Piclo raises GBP 8.3m in Series B funding

Piclo, the UK based flexibility services marketplace, has raised GBP 8.3m in a Series B funding round co-led by Future Energy Ventures, the Germany based venture capital investment and collaboration platform of E.ON, and Clean Growth Fund, the UK based investment company, with participation from Green Angel Syndicate, the UK based angel investment syndicate, Toshiba Energy Systems & Solutions, the Japan based supplier of integrated energy and medical solutions, Sustainable Future Ventures, the UK based investment company, and Japan Energy Capital, the programme of SMAP Energy Limited, the UK based developer of a smart meter analytics platform.

Target – Piclo LTD

Buyer – Sustainable Future Ventures limited

Buyer – Future Energy Ventures Management GmbH

Buyer – Clean Growth Investment Management LLP

Buyer – Green Angel Syndicate 2 limited

Buyer – Toshiba Energy Systems & solutions

Buyer – Smap Energy limited

Seller – Shareholders

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