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INTERNET | Internet Software & Services

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Founded Year

2005

Stage

Series A | Alive

Total Raised

$15M

Last Raised

$15M | 22 yrs ago

About ChooseEnergy.com

ChooseEnergy.com is an independent online marketplace built by energy suppliers for energy suppliers. ChooseEnergy.com was founded in October of 1998 by an experienced management team with extensive domain knowledge in energy, marketing and Internet commerce.

ChooseEnergy.com Headquarter Location

Newton, Massachusetts,

United States

Latest ChooseEnergy.com News

2000 PR Newswire Association LLC 02 Jun. ChooseEnergy.com Secures $15 Million in Venture Capital Financing

Mar 26, 2013

.." The Free Library. 2015 http://www.thefreelibrary.com/ChooseEnergy.com+Secures+%2415+Million+in+Venture+Capital+Financing.-a066165446 Chicago style: The Free Library. S.v. ChooseEnergy.com Secures $15 Million in Venture Capital Financing.." Retrieved Jun 03 2015 from http://www.thefreelibrary.com/ChooseEnergy.com+Secures+%2415+Million+in+Venture+Capital+Financing.-a066165446 APA style: ChooseEnergy.com Secures $15 Million in Venture Capital Financing.. (n.d.) >The Free Library. (2014). Retrieved Jun 03 2015 from http://www.thefreelibrary.com/ChooseEnergy.com+Secures+%2415+Million+in+Venture+Capital+Financing.-a066165446 New Web-based Energy Marketplace Completes First Round of Funding NEWTON, Ma., April 25 /PRNewswire/ -- ChooseEnergy.com, a comprehensive, independent Web-based energymarketplace, today announced the completion of its first round ofventure capital financing, totaling $15 million. This first round of funding was arranged by Gleacher & Co., aNew York- based investment banking firm providing private equity andventure capital investing, primarily in the Internet,telecommunications, technology, and healthcare sectors. The co-leadinvestors were Ballentine Capital Partners, Inc. (BCP), -- a venturecapital firm investing in companies that are strategically positioned tobenefit from the deregulation of the electric, gas andtelecommunications industries -- and Sandler Capital Management -- aleading investment management firm specializing in the communicationsindustries. Integrated Energy Services (IES), the largest independentmechanical contractor/HVAC service provider in the Southeastern UnitedStates, also participated in the first round of financing forChooseEnergy.com. "This sizeable round of equity funding is a strong validationof the strength of our business model and the viability of the onlineenergy marketplace as a whole," said ChooseEnergy.com CEO, RajaRamachandran. "This significant venture financing will enable us tofulfill our vision of providing the most robust online energy solutionin the market today. " With its highly experienced management team, its commitment toworld-class customer service, and this $15 million of committed capitalfrom leading investment houses, ChooseEnergy.com will provide buyers andsellers of all four energy types -- electricity, natural gas, propaneand fuel oil -- with a comprehensive transactional solution online. "We expect the business-to-business energy market to grow from$300 billion to one trillion dollars over the next five years,"said Ted Weld, director of Gleacher & Co. "ChooseEnergy.comrepresents the most promising business model in the energy space --dot-com or otherwise -- because of its independent platform databaseapproach and its commitment to true choice and customer service. " ChooseEnergy.com ChooseEnergy.com is the first independent online marketplace builtby energy suppliers for energy suppliers. ChooseEnergy.com was foundedin October of 1998 by an experienced management team with extensivedomain knowledge in energy, marketing and Internet commerce.ChooseEnergy.com is headquartered in Newton, MA, and is institutionallyfunded. COPYRIGHT 2000 PR Newswire Association LLC No portion of this article can be reproduced without the express written permission from the copyright holder. Copyright 2000 Gale, Cengage Learning. All rights reserved. Reader Opinion

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