 7 funding rounds. |
| What was Omnidian's last funding round? | Omnidian's last funding round was a $87M Series C in April 2025, led by Alumni Ventures and B Capital. |
| Who are Omnidian's investors? | Omnidian's investors include Avista, Congruent Ventures, National Grid Partners (NGP), Blue Bear Capital, WIND Ventures, Earth Foundry, Activate Capital Partners, City Light Capital, Evergy Ventures, IA Capital Group and 10 others. |
| Which companies are comparable to Omnidian? | Companies comparable to Omnidian include GE Vernova, TBEA, Base Power, Siemens Energy India, Round-the-Clock and Enpal. |
| How many companies has Omnidian acquired? | Omnidian has acquired 2 companies, including Solar Service Guys and PV Pros (O&M unit). |
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