News & Events
Marathon Capital Advises GridBeyond on its €52M Series C Financing
April 16, 2024
April 16, 2024
Distributed Energy
Equity Capital Markets
Marathon Capital Ltd. (“Marathon Capital”) is pleased to announce it has advised GridBeyond, the leading intelligent energy and smart grid platform provider for distributed energy resource management, on its €52M Series C financing round led by Alantra’s Energy Transition Fund, Klima. The Series C round also included new and returning investors Energy Impact Partners, Mirova, Act Venture Capital, ABB, Constellation and Yokogawa Electric Corporation.
The funding will be used to expand GridBeyond’s technology, build on its capability in optimising assets surrounding demand response, storage and renewables, as well as support grid operators and local utilities to maximise the use of flexible assets and low-carbon technologies rapidly integrating into the system through the electrification of heat and transportation. These enhancements demonstrate GridBeyond’s commitment to achieving a zero-carbon future and will support its expansion into new markets as regulatory environments and renewable penetration levels progress.
Disclaimer
Marathon Capital is authorised and regulated by the Financial Conduct Authority (“FCA”). Marathon Capital´s firm reference number is 957356. FCA regulated activities include advising on investments (except on pension transfers and pension opt outs), arranging deals in investments, making arrangements with a view to transactions in investments as defined in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001and where regulation is undertaken by the FCA.
