# Leapfrog Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/leapfrog-power

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.leap.energy
- Total disclosed funding: $45M
- Latest round: Series B (Nov 21, 2023)
- Investors on record: 14

## About

Leapfrog Power, Inc. is a US-based company that provides an innovative platform enabling technology providers to develop Virtual Power Plant (VPP) solutions, facilitating seamless access to energy markets and optimizing grid services for diverse applications.Founded in 2017 and headquartered in San Francisco, US, Leapfrog Power, Inc. specializes in energy technology solutions. The company has successfully completed a total of 9 deals, with its most recent funding round occurring on November 21, 2023, when it raised USD 4.25 mn in a SERIES B funding round led by Presidio Ventures. This round values the company at USD 72.81 mn post-money. The founder, Remco Van Den Elzen, has a background in energy solutions, although further details on previous ventures are not specified.Leap offers a comprehensive platform that enables technology providers to develop and scale Virtual Power Plant (VPP) solutions under their own brands. This platform facilitates fast, automated access to energy markets and programs for a diverse array of grid-interactive technologies, including battery storage systems, smart buildings, and electric vehicle (EV) charging solutions. By integrating seamlessly with existing systems and requiring no additional hardware, Leap's software-only solution allows partners to maximize grid services revenue and capture new value streams. The company primarily serves clients in the energy technology sector, including residential and commercial customers in North America and Europe, who seek to enhance their participation in demand response and grid services programs.Leap generates revenue through partnerships with technology providers, who utilize its platform to access energy markets and optimize the performance of their grid-interactive technologies. The company engages in a B2B transaction structure, where revenue is derived from subscription fees or transaction-based fees based on the services rendered. Clients leverage Leap’s platform to enroll resources, manage dispatch, and receive compensation for their contributions to the grid, creating a streamlined process for revenue generation. The flagship offering, the Leap Platform, is central to these operations, allowing for integration with various energy solutions while ensuring compliance with market requirements. This transaction model not only supports revenue growth for Leap but also enhances the financial viability of its partners in the rapidly evolving energy landscape.In November 2023, Leapfrog Power, Inc. raised USD 4.25 mn in SERIES B funding, which will be used to expand its operations. The company plans to launch new products aimed at enhancing their platform's capabilities, specifically targeting markets in North America and Europe for further expansion by 2024. The recent funding will facilitate this growth strategy, allowing Leap to enhance its offerings and customer reach.

## Funding rounds

- Series B, Nov 21, 2023, $4.3M — Presidio Ventures
- Series B, Jun 28, 2023, $12M — Union Square Ventures, DNV, Congruent Ventures, National Grid Partners, Standard Investments, Sustainable Future Ventures
- Series B, Jun 18, 2021, $21M — Union Square Ventures, Park West Asset Management, Congruent Ventures, National Grid Partners, Williams Trading, LLC, MCJ, Climate Capital
- Series A, Dec 6, 2019, $7.4M — Union Square Ventures, Powerhouse Ventures, FJ Labs, Congruent Ventures, Elemental Impact, National Grid Partners

## Investors

- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A, Series B
- Powerhouse Ventures — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- Congruent Ventures (https://capitalatlas.ai/funds/congruent-ventures) — Series A, Series B
- Elemental Impact (https://capitalatlas.ai/funds/elemental-impact) — Series A
- National Grid Partners (https://capitalatlas.ai/funds/national-grid-partners) — Series A, Series B
- Park West Asset Management — Series B
- Williams Trading, LLC — Series B
- MCJ (https://capitalatlas.ai/funds/mcj) — Series B
- Climate Capital (https://capitalatlas.ai/funds/climate-capital) — Series B
- DNV — Series B
- Standard Investments (https://capitalatlas.ai/funds/standard-investments) — Series B
- Sustainable Future Ventures (https://capitalatlas.ai/funds/sustainable-future-ventures) — Series B
- Presidio Ventures (https://capitalatlas.ai/funds/presidio-ventures) — Series B