Origami Energy, a Cambridge, United Kingdom-based grid-scale energy management developer, raised £3.5m in funding.
Backers included Octopus Investments, Cambridge Innovation Capital (CIC), which provided £1.25m, and two unnamed angel investors.
The company intends to use the funds to accelerate its growth and build the capabilities to bolster its service.
Origami develops and provides a software-as-a-service (SaaS) platform manages the flows of energy and capacity between physical sites with power generation, energy demand and electricity storage allowing renewable energy generators, storage providers and energy users to trade with each other at a micro-grid level and maximize the value of their assets, creating a real-time marketplace for the distributed energy world.
FinSMEs
01/09/2014