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Tendril

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Provides a cloud platform to energy service providers for their energy management applications

Boulder, United StatesFounded 2004Energy
Valuation $0–100M Latest valuation · 2012
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
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About Tendril

Founded in 2004, Tendril emerged as a key player in the energy software sector, focusing on enhancing the relationship between energy providers and consumers through data analytics. The company was co-founded by Tim Enwall, with Adrian Tuck joining as CEO in 2006, bringing over two decades of leadership experience from the high-tech and wireless sensor network industries. Tuck, an entrepreneur educated at the Royal Military Academy Sandhurst, was instrumental in shaping Tendril's strategic direction, focusing on an open platform to foster ecosystem development. After a period of rapid, venture-fueled expansion that led to over 50 concurrent utility projects, the leadership team undertook a significant restructuring around 2012 to concentrate on a more sustainable business model with a select group of utility partners.

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In a significant strategic move in July 2019, Tendril merged with Simple Energy and other acquired firms like EEme, EnergySavvy, and FirstFuel to form a new entity, Uplight. This merger, backed by Rubicon Technology Partners and a $53 million investment from AES, created a comprehensive provider of customer-centric technology solutions for the energy ecosystem. Adrian Tuck assumed the role of CEO for the newly formed Uplight. The business operates by providing a suite of software-as-a-service (SaaS) solutions to electric and gas utilities. These solutions leverage data science and analytics to deliver personalized energy experiences, aiming to help utilities acquire, engage, and activate their residential and business customers. The platform provides an end-to-end energy action system, including utility-branded marketplaces, demand-side management, and analytics to improve energy efficiency and customer satisfaction.

Tendril's core product, which evolved into the Uplight platform, was designed to give both utilities and consumers a deeper understanding of energy usage. For utilities, it offered tools to manage load, improve operational efficiency, and meet regulatory requirements. For consumers, it provided information and control to reduce consumption. The platform's features include personalized home energy reports, alerts, and access to marketplaces for energy-efficient devices. By integrating with smart home devices and existing utility back-office systems, the platform facilitates a dialogue between the provider and the end-user, enabling programs like demand response and targeted energy-saving incentives. Before the merger, Tendril served major utilities like Duke Energy, Exelon, and Xcel Energy, and the combined entity, Uplight, now serves over 75 utility partners, reaching 100 million customers. Keywords: energy management, data analytics, utility software, customer engagement, demand side management, smart grid, energy efficiency, consumer analytics, load management, cleantech

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2004
Headquarters
Boulder, United States
Employees
64
Open positions
None listed
Dealroom signal
83.0/100
Industry
Energy
Sub-industry
Clean Energy, Energy Storage
Sector
Energy, Smart Grid, Testing, Verification, Appliances, Solar Energy, Sustainable Development Goals, Climate Tech, Renewable Energy, Hard Tech
Client focus
b2b
Investment activity
4 companies, latest Jun 2019
Capital deployed
Preferred round
ACQUISITION

Latest news

Press, funding announcements and product moves mentioning Tendril.

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Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GROWTH EQUITY VCOther financing Nov 2021 $87M Undisclosed
ACQUISITIONOther financing Jul 2019 $0 Uplight
Showing the latest 2 of 10 recorded eventsBook a demo for the full funding history →

Growth signals

Tendril website traffic

Latest recorded traffic for Tendril is 12K monthly website visits, up 263.6% over the last three months. Tendril's team grew 128.6% over the past year.

Latest monthly visits12K 3-month web change+263.6% 1-year team growth+128.6%
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 →

Investors

14 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

  • SunPower
  • Moderne Ventures
  • Constance Freedman

Series A6 investors entered at this stage

  • RRE Ventures
  • Vista Ventures
  • Appian Ventures
  • Access Venture Partners
  • Rubicon Technology Partners
  • Morgan Stanley Alternative Investment Partners

Series B and later3 investors entered at this stage

  • VantagePoint Capital Partners
  • GOOD ENERGIES INVESTMENTS LIMITED
  • N47

Other known investors2 additional known investors

  • BloombergNEF
  • Uplight
Team profiled 58 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 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
2 countries with
team presence
🇺🇸 United States83.3%
🇦🇺 Australia16.7%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Tendril 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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