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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
1997
Information Services
10001+
6
2
2
Late Stage Venture
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.
Investment portfolio
6
0
2
2
Investments
6
Annouced Date | Organization Name | Industry | Money Raised |
---|---|---|---|
Aug 13, 2003 | Powerspan | Energy | 20.0M |
Nov 17, 2005 | Perfect Commerce | Software | 30.0M |
Mar 09, 2022 | UBIZ Venture Capital | Venture Capital | 1.0M |
Feb 09, 2024 | Energy Innovation Center | Energy | 85.0K |
Exits
2
Funding Timeline
6
3
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 Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
---|---|---|---|---|
Aug 13, 2003 | Venture Round - Powerspan | - | 20.0M | - |
Nov 17, 2005 | Venture Round - Perfect Commerce | - | 30.0M | - |
Mar 09, 2022 | Corporate Round - UBIZ Venture Capital | - | 1.0M | - |
Feb 09, 2024 | 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.
Investor Name | Lead Investor | Funding Round | Money Raised |
---|---|---|---|
Zimmer Lucas Partners | No | Post-IPO Equity - FirstEnergy Corp. | 2500.0M |
GIC | No | Post-IPO Equity - FirstEnergy Corp. | 2500.0M |
Elliott Investment Management | No | Post-IPO Equity - FirstEnergy Corp. | 2500.0M |
- | No | Post-IPO Debt - FirstEnergy Corp. | 1000.0M |
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 Date | Fund Name | Money Raised |
---|---|---|
May 10, 2013 | OTPPLESS | 1.0M |
May 11, 2013 | OTPPLESS | 1.0M |
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