COMPANY PROFILE

Piclo

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A software company on a mission to make electricity cheap, clean, and abundant

London, United KingdomFounded 2013Energy

Valuation $25–50M Last recorded · 2023

Revenue $1–10M Latest reported FY

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Piclo

Piclo is dedicated to decarbonising the grid through advanced software solutions that enhance the intelligence, flexibility, and sustainability of energy networks. The company serves a diverse range of clients, including electric vehicle and battery owners, system operators, and distribution system operators. Operating in markets such as the UK, Ireland, Italy, Portugal, Australia, and the USA, Piclo's business model revolves around two core platforms: Piclo Max and Piclo Flex.

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Piclo Max is a market access platform that allows flex sellers to engage with all electricity markets from a single interface. Piclo Flex, on the other hand, is a marketplace for flexibility services, enabling system operators to procure flexible electricity during periods of high demand or low supply.

The company has successfully registered over 300,000 flexible assets, representing 22 GW of flex capacity, and has awarded flexibility contracts worth £74 million, procuring over 2.6 GW of flexible capacity.

Piclo's revenue model is likely based on transaction fees, subscription services, and possibly consultancy fees for custom solutions. The company has established a strong foothold in the UK, supporting all six Distribution System Operators and the Transmission System Operator, and is expanding its presence in Europe, the USA, and the Asia-Pacific region.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2013
Headquarters: London, United Kingdom
Employees: 27
Open positions: None listed
Dealroom signal: 61.5/100
Sub-industry: Energy Providers, Energy Efficiency, Energy Storage
Sector: Energy, Smart Grid, Sustainable Development Goals, Climate Tech, Grid Technology, EIT Supernovas, Hard Tech, Woman Founder, EIT Ecosystem
Technology: Deep Tech
Business model: SaaS
Client focus: b2b
Links: Website LinkedIn X

Knowledge graph

News, research, reports and resources connected to this company by Dealroom

Funding history

10 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
LATE VC✓Equity / VC	Aug 2024	$0	—	Clean Growth Fund · Future Energy Ventures · EDP Ventures	↗
SERIES B✓Equity / VC	Mar 2023	$11M	$44M	Clean Growth Fund · Toshiba · Japan Energy Fund · Sustainable Future Ventures	↗

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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth	Profit	Margin
2026
2025
2024
2023
2022
2021
2020		—

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Growth signals

Piclo website traffic

Latest recorded traffic for Piclo is 9.1K monthly website visits, down 9% over the last three months. Piclo's team declined 30.8% over the past year.

Latest monthly visits9.1K 3-month web change-9% 1-year team growth-30.8%

Monthly website visitsJan 2016–Jul 2026

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