Choose Energy is a free online marketplace enabling residents and businesses to compare and switch energy suppliers in their area. The platform is currently available in Pennsylvania, Texas, New York, Ohio, Connecticut, Illinois, Maryland and New Jersey. The company intends to use the new funds to expand into all 19 deregulated electricity states and 22 natural gas states in 2014 and to improve the platform. In September the company acquired Power2Switch. Leadership includes newly appointed CEO Kerry Cooper and founder Jerry Dyess, who will become chief commercial officer. Financially, Choose Energy raised $7.5M in a Series B and had previously raised $4M in a March 2013 Series A from KPCB and Stephens Capital Partners. Choose Energy operates an online marketplace that educates consumers about residential electricity supply and provides an interface to compare retail electricity plans, filter by term, price and type, select a plan, and enroll online. The company is also building tools to help retail energy providers compete more effectively, leveraging lessons from telecommunications, travel, media and other web-enabled industries. It is currently active in Texas, New York, Ohio, Pennsylvania and Illinois and plans to enter all 19 deregulated energy states and 22 deregulated natural gas states. Founded in 2008 and led by CEO Jerry Dyess, the company is based in Plano, TX. Choose Energy raised $4M in Series A financing to accelerate growth, expand technology development and marketing, augment services for retail suppliers, and strengthen its market position. The company intends to use the capital to support those initiatives.

Total raised

$12M

Funding rounds

2

Latest round

Series B

Latest activity

Nov 2013