Stark secures Series A investment from BGF to expand energy data analytics
BGF has backed the energy analytics provider in a multi-million-pound transaction.
Stark is an energy data and analytics provider that handles around 20 percent of the UK electricity supply daily. The firm employs more than 280 staff across four sites in the country.
Stark Software International has secured Series A funding from BGF to scale its operations and advance its sustainability objectives. The capital will support the enhancement of its data and metering services, alongside exploring opportunities in electric vehicle integration and net zero delivery. BGF completed the transaction as part of its ongoing investments in growing British enterprises.
The business manages roughly a fifth of the United Kingdom electricity supply and works with over 30,000 organisations. Alongside the investment, former PwC utilities head Steve Jennings has joined the board of directors.
From the founder
"The funding from BGF is a huge step forward in scaling the business, allowing us to meet our goal of empowering businesses to hit "net zero" emissions through clearer and more timely data and insights. BGF’s expertise in the field of cleantech and its commitment to sustainable investments made it the natural partner to facilitate our growth plans."
Joel Stark
Executive Chairman at Stark Software International
Investor perspective
"As an established, scalable business, with a mission to help energy users reduce their gas and electricity consumption, we are incredibly excited to be working with Stark. The company has an impressive management team that has built an industry leading data offering and consistently grown market share due to continued innovations in its service offering. We’re looking forward to working with Joel and the team to take the business to the next stage of its growth."
Tom McDonnell
Investor, BGF
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
Stark Software International
Stark provides energy data collection, metering, and analytics services to thousands of organisations.