Piclo

Completed Date

2023-03-28

Sector

Energy & Sustainability

Deal Type

Fundraising

Value

£8.3m

Company bio

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.

Deal Contacts

Stuart Schofield

Stuart Schofield's avatar

Opus Corporate Finance is the exclusive British partner of Mergers Alliance

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