Participated · Series A · Oct 2021

Energetic Insurance, founded in 2016, operates as a managing general underwriter (MGU) with initial capacity provided by SCOR Global P&C. The company created the EneRate Credit Cover policy, which covers default risk for payments made by commercial and other non-residential customers purchasing electricity through long-term power purchase agreements. It completed a $7 million Series A financing led by Schneider Electric Ventures, with participation from MS&AD Ventures, MCJ Collective, Atlantic Global Risk and several existing investors. Management says the new capital will be used to grow and streamline operations, expand its current offering, and enter new markets. Investors emphasized Energetic’s role enabling financing for the middle market and supporting the clean energy transition. The company positions its product as a tool to unlock finance for customers historically considered unbankable by tax equity investors or lenders. Energetic Insurance (also referenced as Energetic Capital) is a Boston-based MGU focused on serving the renewable energy industry with data-driven risk management products. The company announced EneRate Credit Cover, a credit insurance policy for commercial solar projects developed in partnership with Live Oak Bank and backed by Scor Global P&C. EneRate aims to protect developers against payment default by businesses on commercial and industrial projects, addressing the lack of public credit ratings among U.S. companies. Energetic says over 90% of U.S. companies lack a public credit rating, creating perceived risk for financiers that the policy seeks to mitigate. Founded in 2016 and led by cofounder and CEO James Bowen alongside Jeff McAulay, the company positions its product strategy to unlock growth in the renewable-energy sector. Financially, Energetic announced a $2.5M funding round to support its product development and go-to-market efforts.