# Energetic Insurance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/energetic-insurance

- Industry: Insurance
- Headquarters: Boston, US
- Website: www.energeticinsurance.com
- Total disclosed funding: $9.7M
- Latest round: Series A (Sep 17, 2021)
- Investors on record: 10

## About

Energetic Insurance, Inc. is a Boston-based firm specializing in credit enhancement solutions for clean energy projects, providing essential insurance products that mitigate financial risk for investors and lenders.Founded in 2016 in Boston, US, Energetic Insurance, Inc. offers credit insurance policies aimed at supporting the financing of renewable energy initiatives. The company was established by James Bowen and Jeff McAulay, both of whom have extensive experience in the clean energy sector. Energetic Insurance has successfully completed 3 deals, with the latest being a Series A funding round in September 2021, raising USD 6.99 mn, led by Aster Capital and including contributions from notable investors like Atlantic Global Risk and MCJ. The total amount raised by the company to date stands at USD 6.99 mn.Energetic Insurance specializes in providing credit enhancement solutions that facilitate financing for new energy projects. Their primary offering includes credit insurance policies that protect lenders and investors against defaults by offtakers, thereby reducing credit risk and enhancing the bankability of clean energy projects. The company serves a diverse clientele including project developers, lenders, and sponsors across various sectors such as utility-scale and distributed solar, wind energy, energy storage, and electric vehicle charging, among others. Energetic Insurance aims to unlock project capital under optimal conditions, enabling a broader deployment of renewable energy projects across 46 states in the U.S.Energetic Insurance generates its revenue primarily through credit insurance solutions offered on a business-to-business basis. Project developers and lenders engage the firm to secure credit coverage, which accelerates deal closures and facilitates improved access to capital. The pricing of these services is closely linked to the specific risks associated with the insured projects. Their flagship product, EneRate Credit Cover, plays a crucial role in securing funding for a variety of energy solutions, reflecting the company's commitment to de-risking complex financial transactions to protect both lenders and investors.Following a Series A funding round in September 2021 which raised USD 6.99 mn, Energetic Insurance, Inc. plans to utilize the funds to expand its team and enhance its market presence. The company is focused on technology development, diversifying its product offerings, and targeting geographic expansion into new markets. Through these initiatives, Energetic Insurance aims to reinforce its position in the clean energy sector and support a wider range of renewable energy projects.

## Funding rounds

- Series A, Sep 17, 2021, $7M — MUUS, Aster Capital, Powerhouse Ventures, Clean Energy Venture Group, Congruent Ventures, Atlantic Global Risk, MS&AD Ventures, MCJ, SCOR P&C Ventures
- Seed, Apr 8, 2019, $2.7M — Powerhouse Ventures, Clean Energy Venture Group, Clocktower Technology Ventures, Congruent Ventures

## Investors

- Powerhouse Ventures — Seed, Series A
- Clean Energy Venture Group (https://capitalatlas.ai/funds/clean-energy-venture-group) — Seed, Series A
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Seed
- Congruent Ventures (https://capitalatlas.ai/funds/congruent-ventures) — Seed, Series A
- MUUS (https://capitalatlas.ai/funds/muus) — Series A
- Aster Capital (https://capitalatlas.ai/funds/aster-capital) — Series A
- Atlantic Global Risk — Series A
- MS&AD Ventures (https://capitalatlas.ai/funds/ms-ad-ventures) — Series A
- MCJ (https://capitalatlas.ai/funds/mcj) — Series A
- SCOR P&C Ventures (https://capitalatlas.ai/funds/scor-p-c-ventures) — Series A