UrbanChain has appointed KPMG to lead its ambitious fundraising efforts.
- The Manchester-based firm is targeting over £50 million in a Series B round.
- UrbanChain has experienced significant growth, with a 10x revenue increase in the last year.
- The company aims to expand internationally, including markets in the US and Europe.
- UrbanChain was recently recognized as the third fastest-growing UK tech company.
UrbanChain, a Manchester-based peer-to-peer energy exchange, has taken a significant step in its growth journey by appointing KPMG to lead its Series B fundraising round, targeting over £50 million. This move signifies its ambition to expand and enhance its position as a leader in the renewable energy sector.
Led by CEO Somayeh Taheri, UrbanChain has seen an impressive 10x growth in revenue over the past year. This financial boost will support its vision of expanding its technology internationally, with plans to roll out its proven model to the US and European markets.
The company is not just focused on growth; it aims to redefine energy consumption and distribution through its innovative technology ecosystem model. UrbanChain is investing in electric vehicles, electric heating systems, and grid management, driving towards a future of sustainable energy.
UrbanChain’s recent accolades further establish its credibility and market position. Named the third fastest-growing UK tech company by Deloitte, it also won several awards, including the CleanTech award and recognition for its leadership.
CEO Somayeh Taheri emphasizes that UrbanChain’s mission is to make clean energy accessible for everyone by establishing local energy markets. The recent developments and partnerships position the company to attract strategic investors concerned with sustainability and decentralization.
The company’s leadership, enriched by 300+ years of cumulative expertise, continues to push boundaries in achieving a decentralized energy ecosystem. Newly appointed energy veteran Graeme Cooper is spearheading operations in the US, engaging with regulators and partners across three states.
UrbanChain’s appointment of KPMG comes amid growing interest from potential investors. The renowned global firm is tasked with finding partners who align with UrbanChain’s progressive vision for renewable energy, making this an exciting phase for the company.
UrbanChain’s strategic partnership with KPMG marks a pivotal moment in its journey toward global expansion and sustainable energy solutions.