VC-backed energy software firm Limejump sold to Shell

Magnesium Capital, Passion Capital, Starkraft Ventures and the Angel CoFund, which is backed by the UK government, have all invested in the startup in recent years. Limejump said it would remain independent and continue operating under its brand.

Previous funding
Limejump raised £3m in series-A funding in July 2017 in a round led by Starkraft and also backed by Passion, Angel CoFund and Magnesium.

In 2015, it raised £1.4m from Angel CoFund, JamJar Investments and Passion.

Company
Founded in 2013 and based in London, Limejump partners with demand and supply side participants of the energy grid. On the demand side, the company works with commercial and industrial customers to help them earn revenue by being flexible with their energy use. On the supply side, Limejump typically collaborates with small-scale energy generators to bundle flexibility that is then sold into the grid. Its main product is sold as software-as-a-service. It also has the largest portfolio of power batteries in the UK.

People
Limejump – Erik Nygard (CEO).

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• Topics
• Exits
• Technology
• UK / Ireland
• Passion Capital
• Magnum Capital Industrial Partners
• Trade sale