About Utilities
There are 3.21K companies in the Utilities sector across the world, with 1.24K funded companies having collectively raised $122B in venture capital money and private equity. Overall 727 of these are Series A+ funded.
Utilities sector has seen 347 acquisitions and 322 IPOs. This represents almost 20.8% of all such companies - which is higher than the 3.8% exit rate of tech companies in general.
This sector includes utility providers and municipal asset managers maintaining the infrastructure pipelines and service systems for electricity, water, district heating, and waste management distribution.
Utilities sector is also known as Public Utility Providers, Municipal Infrastructure Networks or Multi Utility Grid Operators.
Companies included in Utilities sector
Includes localized water purification distribution networks, smart grid electricity meter infrastructure software, municipal district heating pipe control layers, and waste grid logistics telemetry.Companies excluded in Utilities sector
Excludes home plumbing repair networks, generic household appliance retailers, solar panel installers, and oil trading commodity brokers.Market Map of Utilities
The market map of Utilities gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution.
Reports related to Utilities
Here is a report related to Utilities sector:
View all reports related to Utilities. Sign up today!Top Companies in Utilities
There are more than 3.21K companies in Utilities. Saudi Electricity is the top Utilities company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top Utilities companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Electric power generator and distributor | Riyadh (Saudi Arabia) | 2000 | Public | - | |
Provider of integrated solutions and services for energy generation and sustainable development. | Bilbao (Spain) | 1992 | Public | - | |
Power generation, transmission, and distribution company | Curitiba (Brazil) | 1954 | Public | - | |
Operator of electricity utilites | Jakarta (Indonesia) | 1945 | Funding Raised | - | |
Provider of electricity production and distribution services | Akron (United States) | 1997 | Public | - |
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Companies founded year-on-year in the Utilities sector
10 new startups have been founded so far in 2026 in the Utilities sector. 64 Utilities startups were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 10 |
2025 | 14 |
2024 | 16 |
2023 | 34 |
2022 | 43 |
2021 | 44 |
2020 | 62 |
2019 | 61 |
2018 | 64 |
2017 | 48 |
Companies founded across countries in the Utilities sector
United States has 1,107 Utilities startups, the most by any country, followed by Germany which has 458 startups and United Kingdom which has 255.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 1,107 |
Germany | 458 |
United Kingdom | 255 |
India | 209 |
Canada | 80 |
Italy | 58 |
China | 55 |
Australia | 42 |
Estonia | 40 |
Japan | 37 |
Stage-wise distribution of the Utilities sector
Out of the total 3,213 Utilities companies, 1,239 have secured funding. Among them, 727 have reached Series A or higher, and 693 to Series B or beyond.
Founded - 3,213
Funded - 1,239
Series A+ - 727
Series B+ - 693
Series C+ - 685
Company Stage | No. of companies |
|---|---|
Founded | 3,213 |
Funded | 1,239 |
Series A+ | 727 |
Series B+ | 693 |
Series C+ | 685 |
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- 3.2K+ Total Companies
- $122B+ Total Funding
- 1.2K+ Funded Companies
- 320+ IPOs
- 345+ Acquisitions
Funding Trends in the Utilities sector
Total funding year-on-year in the Utilities sector
The Utilities sector saw a total funding of more than $84.7B in the last 10 years. The most amount of funding was in 2018 at more than $29B. There has been a total funding of $301M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $301M |
2025 | $4.22B |
2024 | $2.68B |
2023 | $7.94B |
2022 | $5.13B |
2021 | $5.6B |
2020 | $6.84B |
2019 | $16.8B |
2018 | $29B |
2017 | $6.3B |
Total funding across countries in the Utilities sector
In the last 10 years, Utilities startups in United States have recieved the highest funding among all countries - $18.3B. Germany follows with $10.7B and Spain with $5.01B.
- Total Funding
Country | Total Funding |
|---|---|
United States | $18.3B |
Germany | $10.7B |
Spain | $5.01B |
India | $4.38B |
Sweden | $4B |
United Kingdom | $3.33B |
Canada | $3.29B |
China | $2.31B |
France | $627M |
Italy | $413M |
Total funding amount raised by stage in the Utilities sector
Over the last 10 years, the Utilities sector have seen $48.5M into Seed Stage funding rounds, $385M into Early Stage funding rounds and $146M go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Debt | $52.3B |
Post IPO | $21.6B |
Grant | $4.77B |
Early Stage | $385M |
PE | $236M |
Late Stage | $146M |
Seed Stage | $48.5M |
Recent Funding Rounds in Utilities
In the year 2026, till October 2026, Utilities companies have raised $69.5M in equity funding across 6 rounds.
In the same period last year (i.e. till October 2025), Utilities companies had raised $122M across 12 rounds.
So, 2026 has seen a 43.09% drop in funding in Utilities companies as compared to 2025.
Here are some recent, important funding rounds in Utilities:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 1852 | Oct 26, 2026 | ||
PE | 8350 | Oct 05, 2026 | ||
Seed | 1098 | May 20, 2026 | - | |
Series A | 4162 | Apr 10, 2026 | and 2 more | |
Seed | 5765 | Mar 27, 2026 | and 6 more |
Top Investors in Utilities
Europa is the top investor in Utilities companies based on number of companies invested.
Here are some top investors in Utilities:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Washington, DC (United States) | ||
Eschborn (Germany) | ||
Oak Ridge (United States) | ||
Reston (United States) |
M&A activity in Utilities
In the year 2026, till October 2026, 13 acquisitions happened in Utilities sector. Last year, in 2025, a total of 17 acquisitions happened in Utilities sector.
Here are some recent, important acquisitions in Utilities:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 07, 2026 | ||
Business Acquisition | Aug 14, 2026 | ||
Business Acquisition | Aug 13, 2026 | ||
Business Acquisition | Jul 21, 2026 | ||
Business Acquisition | Jun 01, 2026 |
Acquisition trends in Utilities
Here are the acquisition trends in Utilities:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 13 |
2025 | 17 |
2024 | 46 |
2023 | 40 |
2022 | 31 |
2021 | 30 |
2020 | 24 |
2019 | 37 |
2018 | 23 |
2017 | 14 |
IPOs in Utilities
In the year 2026, till October 2026, 1 IPO happened in Utilities sector.
Here are some recent, important IPOs in Utilities:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 05, 2026 | Bombay Stock Exchange (BSE) | |
Apr 01, 2025 | Bombay Stock Exchange (BSE) | |
Dec 02, 2024 | Bombay Stock Exchange (BSE) | |
Mar 13, 2024 | Tokyo Stock Exchange (TSE) | |
Jan 05, 2024 | National Stock Exchange (NSE) |
Colleges which produce the most Utilities companies
Companies founded by alumni from top colleges in the Utilities sector
Most number of Utilities startups have been founded by alumni from Harvard University, Massachusetts Institute of Technology and Harvard Business School.
College | No. of companies |
|---|---|
Harvard University | 4 |
Massachusetts Institute of Technology | 4 |
Harvard Business School | 3 |
University of Pennsylvania | 3 |
National University of Singapore (NUS) | 2 |
Aalto University | 1 |
Bocconi University | 1 |
Booth School of Business | 1 |
Chalmers University of Technology | 1 |
IIM Bangalore | 1 |
Total funding in companies founded by alumni from top colleges in the the Utilities sector
In the last 10 years, Harvard University graduates' Utilities companies have raised the most funding among top colleges. Stanford University alumni are second, and University of Cambridge alumni are third.
College | Total Funding |
|---|---|
Harvard University | $291M |
Stanford University | $38.4M |
University of Cambridge | $26M |
University of Pennsylvania | $8.2M |
Massachusetts Institute of Technology | $6.7M |
Kellogg School of Management | $2.61M |
Vrije Universiteit Amsterdam | $1.1M |
INSEAD | $822K |
Aalto University | - |
Bocconi University | - |
Top News in Utilities
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CenterPoint Energy, Inc. (CNP) Q3 2026 Earnings Call TranscriptSeeking Alpha•Oct 27, 2026•CenterPoint Energy
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Avangrid Foundation Opens Applications for 2026 Wildlife Rehabilitation Grant ProgramBusiness Wire•Oct 27, 2026•Avangrid
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Avangrid Breaks Ground on National Training Center Expansion Project in OregonBusiness Wire•Oct 19, 2026•Avangrid
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New EV Planning Tool Trialled by UK Power Networks for Emergency ServicesFleetworld•Oct 14, 2026•Uk Power Networks
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TPCODL Promotes Rooftop Solar Adoption Through Seva Setu Camp at BarangaOdishaDiary•Oct 10, 2026•TPCODL
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Franklin Energy and New Mexico Gas Company Partner to Expand Access to Energy SavingsGlobeNewswire•Oct 01, 2026•Franklin Energy, New Mexico Gas
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CenterPoint Energy Selected for $50 Million U.S. Department of Energy Grant to Modernize Houston's Electric GridMiningstockeducation•Sep 25, 2026•CenterPoint Energy
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Avangrid Expands AI Adoption to Strengthen Utility Operations and Customer ExperienceBusiness Wire•Sep 14, 2026•Avangrid
