What is Piclo?
Piclo operates a leading independent marketplace designed to connect Flex Providers with System Operators for the procurement of local flexibility services. In an era where energy systems are increasingly decarbonized, decentralized, and diversified, the company's platform addresses the critical challenges faced by grids in maintaining the balance between energy supply and demand. Piclo's marketplace enables a range of technologies, including renewables, battery storage, and electric vehicles, to offer local flexibility to distribution networks. This capability is instrumental in smoothing the transition to a decarbonized future, ultimately contributing to more resilient and cost-effective grid operations.
How much funding has Piclo raised?
Piclo has raised a total of $10.1M across 1 funding round:
Series B
$10.1M
Series B (2023): $10.1M with participation from Green Angel Syndicate, Future Energy Ventures, Clean Growth Fund, and Japan Energy Fund
Key Investors in Piclo
Green Angel Syndicate
Green Angel Syndicate is a prominent UK-based angel syndicate specializing in climate-focused investments, supporting innovative companies that address environmental challenges.
Future Energy Ventures
Future Energy Ventures is a venture capital firm dedicated to investing in digital and scalable startups transforming the energy ecosystem and accelerating the energy transition.
Clean Growth Fund
The Clean Growth Fund is a London-based venture capital fund focused on providing capital to early-stage clean tech entrepreneurs to combat the climate crisis.
What's next for Piclo?
With the recent infusion of capital, Piclo is poised to further enhance its marketplace capabilities and expand its reach within the evolving energy sector. The company's focus on facilitating local flexibility services positions it at the forefront of grid modernization efforts. Future strategic initiatives are likely to involve deepening partnerships with technology providers and system operators, as well as potentially exploring new geographical markets. The ongoing drive towards decarbonization and grid resilience provides a strong tailwind for Piclo's continued growth and innovation in the clean energy technology landscape.
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