Renewabl secures a multi-million-pound seed round led by Helen Ventures to expand its clean energy software platform across Europe.
Helen Ventures led the seed round with participation from international investors to fund European expansion and product development.
Renewabl develops a data-driven software platform designed to streamline and verify clean energy procurement for corporate users. The system allows organisations to trace power to its generation source and trade hourly matched renewable certificates.
London-based clean energy software provider Renewabl has secured a multi-million-pound seed investment round led by Helen Ventures. The capital injection also includes participation from Encevo Group, Toyota Ventures, Nesta, and Enery, alongside follow-on funding from PortfoLion, QVentures, and South Pole.
The fresh funding will be deployed to enhance the firm's technology infrastructure and scale operations across Spain, Italy, France, and Germany. Specifically, resources will support the continued development of its carbon accounting and software suite, alongside its renewable energy marketplace.
Established in 2023, Renewabl offers tools for corporate buyers to monitor and match electricity consumption with hourly precision. The latest backing underscores growing market demand for auditable carbon-free energy solutions as regulatory compliance tightens.
From the founder
"More than ever, businesses seek traceability in clean energy commitments and alignment with ESG criteria set by over 80% of asset managers,"
JP Cerda
CEO and co-founder at Renewabl
Investor perspective
"It is our privilege to join the Renewabl team in their impressive growth story. Consuming clean electricity that matches on an hourly or 15-minute basis is fast becoming an imperative for net-zero-aligned companies – with good reason – whereas tracking and procuring this energy is a challenge,"
Mikael Myllymäki
Vice President and Head of Helen Ventures, Helen Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Mikael Myllymäki
Helen Ventures
Nicolas Milerioux
Encevo Group
Lisa Coca
Toyota Ventures
Alex Hook
Nesta
Enery
PortfoLion
Harveer Bharaj
QVentures
South Pole
Categories
About the company
Renewabl
Renewabl provides a data-driven platform for verifying and trading clean energy procurement.