# Origami Energy

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

- Industry: Software
- Headquarters: Cambridge, UK
- Website: www.origamienergy.com
- Total disclosed funding: $76M
- Latest round: Series C (Jun 2, 2021)
- Investors on record: 4

## About

Origami Energy Ltd. is an innovative company specializing in Battery Energy Storage System (BESS) Management, providing an advanced platform that optimizes asset performance for energy sector stakeholders.Origami Energy Ltd., founded in 2013 and headquartered in Cambridge, UK, focuses on developing a Battery Energy Storage System Portfolio Management Platform. The company has completed 4 significant deals with the most recent one occurring on June 2, 2021, when it raised GBP 21.53 million in Series C funding led by Barclays, with participation from Aggreko plc, Cambridge Innovation Capital, and Octopus Investments. The current CEO is Peter Bance, who has a history of entrepreneurial involvement in the energy sector.Origami Energy Limited specializes in an independent Battery Energy Storage System (BESS) Portfolio Management Platform designed to optimize asset management for energy sector owners and operators. The platform integrates physical and financial aspects of energy storage, providing comprehensive visibility and facilitating actionable insights to enhance performance and maximize risk-adjusted returns. Key functionalities include robust supply chain management enabled by standardized third-party interfaces, allowing clients to select preferred suppliers. The platform serves energy asset owners, operators, and investors across the UK and Europe, addressing complexities in asset management within the evolving energy landscape.In 2023, Origami Energy Limited reported revenue of GBP 946,433. However, the company experienced an EBITDA loss of GBP 10,379,274.6 during the same year, reflecting challenges in operational profitability.Following its Series C funding round in June 2021, Origami Energy Ltd. plans to utilize the raised GBP 21.53 million to enhance its product offerings, expand its customer base, and scale operations for international markets. The company aims to introduce new features to its BESS Portfolio Management Platform and target expansion into additional European markets by 2024.

## Funding rounds

- Series C, Jun 2, 2021, $31M — Barclays, Cambridge Innovation Capital, Aggreko Ltd, Octopus Investments
- Series B, Mar 29, 2018, $26M — Cambridge Innovation Capital, Aggreko Ltd, Octopus Investments
- Series A, Mar 22, 2016, $19M — Cambridge Innovation Capital, Octopus Investments

## Investors

- Cambridge Innovation Capital (https://capitalatlas.ai/funds/cambridge-innovation-capital) — Series A, Series B, Series C
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Series A, Series B, Series C
- Aggreko Ltd — Series B, Series C
- Barclays — Series C