2023 Revenue
$2.8M
Funding
$0
Team
28
Founded
2014
How Utilibill CEO Morgan Duncan grew to $2.8M revenue with a 28 person team in 2023.
Utilibill is a market leading subscription billing and payment platform that supplies an end to end solution for utilities companies including Electricity, Water, and Telco services. With our cloud based utility billing system we provide provisioning, rating and payments with CRM and major accounting software integration in an innovative way.
The CRM module tracks all customer communications from one location for instant access to statements, details and service information. This is complemented by an extremely flexible rating and pricing engine, which takes feeds from some of the world's prominent carriers. Utilibill's billing engine is fully configurable through our easy to use rate plan tool, making it simple for users to add in or modify rate plans to their exact requirements.
We integrate with third parties in order to automate as many system interactions as practical and we strive to minimise manual tasks by embracing web services, XML, SOAP along with other tools and techniques.
Last updated
Utilibill Revenue
In 2023, Utilibill's revenue reached $2.8M. The company previously reported $3.4M in 2021. Since its launch in 2014, Utilibill has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2023 | Utilibill Hit $2.8m revenue in December 2023 | |
| 2021 | Utilibill Hit $3.4m revenue in April 2021 | |
| 2014 | Launched with $0 revenue |
Utilibill Valuation, Funding Rounds
Utilibill is a bootstrapped Billing Software startup. Founded in 2014, Utilibill has grown to $2.8M in revenue without raising any venture capital or outside funding.
As a self-funded Billing Software SaaS company, Utilibill has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Morgan Duncan
Experienced Executive creating solutions that drive disruption in the utilities and Telco industries. Co-Founded Telcoinabox which went from concept to IPO to exit on sale to MNF and 5GN. Co-founder of Utilibill, provider of market leading billing and payments to over 200 utilities small and large across the globe. 3 cozy offices 65 amazing staff. Learning something new everyday. Loving Father and husband distracted by kitesurfing, wing foiling, restoring 1960's cars. Now preparing to ramp up Electricityinabox® to provide a transition path for brands looking to enter the energy space.
Q&A
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|---|---|
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Customers
We do not have customer count information for Utilibill yet.
Utilibill Employees & Team Size
Utilibill employs approximately 28 people as of 2026, down from 35 in 2022, including 2 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2023 | Reached 28 employees (December 2023) |
| 2022 | Reached 35 employees (December 2022) |
| 2021 | Reached 42 employees (December 2021) |
| 2021 | Reached 41 employees (April 2021) |
Frequently Asked Questions about Utilibill
What is Utilibill's revenue?
Utilibill generates $2.8M in revenue.
Who founded Utilibill?
Utilibill was founded by Morgan Duncan.
Who is the CEO of Utilibill?
The CEO of Utilibill is Morgan Duncan.
How much funding does Utilibill have?
Utilibill raised $0.
How many employees does Utilibill have?
Utilibill has 28 employees.
Where is Utilibill headquarters?
Utilibill is headquartered in United States.
Compare Utilibill to the industry
Utilibill operates across multiple industries. Browse revenue, funding, and growth data for Utilibill in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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