What is Piclo?
Piclo operates the Piclo Flex marketplace, a sophisticated digital platform that bridges the gap between Flex Providers and System Operators. By enabling technologies such as battery storage, electric vehicles, and renewable energy assets to provide essential grid services, the company addresses the growing stress on distribution networks. This marketplace model is essential for maintaining the delicate balance of supply and demand in an era of rapid decarbonization. By providing a transparent, low-cost mechanism for procuring flexibility, Piclo is effectively smoothing the transition to a more resilient and sustainable energy future, positioning itself as a cornerstone of modern grid management.
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 Japan Energy Fund, Future Energy Ventures, Clean Growth Fund, and Green Angel Syndicate
Key Investors in Piclo
Japan Energy Fund
A specialized investment vehicle backed by major Japanese corporations, focusing on decarbonization technologies and sustainable energy infrastructure across global markets.
Future Energy Ventures
A venture capital firm targeting digital, scalable start-ups that are actively transforming the energy ecosystem and accelerating the global transition to sustainable power.
Clean Growth Fund
A London-based climate venture capital fund dedicated to providing expert capital to early-stage clean tech entrepreneurs focused on addressing the climate crisis.
What's next for Piclo?
With this major enterprise-level funding, Piclo is well-positioned to scale its operations and expand its footprint in international energy markets. The strategic focus will likely center on enhancing the platform's algorithmic capabilities to handle higher volumes of distributed energy resources. As grid operators face mounting pressure to integrate intermittent renewables, Piclo's role as a neutral, independent facilitator will be paramount. Future growth will likely involve deepening partnerships with utility providers and expanding the geographic reach of the Piclo Flex ecosystem to support global climate targets and grid modernization initiatives.
See full Piclo company page
