Origami raises £20.5m in Series C funding round led by Barclays
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June 16, 2021
Origami has announced that it has raised £20.5m of new funding to help drive its next phase of growth.
Barclays PLC led the round, investing as part of their Sustainable Impact Capital initiative, set up to back companies that are focused on sustainability and driving the transition towards net zero. Follow-on investment was provided by Origami’s existing shareholders, including Octopus Ventures, Aggreko, and Cambridge Innovation Capital.
Origami is a technology company on a mission to build a green energy world, powered by smart technology.
This new investment enables Origami to enhance its products, serve a growing customer base and scale-up for international markets. The success of this funding round also highlights the increasing investor appetite to back leading tech companies pursuing the reduction of global carbon emissions.
Peter Bance, CEO, Origami, said: “This investment recognises that with powerful real-time software solutions underpinning our emerging green energy systems, tackling the world’s greatest threat of climate change can also become the world’s greatest commercial opportunity. Barclays shares our vision and has a broad customer base in the UK and internationally, which includes many energy businesses. I am looking forward to working with them to help achieve our ambitious goals.”
Steven Poulter, Head of Principal Structuring and Investments, Barclays, said: “It is becoming increasingly clear that powerful digital solutions, like Origami’s, are critical enablers for maximising the potential of green energy assets such as renewables, batteries, and EVs. Their technology is essential for a successful and timely transition to a low-carbon economy, and the opportunity for Barclays to partner with such a compelling business in the world-class Cambridge Greentech ecosystem is an exciting prospect.”
Origami was advised by Silverpeak, the technology investment bank.
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