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.
London-based software company developing technology to facilitate dynamic energy trading. Formerly known as Open Utility.
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 an open auction platform that connects buyers and sellers of flexible energy capacity.