# Pow.re Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pow-re-holdings

- Industry: Financial Services
- Headquarters: Montreal, Canada
- Website: www.pow.re
- Total disclosed funding: $9.2M
- Latest round: Series A (Feb 2, 2023)
- Investors on record: 3

## About

Based in Quebec, Canada, and founded in 2019 by Mike Blais-Cohen (CEO), SJ Oh (COO), and Ian Descoteaux (CTO), Pow.re Holdings Limited is a fintech company that provides proof-of-work digital mining services. In February 2023, Pow.re Holdings Limited raised USD 9.2 million in Series A funding led by investor Haru, with participation from Trinito and RFD Capital.

The company provides tools that help convert stranded energy into digital asset opportunities, giving digital asset miners access to low-cost energy sources. Furthermore, the company mitigates risk and provides opportunities and rewards by underwriting and executing transactions that connect energy producers with speculators, allowing speculators to hedge against uncertainties.

## Funding rounds

- Series A, Feb 2, 2023, $9.2M — Haru, Trinito, RFD Capital

## Investors

- Haru — Series A
- Trinito (https://capitalatlas.ai/funds/trinito) — Series A
- RFD Capital (https://capitalatlas.ai/funds/rfd-capital) — Series A