Piclo raises £8.3m in Series B funding co-led by Future Energy Ventures and Clean Growth Fund to scale its energy flexibility marketplace.
Future Energy Ventures and Clean Growth Fund co-led the Series B round to support team growth and product development.
Piclo develops software solutions that enable electricity buyers and sellers to trade capacity, supporting the decarbonisation of electrical networks. Its platform operates across six markets globally, including the UK, the US and Australia.
Piclo has secured £8.3m in Series B funding to scale its energy flexibility marketplace across international markets including the United States, Europe and Asia-Pacific. The financing was co-led by Future Energy Ventures and Clean Growth Fund, with participation from Green Angel Syndicate, Toshiba Energy Systems and Solutions, Sustainable Future Ventures and Japan Energy Fund. The capital will support team expansion and continued development of the company software platform.
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
Investors
Future Energy Ventures
Clean Growth Fund
Green Angel Syndicate
Toshiba Energy Systems & Solutions
Sustainable Future Ventures
Japan Energy Fund
Categories
About the company
Piclo
Piclo operates a global energy flexibility marketplace that makes electricity grids smarter and more sustainable.