Piclo secures £2.5m to expand its energy trading software platform
Green Angel Syndicate and private investors back the latest round to grow Piclo Flex.
£2.5M
London-based software company developing technology to facilitate dynamic energy trading. Formerly known as Open Utility.
Piclo has secured £2.5m in funding to expand its energy trading software system, Piclo Flex. The latest round includes backing from Green Angel Syndicate alongside grants from government departments and private investment from Ian Marchant. The capital will support the ongoing commercial rollout of the Flex platform, which helps distribution network operators balance energy consumption and generation efficiently.
From the founder
"Green Angel Syndicate is an excellent example of how business angel investing should work. Their due diligence process was effective, knowledgeable and to the point. Their in-house expertise of the complex energy market has been instrumental and adds great value. This is exactly what we were looking for from our investors."
James Johnston
CEO at Piclo
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
Piclo
Piclo operates an open auction platform that connects buyers and sellers of flexible energy capacity.
£15.5MRaised