Participated · Equity · Jun 2022

Connected Energy develops technology to use second‑life vehicle batteries in commercial battery storage systems and is led by CEO Matthew Lumsden. The company has sixteen operational systems across Europe, located in Belgium, Germany, the Netherlands and the UK, with its largest installation at Cranfield University in Bedfordshire, England. It raised £15m in funding to expand operations and to accelerate development toward utility‑scale project development. Backers on the round included Volvo Energy, Caterpillar Venture Capital Inc., the Hinduja Group, Mercuria and OurCrowd alongside existing investors Engie New Ventures, Macquarie and the Low Carbon Innovation Fund. The company intends to deploy the new capital to grow its project pipeline and scale implementation of its second‑life storage solutions. No revenue or user metrics were disclosed in the article. Connected Energy specialises in reusing electric vehicle batteries to build grid‑scale energy storage systems. The company’s systems range from 300kW behind‑the‑meter units to a 12MW system currently in development, and it is partnering on projects such as a 300kW/360kWh system with Suffolk County Council using 24 second‑life Renault Kangoo batteries. Connected Energy is also leading the Smart Hubs project to integrate a 14.4MWh energy storage system with technologies for decarbonising heat, energy and transport. The business has secured a new £350,000 investment to ramp up its analytic capabilities. Management says the funding will be used to analyse performance data in more detail to improve system efficiency and increase battery life. The company reports its systems are growing in size, using a range of different batteries and providing more diverse services to customers.

Led · Equity · Jun 2019

Pavegen produces floor tiles that convert the kinetic energy of footsteps into electricity and capture footfall data, and is developing an ecosystem to reward people for steps on its walkways. The company has deployed installations across smart cities, retail, transport hubs and education institutions and reports a 15% engagement uplift at its first shopping‑centre deployment. Pavegen has expanded into 36 countries and reported £1.8m in revenue in 2018. It has a Memorandum of Understanding with Siemens to develop smart city projects and cites partnerships to accelerate deployments. The company emphasizes both the power‑generation and data aspects of its product and aims to make the technology ubiquitous in cities with partner support. Pavegen develops technology that converts footsteps into electricity to power services in high-footfall locations and to provide real-time data for analytics. The company has delivered over 100 projects across 30 countries, including installations at Heathrow Airport and Harrods. Pavegen has generated revenue of over Pavegen designs and manufactures floor tiles that capture kinetic energy from footfall and convert it into renewable electricity. The first prototype was developed in 2009 as part of founder Laurence Kemball-Cook’s final year university project. The company has completed installations across transport, retail, schools and offices in over 20 countries on three continents and has distributors in nine countries. Led by CEO and Founder Laurence Kemball-Cook and CTO Craig Webster, Pavegen employs a 25-strong team of designers, engineers and technicians. The company intends to use the recent funding to scale sales and streamline its tile to bring costs in line with high-standard flooring solutions. Pavegen Systems has developed an off-grid technology that converts the kinetic energy from footsteps into electricity. The generated electricity can be stored in batteries or used to power lighting, displays and signage. The company plans to use proceeds from its first funding round to scale up production. It is working with partners to supply their sites with the capacity to generate clean energy and to communicate those partners' commitment to a clean environment. Pavegen was founded in 2009 by CEO Laurence Kemball-Cook, an engineering graduate of Loughborough University. The company completed its first funding round with backers including London Business Angels members and a £210k commitment from Mark Randall of Renaissance Capital Partners; the total amount and instrument were undisclosed.

Led · Equity · Feb 2016

Mindmaze Therapeutics is a biotechnology company based in Lausanne. Public reporting around this financing describes the company entering a structured capital agreement with Neuro.io that includes both equity purchase and convertible debt. The firms are exploring a strategic rapprochement that could lead to a partnership or merger. Beyond the transaction details, the articles do not provide information on Mindmaze's products, revenues, user metrics, or founding year. Recent corporate activity is dominated by this two-tranche CHF 8 million deal with Neuro.io.