When was PowerBee founded?

PowerBee was founded in 2013 and raised its 1st funding round 4 years after it was founded.

Where is PowerBee located?

PowerBee is headquartered in Shanghai, China.

Is PowerBee a funded company?

PowerBee is a funded company, having raised a total of $8.8M across 2 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Jul 25, 2017.

When was the latest funding round of PowerBee?

PowerBee's latest funding was a $***** Series A round on Jul 31, 2018, with participation from 1 investor.

Where does PowerBee rank among its competitors?

PowerBee ranks 1080th amongst 6333 active competitors, of which 801 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Sense, which secured an undisclosed amount in Jan, 2026.

Who are the top competitors of PowerBee?

PowerBee's top competitors include Husk Power Systems, Landis+Gyr and Sense. Among them, Sense secured the most recent funding round in January, 2026.

PowerBee - 2026 Company Profile, Team, Funding & Competitors

PowerBee is a series A company based in Shanghai (China), founded in 2013 by Timo De Meyst. It operates as an IoT solutions for energy management. PowerBee has raised $8.8M in funding from China Merchants. The company has 6333 active competitors, including 801 funded and 548 that have exited. Its top competitors include companies like Husk Power Systems, Landis+Gyr and Sense.

Company Details

PowerBee provides IoT solutions for energy management. Products include power communication chip, smart plugs, smart meters. Also, provides IoT applications such as power management system, lighting control system, temperature control system. Claims to have shipped over 100,000 smart meters to 10 cities mainly to the apartment market.

Website: www.powerbee.cn
Email ID: *****@powerbee.cn
Phone Number: +86 **********

Key Metrics

Founded Year

2013

Location

Shanghai, China

Stage

Series A

Total Funding

$8.8M in 2 rounds

Latest Funding Round

Series A, Jul 31, 2018, $*****

Investors

China Merchants & 1 more

Ranked

1080^th among 6333 active competitors

Similar Companies

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View PowerBee's full profile

PowerBee has raised a total funding of $8.8M over 2 rounds. Its first funding round was on Jul 25, 2017. Its latest funding round was a Series A round on Jul 31, 2018 for $*****. 1 investor participated in its latest round. PowerBee has 2 institutional investors.

Here is the list of recent funding rounds of PowerBee:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 31, 2018	2652078	Series A	3390541	9940020	3137594	1338005
Jul 25, 2017	2051255	Angel	8905268	2526633	1212212	3232814

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View details of PowerBee's funding rounds and investors

The founders of PowerBee is Timo De Meyst.

Here are the details of PowerBee's key team members:

Timo De Meyst: Owner of PowerBee.

View details of PowerBee's Founder profiles and Board Members

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Top competitors of PowerBee include Husk Power Systems, Landis+Gyr and Sense. Here is the list of Top 10 competitors of PowerBee, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Husk Power Systems 2007, Fort Collins (United States), Series D	AI-powered distributed energy platform delivering clean, reliable power in Global South	$74.3M	Shell, STOA & 18 others	78/100
2nd	Landis+Gyr 1896, Cham (Switzerland), Acquired	Manufacturer of electric meters and grid edge data management software	$1.03B	Hudson Clean Energy Partners, Triodos Investment Management ... & 3 others	77/100
3rd	Sense 2013, Cambridge (United States), Series D	Provider of AI and app-based energy monitoring solutions	$195M	IDO Investments, Shell Ventures & 21 others	76/100
4th	Enel X 2001, Boston (United States), Acquired	Developer of utility-scale renewable energy projects	$168M	Foundation Capital, Activate Capital & 9 others	74/100
5th	Metronome 2020, San Francisco (United States), Acquired	Usage-based invoice management solutions for small businesses	$128M	New Enterprise Associates, Andreessen Horowitz ... & 17 others	72/100
6th	Span.IO 2014, San Francisco (United States), Series C	Provider of smart panel for home energy management	$419M	Wellington, Fifth Wall & 33 others	72/100
7th	Phononic 2009, Durham (United States), Series F	Providing solid state thermal management solutions	$230M	Venrock, Oak Investment Partners & 18 others	70/100
8th	Happy 2011, Carlsbad (United States), Series B	Provider of centralized maintenance, asset, and property management software solutions	$77.9M	Point Nine, 500 Global & 32 others	70/100
9th	Resideo 2018, Wilmington (United States), Public	Provider of smart home solutions for security, air, water, and energy	-	CD&R	70/100
10th	Bidgely 2011, Mountain View (United States), Series C	Provider of a solution for consumers to monitor and manage their household energy use	$87.7M	Khosla Ventures, Canadian Imperial Bank of Commerce ... & 11 others	69/100
1080th	PowerBee 2013, Shanghai (China), Series A	IoT solutions for energy management	$8.8M	China Merchants, Shanghai Changjiang Huiying Investment Management ... Read more	34/100