Spine Energy raises $3M seed to scale renewable asset platform
What's the deal? Spine Energy TechnologyDealroom has a profile for this one. Try Dealroom →, a UK-based B2B software company, has raised $3 million in seed funding. The round was co-led by two undisclosed UK-based family offices, with existing investors also taking part.
What's the endgame? Spine builds a technology platform for renewable energy asset managers. The capital will fund product development, expand its engineering team, and support customer growth as it works towards deploying the platform internationally.
Why now? Founder and chief executive officer Peter Bance called the raise "an important milestone for Spine as we continue to scale our business and enhance our technology offering." UK law firm Stevens & BoltonDealroom has a profile for this one. Try Dealroom → advised on the round.
The signal: At $3 million, the round sits above most seed deals by size, a sign that investors see pull in software for the fast-growing renewable energy sector.
Read more: stevens-bolton.com
Image credit: Spine Energy Technology
