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ConnectDER

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We make products that integrate power and data from residential scale DERs into the grid

Philadelphia, United StatesFounded 2011Energy
Valuation $100–250M Last recorded · 2024
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for ConnectDER and the history behind them.

About ConnectDER

ConnectDER revolutionizes the integration of distributed energy resources (DERs) by providing a streamlined, efficient, and secure connection process. Operating primarily in the renewable energy sector, ConnectDER serves utility companies and homeowners looking to incorporate solar and energy storage solutions into their energy systems. The company’s core product simplifies the connection of DERs to the grid, reducing installation time to less than 10 minutes. This rapid setup is achieved through their innovative smart metering and management systems, which ensure seamless communication and operation within the grid. ConnectDER’s business model focuses on partnerships with utility companies, enabling them to offer a hassle-free DER integration service to their customers. Revenue is generated through the sale of their proprietary connection devices and associated services. By creating an organized, standards-driven ecosystem, ConnectDER enhances grid operations and promotes the adoption of renewable energy sources. Keywords: distributed energy resources, renewable energy, smart metering, grid compatibility, utility partnerships, solar integration, energy storage, rapid setup, secure communications, ecosystem.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2011
Headquarters
Philadelphia, United States
Employees
64
Open positions
2
Dealroom signal
64.2/100
Industry
Energy
Sub-industry
Energy Storage
Sector
Energy, Product Development, Solar Energy, Sustainable Development Goals, Urban Tech, EV Charging, Climate Tech, Green Buildings, Residential Solar, Renewable Energy, Hard Tech, v2g, Smart Grid

Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES DOther financing Dec 2024 $35M $140M Energy Innovation Capital · LG Technology Ventures · Clean Energy Ventures · Avista Development ↗
SERIES COther financing Mar 2023 $27M $108M Undisclosed ↗
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Growth signals

ConnectDER website traffic

Latest recorded traffic for ConnectDER is 9.3K monthly website visits, up 14.8% over the last three months. ConnectDER's team declined 7.2% over the past year.

Latest monthly visits9.3K 3-month web change+14.8% 1-year team growth-7.2%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

17 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

  • US Department of Energy
  • Elemental Excelerator
  • PRIME Coalition

Series A7 investors entered at this stage

  • Tom Melling
  • David Kaplan
  • E8 Angels
  • Skyview Ventures
  • Investor's Circle
  • Element 8
  • Clean Energy Ventures

Series B and later7 investors entered at this stage

  • Decarbonization Partners
  • Energy Innovation Capital
  • LG Technology Ventures
  • Avista Development
  • Zoma Capital
  • MassMutual Ventures
  • Evergy Ventures
Team profiled 11 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Philadelphia HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about ConnectDER on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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