FirstEnergy Corp.

FirstEnergy Corp.

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Investment Firm

Overview

FirstEnergy is a diversified energy company headquartered in Akron, Ohio. Its subsidiaries and affiliates are involved in the generation, transmission and distribution of electricity, as well as energy management and other energy-related services. Its seven electric utility operating companies comprise the nation's fifth largest investor-owned electric system, serving 4.5 million customers within 36,100 square miles of Ohio, Pennsylvania and New Jersey; and its generation subsidiaries control more than 14,000 megawatts of capacity. Our Corporate Vision is to become a leading regional energy provider.

Highlights

Founded

1997

Industry

Information Services

Employees

10001+

Investment

6

Lead Investment

2

Exits

2

Stages

Late Stage Venture

Investor Type

N/A

Location

United States, North America

Contact Information

Social

Profile Resume

FirstEnergy Corp., established in 1997 and headquartered in United States, North America., specializes in Late Stage Venture investments across Software, E-Commerce, Public Relations, SaaS, Procurement, Financial Services, Venture Capital, Finance, Consumer, Health Care. The organization boasts a portfolio of 6 investments, with an average round size of $18.9M and 2 successful exits. Their recent investments include Perfect Commerce, New Enterprise Associates, Oak Hill Capital Partners, Mayfield Fund, Mobius Venture Capital. The highest investment round they participated in was $13.3B. Among their most notable exits are Perfect Commerce and New Enterprise Associates. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

imagePlace John Somerhalder

John Somerhalder

Interim President and Chief Executive Officer

imagePlace George M. Smart

George M. Smart

Board of Director

imagePlace Ernest J. Novak

Ernest J. Novak

Board of Director

imagePlace Charles E. Jones

Charles E. Jones

President and Chief Executive Officer Member

imagePlace Leila L. Vespoli

Leila L. Vespoli

Executive Vice President and General Counsel

imagePlace James F. Pearson

James F. Pearson

Vice President and Treasurer

Investment portfolio

FirstEnergy Corp. has made 6 investments. Their most recent investment was on Feb 09, 2024, when Energy Innovation Center raised $85.0K.

investments

6

Diversity investments

0

Lead investments

2

Number of exits

2

Investments

6

Annouced DateOrganization NameIndustryMoney Raised
Aug 13, 2003
Powerspan Powerspan
Energy20.0M
Nov 17, 2005
Perfect Commerce Perfect Commerce
Software30.0M
Mar 09, 2022
UBIZ Venture Capital UBIZ Venture Capital
Venture Capital1.0M
Feb 09, 2024
Energy Innovation Center Energy Innovation Center
Energy85.0K

Exits

2

Funding Timeline

Funding rounds

6

Investors

3

Funds

0

Funding Rounds

6

FirstEnergy Corp. has raised 6 rounds. Their latest funding was raised on Feb 09, 2024 from a Grant - Energy Innovation Center round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Aug 13, 2003
Venture Round - Powerspan Venture Round - Powerspan
-20.0M-
Nov 17, 2005
Venture Round - Perfect Commerce Venture Round - Perfect Commerce
-30.0M-
Mar 09, 2022
Corporate Round - UBIZ Venture Capital Corporate Round - UBIZ Venture Capital
-1.0M-
Feb 09, 2024
Grant - Energy Innovation Center Grant - Energy Innovation Center
-85.0K-

Investors

4

FirstEnergy Corp. is funded by 4 investor(s). Elliott Investment Management and GIC Kantor are the most recent investors.

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

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