When was Avangrid founded?

Avangrid was founded in 2015 and raised its 1st funding round 3 years after it was founded.

Where is Avangrid located?

Avangrid is headquartered in Orange, United States. It is registered at Orange, Connecticut.

How many employees does Avangrid have?

As of Aug 31, 2026, the latest employee count at Avangrid is 7085.

Is Avangrid a funded company?

Avangrid is a funded company, having raised a total of $***** in its 1st and only funding round, a Conventional Debt round on Jul 02, 2018.

How much is Avangrid worth?

The last known valuation of Avangrid was $***** as of May 17, 2024.

When was the latest funding round of Avangrid?

Avangrid's latest funding was a $***** Conventional Debt round on Jul 02, 2018, with participation from 0 investor.

What is the annual revenue of Avangrid?

Annual revenue of Avangrid is more than $1B as on Dec 31, 2023

Where does Avangrid rank among its competitors?

Avangrid ranks 100th amongst 2570 active competitors, of which 78 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Portland General Electric, which secured $3.82M in Oct, 2025.

Who are the top competitors of Avangrid?

Avangrid's top competitors include NTPC, Saudi Electricity and Iberdrola. Among them, Portland General Electric secured the most recent funding round in October, 2025.

Avangrid - 2026 Company Profile, Funding & Competitors

Q: Is Avangrid an acquired company?

Avangrid got acquired by Iberdrola on May 17, 2024.

Avangrid is an acquired company based in Orange (United States), founded in 2015. It operates as a Provider of electricity and natural gas to homes and businesses. Avangrid has raised an undisclosed amount in funding, with last known valuation of $*****. The company has 2570 active competitors, including 78 funded and 596 that have exited. Its top competitors include companies like NTPC, Saudi Electricity and Iberdrola.

Company Details

Provider of electricity and natural gas to homes and businesses. This company operates a network of utilities, delivering energy to consumers. It also invests in renewable energy sources such as onshore and offshore wind. The organization has a focus on sustainability initiatives, including climate action and decarbonization efforts. Internal operations include a robust compliance program and corporate governance structure. The company supports employee development and offers various programs for supplier engagement.

Website: avangrid.com
Social
Email ID: *****@avangrid.com
Registered Address: Orange, Connecticut

Key Metrics

Founded Year

2015

Location

Orange, United States

Stage

Acquired

Latest Funding Round

Conventional Debt, Jul 02, 2018, $*****

Last Known Valuation

$***** as on May 17, 2024

Ranked

100^th among 2570 active competitors

Annual Revenue

$1B+ as on Dec 31, 2023

Employee Count

7,085 as on Aug 31, 2026

Investment & Acquisitions

Vineyard Wind

Similar Companies

Vattenfall & 1166 more

Exit Details

Acquired by Iberdrola (May 17, 2024)

View Avangrid's full profile

Avangrid is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
AVAN ENERGY CIN: 40103850914 , Latvia, Active	Dec 02, 2014	€0 - €1M (As on Dec 31, 2024)	1 (As on Dec 31, 2023)	-
AVANGRID, INC. CIN: 1634997 , United States, Active	Feb 25, 2015	$1B+ (As on Dec 31, 2023)	7999 (As on Dec 31, 2023)	-
AVANGRID MANAGEMENT COMPANY, LLC CIN: 455063049 , United States, Active		-	8263 (As on Dec 31, 2024)	-
IBERDROLA RENEWABLES CIN: 931177933 , United States, Active	Dec 31, 1999	-	1133 (As on Dec 31, 2024)	-

Avangrid got acquired by Iberdrola on May 17, 2024 at an acquisition amount of $*****.

Click here to take a look at Avangrid's acquisition in detail

Avangrid has raised funding over 1 round.

Here is the list of recent funding rounds of Avangrid:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 02, 2018	5558717	Conventional Debt	5483152	2352105	3421253	5894937

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View details of Avangrid's funding rounds and investors

Avangrid's employee count trend

Avangrid has 7,085 employees as of Aug 26. Here is Avangrid's employee count trend over the years:

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Top competitors of Avangrid include NTPC, Saudi Electricity and Iberdrola. Here is the list of Top 10 competitors of Avangrid, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	NTPC 1975, Delhi (India), Public	Government entity engaged in the generation of electricity and allied activities	-	SBI, Canara Bank	73/100
2nd	Saudi Electricity 2000, Riyadh (Saudi Arabia), Public	Electric power generator and distributor	-	Citi, Public Investment Fund & 9 others	73/100
3rd	Iberdrola 1992, Bilbao (Spain), Public	Provider of integrated solutions and services for energy generation and sustainable development.	-	PGGM, Qatar Investment Authority & 3 others	73/100
4th	Copel 1954, Curitiba (Brazil), Public	Power generation, transmission, and distribution company	-	-	71/100
5th	Vattenfall 1909, Stockholm (Sweden), Funding Raised	Producer of heat and power generating services	-	Taaleri, Danske Bank & 6 others	71/100
6th	Enel 1996, Rome (Italy), Public	Provider of renewable energy generation and electricity distribution utility services	-	B Capital Fund, Cowles Company & 1 others	71/100
7th	PLN 1945, Jakarta (Indonesia), Funding Raised	Operator of electricity utilites	-	Bank of China, UOB & 17 others	70/100
8th	Origin Energy 2000, Sydney (Australia), Public	Energy corporation	-	CVC, Greyrock Investments & 3 others	69/100
9th	FirstEnergy Corp 1997, Akron (United States), Public	Provider of electricity production and distribution services	-	Elliott Management, GIC & 4 others	69/100
10th	Portland General Electric 1888, Portland (United States), Public	Provider of electricity and related services to customers	-	General Electric, OSTI & 1 others	68/100
100th	Avangrid 2015, Orange (United States), Acquired	Provider of electricity and natural gas to homes and businesses	-	-	58/100