Mainsail Partners has provided growth equity funding to support digital compliance software expansion.
"Regulators have never been more focused on ensuring the integrity of financial markets, protecting investors and preventing systematic risk to our economy."
The funding round includes backing from SFC Capital and Clearance Venture Partners to support research and development.
"We are thrilled to receive this substantial support from such high profile investors and grant providers. This funding not only validates our vision, set out in our early days in the Venture Builder Carbon13, but also empowers us to accelerate our growth and bring transformative solutions to the housing market."
The round was led by TMV with participation from Ultranav, MOL PLUS, and East Innovate.
"It's crucial that we invest in solutions which can have an immediate impact to improve the sustainability and efficiency of legacy industries like shipping."
— Marina Hadjipateras, Co-founder and General Partner
The funding round was co-led by EDP Ventures alongside Clean Growth Fund and Future Energy Ventures.
"We are delighted to join CGF and FEV as investors in this funding round and we’re thrilled to strengthen our partnership with Piclo. This collaboration will enhance our distributed energy resource assets, such as decentralized storage and industrial and residential assets, globally. With this partnership, we aim to contribute even more to the decarbonization of energy systems worldwide and explore new opportunities in flexibility markets"