Tech Company Financing Transactions
Peak Power Funding Round
Greenbacker Group, BDC Venture Capital and Export Development Canada participated in a $35 million capital raise for Peak Power. The round was announced on 5/18/2023.
Transaction Overview
Company Name
Announced On
5/18/2023
Transaction Type
Venture Equity
Amount
$35,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The financing will accelerate Peak Power's expansion of its energy storage platform, which includes optimization software and turnkey project development solutions across New York, Massachusetts, Virginia, and California
Company Information
Company Status
Private & Independent
Industry
Real Estate
Mailing Address
214 King St. West 210
Toronto ON, M5H 3S6
Canada
Toronto ON, M5H 3S6
Canada
Phone
Undisclosed
Website
Email Address
Overview
Peak Power was founded under the belief that battery energy storage has the potential to fundamentally disrupt the energy sector. CEO, Derek Lim Soo, had worked in the renewable energy industry long enough to see the growth of wind and solar, and in 2015 realized that storage would follow a similar trajectory.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Derek Soo
Chief Operating Officer
Matthew Sachs
Vice President
Jeremy Bower
Vice President
Benson Hu
VP - Bus. Development
Imran Noorani
VP - Bus. Development
Phil Raffi
VP - Bus. Development
Michael Skirzynski
VP - Engineering
Vishu Govindankutty
VP - Finance
Charanjit Singh
VP - Operations
David Atkinson
VP - Operations
Lucy Fan
VP - Product Management
Pativet Sathiensamrit
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