£11.8M
Modo Energy raises £11.8m in Series A funding led by MMC Ventures to support international expansion
The London-based software provider secured backing from MMC Ventures, Triple Point Ventures, Fred Olsen, and Catalyst Capital.
Modo Energy
Modo Energy provides data analytics software for renewable energy assets.
£16.1MTotal raised
Modo Energy provides data analytics software for renewable energy assets. The platform helps operators and owners of grid-scale battery systems navigate market changes.
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Founders
Quentin Scrimshire
Co-founder
Quentin brings engineering and commercial experience from energy storage, power generation, and offshore wind. He currently serves as co-founder and CEO of Modo Energy.
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Tim Overton
Co-founder
Tim brings engineering and operating experience from his time at Fichtner Consulting Engineers and Modo Energy, where he serves as co-founder.
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Quentin Draper-Scrimshire
Co-founder
Investors
- £11.8M
- £3.2M
- £1.1M
Funding history
£3.2M
Fred Olsen led the pre-Series A round, which will fund European expansion and new product development.
£1.1M
The energy data startup raised capital from a consortium of investors led by Michael Liebreich to expand its analytics platform.