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Piclo

Deal Type
Deal Type
Fundraising
Vital Sector
Sector
Energy & Sustainability
Completion Date
Completion Date
28th March 2023
Deal Value
Deal Value
£8.3m

Company Background

Piclo Flex, the world’s largest flexibility marketplace, enables system operators to procure, dispatch and settle local flexibility services from flexibility service providers, such as EVs and batteries, to balance the grid during periods of constraint thus enabling smarter, more flexible and more sustainable energy networks. The flexibility solutions provided by Piclo’s marketplace platform will help deliver increased energy security at a lower cost and will play a crucial role more broadly in the decarbonisation of the energy system.

Deal Summary

Opus Corporate Finance LLP is pleased to have advised Piclo on its Series B fundraise. The funding round was co-led by Future Energy Ventures and Clean Growth Fund, with follower investors comprising Green Angel Syndicate (existing investor) and new investors Toshiba Energy Systems & Solutions, Sustainable Future Ventures and Japan Energy Fund.

Piclo deal contacts

Key members of the Opus Corporate Finance deal team crucial in the Piclo transaction

Stuart Schofield

Opus Corporate Finance

Joel Miller

Opus Corporate Finance

Daniel Barley

Opus Corporate Finance

Thalia Ilsen Nunn

Opus Corporate Finance