Tech Company Financing Transactions

Leap Funding Round

On 10/14/2021, Leap landed $33.5 million in Series B funding from Park West Asset Management, Climate Capital and Congruent Ventures.

Transaction Overview

Company Name

Leap

Announced On

10/14/2021

Transaction Type

Debt
Venture Equity

Amount

$33,500,000

Round

Series B

Investors

Park West Asset Management (Lead Investor) (Tony Bartsh)

Climate Capital

Congruent Ventures

private investors (David Helgason)

My Climate Journey

National Grid

Silicon Valley Bank

Union Square Ventures (Nick Grossman)

Proceeds Purpose

Leap will leverage this capital to scale and develop its platform to meet the growing demand for market-driven grid services in markets across North America and beyond.

Company Information

Company Status

Private & Independent

Industry

Internet & IoT

Mailing Address

1700 Montgomery St. 200
San Francisco, CA 94111
USA

Phone

Undisclosed

Website

www.leap.energy

Email Address

Not Recorded

Overview

Leap allows every connected device to help balance the grid, and get paid for it. Access wholesale markets through a single API and help build the flexible, renewable grid of the future. During peak hours when demand for energy is high, grid operators offer financial incentives to reduce energy use in order to balance the grid.

Profile

Social Media

Company News

Facebook

YouTube

Management Team

Title

Name

Email & Social

Chief Executive Officer

Thomas Folker

Chief Operating Officer

Remco van den Elzen

VP - Bus. Development

Andrew Hoffman

VP - Bus. Development

Jason Michaels

VP - Marketing

Stefan Nagy

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Where The Data Comes From

We do our best to record every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.

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