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Fred Olsen

Fred Olsen

Corporate

Fred Olsen is an investment and business group with interests in renewable energy, wind farm development, forest management, and travel.

Portfolio

1

companies


Portfolio companies

Modo Energy

Modo Energy

Modo Energy provides data analytics software for renewable energy assets.


Team

LB

Lloyd Butterworth

Investor Director


Recent investments

Series A
£11.8M

The London-based software provider secured backing from MMC Ventures, Triple Point Ventures, Fred Olsen, and Catalyst Capital.

"We’ve diligently expanded our product offering while maintaining a close connection with our customers, delivering exciting and market-leading features. This investment from MMC Ventures is a testament to their faith in our products, our team, and the limitless potential Modo Energy’s solutions offer, shaping the future of sustainable energy for the better."
— Quentin Draper-Scrimshire, Co-founder
Seed
£3.2M

Fred Olsen led the pre-Series A round, which will fund European expansion and new product development.

"Fred Olsen and Triple Point are a great match for Modo Energy – they share our big ambitions around net-zero and the massive potential of data within this sector. They’re also completely aligned with our mission – to help companies achieve huge success with their energy storage assets. We’re seeing more and more companies incorporate an Asset Success mindset into their business strategy – particularly the leading funds and investors in the energy storage space. Asset Success is all about data transparency – understanding markets and assets, forecasting what comes next, and bringing this all together to enable informed, high-quality decision-making."
— Quentin Draper-Scrimshire, Co-founder