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inBalance

AcquiredYC W21

San Francisco, US · Founded 2020 · 10 employees · 11 known investors

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inBalance uses machine learning to predict electricity prices, helping energy storage operators, EV charging networks, and similar businesses optimize revenue.

Advanced Manufacturing Climate Tech Energy SaaS Energy Storage ClimateUnited States of AmericaAmerica / CanadaFully Remote

Founders & leadership· Y Combinator alumni (W21)

inBalance was founded in 2020 by Thomas Marge, Edwin Fennell, and Rajan Troll.

TM

Thomas Marge

Thomas Marge FounderThomas co-founded inBalance, a Y Combinator-backed battery storage optimization company that was acquired by Stem in 2023. He holds a master's degree in Applied Mathematics and undergraduate degree in Pure and Applied Mathematics from Johns Hopkins, and completed doctoral coursework in Pure Mathematics at University of Cambridge before pursuing entrepreneurship.

EF

Edwin FennellCo-founder

RT

Rajan TrollCo-founderuntil 2022

Investors · 11

Emles Venture Partnerslisted by Emles Venture PartnersNew York

How we know: Emles Venture Partners's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Knockout Capitallisted by Knockout CapitalSan Francisco

How we know: Knockout Capital's portfolio page · Not right? Tell us

Lorimer Ventureslisted by Lorimer VenturesBrooklyn · $50K – $300K

How we know: the VCSheet dataset · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

A-Level CapitalreportedBaltimore · $40K – $100K

How we know: Y Combinator's founder network · Not right? Tell us

Agrolimen Venturesreported

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Emles Advisorsreported

How we know: Y Combinator's founder network · Not right? Tell us

ImmeasurablereportedLos Angeles · $25K – $100K

How we know: Y Combinator's founder network · Not right? Tell us

Moderne VenturesreportedChicago · $100K – $7M

How we know: Y Combinator's founder network · Not right? Tell us

StarshotreportedLos Angeles

How we know: Y Combinator's founder network · Not right? Tell us

WefunderreportedSan Francisco

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Reported raises · per SEC filings

Form D private placements

$665K disclosed across 1 round · 2020

▶$665KraisedApr 2021 · 30 investors · Electric Utilities

Rule 506(b)

Officers, directors & promoters on the filing

Thomas MargeExecutive Officer, Director
Edwin FennellDirector
Rajan TrollDirector

Offering amount: $5M
Amount sold: $665K
Minimum investment: $1K
First sale: Mar 2020
Incorporated: Corporation, Delaware, 2020
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

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AdvanoAdvano manufactures silicon-based anode materials for lithium-ion batteries that improve energy density and reduce costs for electric vehicles. The company supplies engineered materials that integrate into existing battery designs.

AirthiumAirthium manufactures high-temperature industrial heat pumps that reach up to 550°C and operate in hybrid mode, switching between electricity and gas to optimize cost and carbon emissions. The system is designed for industrial process heat applications requiring reliable 24/7 operation in the 150–550°C range.

Companies working in the same space as inBalance.

Legal entities · 1

corporate structure

InBalance, Inc.

In the news

InBalance Research forecasts demand for energy suppliers to ensure they optimize distribution • TechCrunchtechcrunch.com · Mar 2021

Frequently asked questions

What does inBalance do?: inBalance uses machine learning to predict electricity prices, helping energy storage operators, EV charging networks, and similar businesses optimize revenue.
Who founded inBalance?: inBalance was founded by Thomas Marge, Edwin Fennell, Rajan Troll in 2020.
Who are inBalance's investors?: inBalance's investors include Emles Venture Partners, Knockout Capital, Lorimer Ventures, Y Combinator, A-Level Capital, Agrolimen Ventures, Emles Advisors, Immeasurable and 3 more.
How much funding has inBalance raised?: inBalance has disclosed $665K raised across 1 round.
Where is inBalance headquartered?: inBalance is headquartered in San Francisco, US.