Beacon Power Services - About the company
Beacon Power Services is a series A company based in Lagos (Nigeria), founded in 2010 by Bimbola Adisa. It operates as a Provider of solutions for utility network and energy consumption management. Beacon Power Services has raised $12.9M in funding from Partech Partners and Seedstars Africa Ventures. The company has 5339 active competitors, including 658 funded and 469 that have exited. Its top competitors include companies like Landis+Gyr, Metronome and SPAN.
Company Details
Provider of solutions for utility network and energy consumption management. The company offers systems for customer and asset data management, survey and installation management, and new service connections. It provides a grid network management solution to optimize operations and increase profitability. The company also offers an application to monitor energy consumption, make payments, and switch to solar power.
- Website
- beaconpowerservices.com/en
- Email ID
- *****@bpsafrica.com
- Phone Number
- +234 **********
- Registered Address
- UNIT E3 PITTS CLEAVE INDUSTRIAL ESTATE,PARKWOOD ROAD,TAVISTOCK,DEVON,UNITED KINGDOM,PL19 0PW
Key Metrics
Founded Year
2010
Location
Lagos, Nigeria
Stage
Series A
Total Funding
$12.9M in 3 rounds
Latest Funding Round
Investors
Ranked
313th among 5339 active competitors
Employee Count
243 as on Jul 31, 2026
Similar Companies
Legal entities associated with Beacon Power Services
Beacon Power Services is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
BEACON POWER SERVICES LTD CIN: 13429808 , United Kingdom, Active | May 30, 2021 | - | - |
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Beacon Power Services's funding and investors
Beacon Power Services has raised a total funding of $12.9M over 3 rounds. Its first funding round was on Aug 05, 2022. Its latest funding round was a Series A round on Sep 2024 for $*****. 10 investors participated in its latest round. Beacon Power Services has 15 institutional investors.
Here is the list of recent funding rounds of Beacon Power Services:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 2024 | 4300475 | Series A | 5763023 | 4093634 | 6102239 | 5500275 |
Aug 09, 2024 | 7439710 | Series A | 1450828 | 6448264 | 4577317 | 5026009 |
Aug 05, 2022 | 2696503 | Seed | 3227154 | 8946581 |
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Beacon Power Services' founders and board of directors
Founder? Claim ProfileThe founders of Beacon Power Services is Bimbola Adisa. Bimbola Adisa is the CEO of Beacon Power Services.
Here are the details of Beacon Power Services' key team members:
- Bimbola Adisa: Founder & CEO of Beacon Power Services.
View details of Beacon Power Services's Founder profiles and Board Members
Beacon Power Services' employee count trend
Beacon Power Services has 243 employees as of Jul 26. Here is Beacon Power Services's employee count trend over the years:
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Beacon Power Services's Competitors and alternates
Top competitors of Beacon Power Services include Landis+Gyr, Metronome and SPAN. Here is the list of Top 10 competitors of Beacon Power Services, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Landis+Gyr 1896, Cham (Switzerland), Acquired | Manufacturer of electric meters and grid edge data management software | $1.03B | 77/100 | |
2nd |  Metronome 2020, San Francisco (United States), Acquired | Usage-based invoice management solutions for small businesses | $128M | 73/100 | |
3rd |  SPAN 2014, San Francisco (United States), Series C | Smart energy management technology platform that modernizes residential electrical systems | $419M | 73/100 | |
4th |  Sense 2013, Cambridge (United States), Series D | Smart energy platform providing real-time electricity usage insights for homes and utilities | $177M | 71/100 | |
5th | Satellite-based technology for measuring environmental footprint | $83.9M | 70/100 | ||
6th | Phononic 2009, Durham (United States), Series F | Providing solid state thermal management solutions | $230M | 70/100 | |
7th |  Bidgely 2011, Mountain View (United States), Series C | Provider of a solution for consumers to monitor and manage their household energy use | $87.7M | 69/100 | |
8th |  Resideo 2018, Wilmington (United States), Public | Provider of smart home solutions for security, air, water, and energy | - | 69/100 | |
9th | Stem 2009, Millbrae (United States), Public | Provider of AI and cloud-driven energy solutions | $229M | 69/100 | |
10th | Provider of a digital platform for electricity consumption management and insights | $177M | 69/100 | ||
313th |  Beacon Power Services 2010, Lagos (Nigeria), Series A | Provider of solutions for utility network and energy consumption management | $12.9M | 43/100 |
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Beacon Power Services's Investments and acquisitions
Beacon Power Services has made no investments or acquisitions yet.
Reports related to Beacon Power Services
Here is the latest report on Beacon Power Services's sector:
News related to Beacon Power Services
•
Beacon Power Services, a Nigerian energy tech company , secured Series A fundingTechgist Africa•Nov 19, 2024•Beacon Power Services, Partech Partners, Finnfund, Gaia Impact and 7 others
•
Beacon Power gets Series A funding from Partech to expand into Eastern and Northern AfricaTechpoint.Africa•Nov 06, 2024•Beacon Power Services, Partech Partners, Finnfund, Gaia Impact and 10 others
•
Nigerian Energy tech company, Beacon Power Services, closes $2.7m seed roundInnovation-village•Aug 05, 2022•Beacon Power Services, Seedstars Africa Ventures, Persistent, Factor[e] Ventures and 4 others
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