Zeigo, an innovative energy tech platform which connects corporate energy buyers with renewable energy generators and suppliers, has closed a £800,000 Seed Funding Round led by Naruhisa Nakagawa, founder of Caygan Capital.
By providing access, transparency and data insights, Zeigo allows customers to promptly come to grips with the market and build a business case. The company will use the new capital to continue to scale strategically, further develop its award-winning tech platform and thereby further accelerate the green energy transition.
Given the current situation with COVID-19 where work has shifted to rely mostly on the digital space, tech-driven platforms like Zeigo make it easier for corporates to gain visibility on local clean energy markets and connect with generators without the need to be ‘on the ground’.
Zeigo’s founder & CEO Juan Pablo Cerda said: “As a young and disruptive startup, we are thrilled to have garnered support from a strong network of energy and technology investors who recognize Zeigo’s early achievements and our future business strategy.”
“We’re really proud to have the support of global investors from sustainability, energy and technology fields. This demonstrates that the real market opportunity is to become a scalable tech platform which can deliver a comprehensive renewable energy solution to our clients — corporate energy buyers and renewable generators.”.
As well as Caygan Capital, Zeigo attracted a second round of investment from new and existing angel investors. These included Green Angel Syndicate, a London syndicate investing in the Green Economy, ClearlySo — Europe’s leading impact investment bank, the Syndicate Room — a UK online equity investment platform and Earlymarket— a family office with an investment arm dedicated to early-stage technology start-ups.
Peter Gutman, an active individual investor in the energy sector and an advisor to Blue Bear Capital, a leading digital energy venture firm, has also become a shareholder, as is Paul Massara, ex-CEO of N Power, [https://zeigo.energy/blog/zeigo-appoint-paul-massara](who recently joined Zeigo’s Board).
Paul Massara said: “The commitment shown by our investors underlines the strength of Zeigo’s proposition and the business capabilities of JP Cerda and his team. I am really excited to be part of the Zeigo team as we seek to build a more transparent, efficient and informed market for renewables. As we transition to a low carbon economy, it is essential that the market is open to many corporates and developers and that the associated risk management tools are open to all.”
Set up in 2018, Zeigo is an energy technology business that has developed a high-tech platform that connects corporate energy buyers (private and public sector) with renewable energy generators and suppliers, to cut through the complexities of clean power procurement and help energy buyers source renewables from around the world.
In December 2019, Zeigo was named Renewable Technology of the Year by Business Green. Its business partners include Aurora Energy, Cornwall Insight and global tech law firm Bryan Cave Leighton Paisner, and its early customers include CBRE and Gatwick Airport.