# Upside Energy

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

- Industry: Software
- Headquarters: Cheshire, UK
- Website: www.upsideenergy.co.uk
- Total disclosed funding: $7.3M
- Latest round: Series A (Dec 21, 2017)
- Investors on record: 4

## About

Upside Energy Limited is a company that provides innovative energy management solutions, focusing on optimizing energy consumption and enhancing demand response capabilities for diverse sectors across the UK and Europe.Founded in 2013 and headquartered in Cheshire, UK, Upside Energy Limited develops advanced software platforms that enable real-time energy monitoring and management. The company was established by Matthew Potts, who was previously involved in other ventures. In December 2017, Upside Energy completed a Series A funding round, raising GBP 5.5 million led by Bulldog Innovation Group, Legal & General Capital, Modern Energy Management, and SystemiQ. This round valued the firm at GBP 17.17 million post-money and was the second deal to date.Upside Energy specializes in energy management solutions that optimize consumption and enhance demand response across various sectors. Their offerings include state-of-the-art software platforms for real-time energy management, helping businesses and consumers control their usage effectively while supporting grid stability. These solutions cater to utility companies, commercial enterprises, and residential customers throughout the UK and Europe, addressing energy efficiency and sustainability challenges while enabling users to lower costs and reduce carbon emissions.In the most recent year, 2024, Upside Energy generated revenue of GBP 8,120,290.30, while reporting an EBITDA of GBP -4,536,144.80, indicating the company's financial dynamics as it continues to develop its offerings and client relationships.Upside Energy is focused on expanding its product lineup, with upcoming innovations aimed at enhancing energy efficiency and integration with smart grid technologies. The company plans to enter new markets, specifically targeting regions across Europe by 2025. The recent Series A funding of GBP 5.5 million will be instrumental in supporting these initiatives, facilitating product development and market penetration efforts.

## Funding rounds

- Series A, Dec 21, 2017, $7.3M — Legal & General Investment Management, Bulldog Innovation Group, SystemiQ, Modern Energy Management

## Investors

- Legal & General Investment Management (https://capitalatlas.ai/funds/legal-general-investment-management) — Series A
- Bulldog Innovation Group (https://capitalatlas.ai/funds/bulldog-innovation-group) — Series A
- SystemiQ (https://capitalatlas.ai/funds/systemiq) — Series A
- Modern Energy Management — Series A