# New Energy Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/new-energy-financial

- Industry: Business Support Services
- Headquarters: Ireland
- Website: www.fincovi.com
- Total disclosed funding: $0.7M
- Latest round: Seed (Apr 3, 2020)
- Investors on record: 1

## About

New Energy Financial Ltd is a company specializing in renewable energy financial services, providing innovative solutions to optimize investment and management strategies for wind energy assets.New Energy Financial Ltd operates as an independent firm focusing on financial services tailored for the renewable energy sector, specifically wind energy. In May 2021, SkySpecs, Inc., acquired New Energy Financial Ltd from Western Development Commission. The acquisition is expected to enhance SkySpecs' capabilities in asset management and data analytics for wind farm operators. The company is headquartered in Ireland. The CEO of New Energy Financial Ltd is currently not available, and no additional information about the founder is provided.New Energy Financial Ltd offers a range of financial services designed for the renewable energy market, particularly focusing on wind energy projects. Their services include financial modeling, investment analysis, and advisory services that help clients make informed decisions regarding their renewable energy investments. New Energy Financial Ltd collaborates with various stakeholders in the wind energy sector, including project developers and asset managers, to provide tailored financial insights and strategies.New Energy Financial Ltd generates revenue through a service-based model, engaging clients in long-term contracts that involve financial consulting and management services for renewable energy projects. The company focuses on delivering customized solutions aligned with client needs, thereby establishing ongoing relationships with its clients in the renewable energy sector.Looking ahead, New Energy Financial Ltd aims to expand its service offerings and enhance its market presence in the renewable energy sector. The recent acquisition by SkySpecs, Inc. is expected to facilitate the integration of advanced data analytics and automation into their financial services, allowing for better management of wind energy assets. The company plans to leverage the EUR 0.600 mn raised during the Seed round in May 2021 to support these initiatives. Specific new products and services designed to optimize investment strategies will be introduced in the coming years, further enhancing the company’s capabilities in the fast-evolving renewable energy market.

## Funding rounds

- Seed, Apr 3, 2020, $0.7M — Western Development Commission

## Investors

- Western Development Commission (https://capitalatlas.ai/funds/western-development-commission) — Seed