News | July 29, 2024

Wedlake Bell advises Renewabl Ltd on a multimillion pound seed round

Corporate partner Stephen Callender and senior associate Tom Boersma have advised Renewabl on a multimillion pound seed round. 

The round was led by Helen Ventures and supported by Encevo Group, Toyota Ventures, Nesta, and Enery, alongside a reinvestment from PortfoLion and QVentures. 

Renewabl’s advanced technology platform enables businesses to trace renewable energy to its source of generation and trade Renewable Energy Certificates with up-to-hourly precision. The platform also uses smart algorithms to analyse businesses’ consumption needs and highlight the most impactful clean energy available.

The proceeds of this funding round will enable Renewabl to develop its offer and platform with enhanced analytical tools, as well as expanding into Spain, Italy, France and Germany.

JP Cedra, CEO and co-founder of Renewabl, said: “We are incredibly grateful for the outstanding legal advice provided by Wedlake Bell during our recent investment round. Their expertise, diligence, and strategic guidance were instrumental in successfully closing this round. Wedlake Bell’s team navigated the complexities of the process with exceptional professionalism and efficiency, ensuring our interests were well-protected. Their support has been invaluable, and we look forward to continuing our partnership in the future”

Commenting on the transaction, Stephen Callender said: “It was a pleasure to once again work with JP Cedra and Nick Martyniuk and support Renewabl with its latest round. With energy use coming under increased ESG scrutiny, Renewabl’s platform will enable businesses to validate their clean-energy use and we look forward to seeing Renewabl thrive as the company expands into new markets.”