Renewabl Raises £1.1 Million in Pre-Seed Funding for Renewable Energy Platform
LONDON, 29 June 2023 – Renewabl, a London, UK-based climate-tech software company, recently announced that it has raised £1.1 million in Pre-Seed funding. The funding round was led by South Pole, QVentures, and Portfolion, with participation from Syndicate Room and a number of strategic angels. The company plans to use the funds to further develop its hourly-matched renewable energy certificate platform ahead of its European rollout.
Renewabl, led by CEO Juan Pablo Cerda and CTO Nikolaj Martyniuk, aims to enable companies across the UK and Europe to access hourly-matched certificates directly from hydrogen, hydro, wind, and solar assets on a 24/7 basis.
The platform, which is built using the latest technology and market knowledge, offers a traceable and time-stamped solution to guarantee the origin of energy certificates and ensure compliance with initiatives like CDP and RE100.
Renewabl's platform will be particularly valuable for organizations that are actively seeking sustainable solutions to reduce their scope 1, 2, and 3 emissions. As nearly all of the world's top 250 companies report on sustainability, Renewabl will serve as a critical tool to help these companies reach their sustainability targets and gain a deeper understanding of the provenance of their energy certificates.
CEO and Founder Juan Pablo Cerda expressed his excitement about addressing the pressing issue of greenwashing and providing answers to the questions that many corporate sector players are currently asking. He believes that Renewabl's platform will offer transparency, reassurance, and impact to companies striving to meet their sustainability goals.
Harveer Bharaj, Principal at QVentures, emphasized the importance of verifying energy origin and timing as corporate commitment to renewable energy continues to grow. Bharaj expressed his excitement in supporting Juan Pablo and Nikolaj as they revolutionize energy provenance for companies through Renewabl's 24/7 energy platform.
About QVentures: QVentures is a venture capital firm that provides direct investment opportunities and fund management. Their investor base consists of Family Offices, Institutional Investors, UHNWIs, and Cashed-out Entrepreneurs. QVentures has already participated in rounds totaling over £351 million in 115 start-ups, ranging from Seed to Series C.
Disclaimer: Investing in early-stage companies carries risks, and investors could potentially lose all of their money. Returns are not guaranteed. QVentures is targeted at sophisticated investors who understand and accept these risks. The tax treatment of investments depends on individual circumstances and may be subject to change. Past performance does not guarantee future results. Investors should seek independent advice if they are unsure about the suitability of any investment for their circumstances. QVentures does not warrant the accuracy or completeness of the information provided.
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