London-based renewable energy investment platform PF Nexus has raised £625,000 in a seed funding round.
The raise was supported by Angel Investment Network, claimed to be the world’s largest online angel investment platform.
PF Nexus is creating visibility and connectivity across the world of renewable energy investment. With over 4,000 users from 2,000 clean energy developers, investors, lenders, and advisors, it has seen surging growth as the energy transition pushes forwards and countries aim for Net Zero emissions.
The company’s tech-enabled approach allows clean energy professionals to harness powerful AI and data-driven tools to discover, research, shortlist, connect and collaborate with one another. This results in an increase in the speed and quality of deal flow across the industry.
Customers include the likes of TotalEnergies, EDF Renewables, Softbank Energy, JP Morgan and Macquarie. With thousands of organisations connecting to discuss £4bn of live project deal flow on the platform, they have witnessed 1,000% user growth in a little over one year.
The fundraise will be used to double down on their subscription service, with an ambitious roadmap of powerful new features launching in the months ahead, and aggressive user growth targets for 2023.
“We are delighted that investors have supported our vision of a global ecosystem of connectivity for clean energy project developers, advisors, investors and lenders,” said Scott Gillam, co-founder and CEO.
“We are now the fastest growing platform for renewable energy projects, helping to bring together international market participants to successfully progress over 3GW of new utility-scale clean energy generation capacity in this past year alone.
“This reduces transaction friction and means that the market for renewable energy projects can flow faster and more efficiently than ever before.”
Matthew Louis, who led the raise for Angel Investment Network, added: “Helping PF Nexus with their raise was a fantastic opportunity for AIN to help unblock bottlenecks in sustainable infrastructure deal flow.
“Investors saw the need and opportunity for this tech-driven approach to raising investment. Scott and Mike are passionate founders who are helping bring visibility across the world between project owners and institutional capital.”
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