UrbanChain, Manchester’s peer-to-peer energy platform, is poised for growth with KPMG leading its £50m+ Series B round.
- The company’s innovative model has driven 10-fold revenue growth in 2024, laying the groundwork for international expansion.
- UrbanChain is positioning itself as a future unicorn in the renewable energy sector, gaining significant attention from major investors.
- The recent appointment of industry expert Graeme Cooper marks a strategic step towards U.S. market entry.
- In recognition of its rapid growth, UrbanChain secured major accolades at the Deloitte UK Technology Fast 50 awards.
UrbanChain, a pioneering peer-to-peer energy exchange based in Manchester, has engaged KPMG to spearhead its Series B fundraising campaign, aiming to raise over £50 million. This decision aligns with UrbanChain’s strategic plan for aggressive scaling, underpinned by its substantial revenue growth which has increased tenfold to £25 million in 2024.
The company’s vision is to extend its innovative energy model beyond the United Kingdom, targeting international markets such as the United States and Europe. This ambition is backed by a dedicated team that has grown significantly, from 10 members to 75 by the year’s end.
UrbanChain is committed to reshaping the energy landscape with a focus on sustainability and decentralisation. The company’s approach includes creating local energy markets that detach consumers from volatile wholesale markets, establishing more stable pricing systems.
In a testament to its potential, UrbanChain was recently ranked third in Deloitte’s list of the fastest-growing tech companies in the UK, boasting an astounding growth rate of 8,810% over three years. The company also received awards for its leadership in clean technology and gender diversity in management.
Graeme Cooper, a seasoned energy professional, was recruited to accelerate UrbanChain’s expansion into the United States. His efforts are already underway across key states, aligning with the company’s mission to foster sustainable energy solutions globally.
UrbanChain’s founder and CEO, Somayeh Taheri, emphasises the company’s goal of making clean energy accessible to all by removing barriers in traditional energy markets. She sees the partnership with KPMG as crucial in attracting strategic investors who are committed to this vision.
With recent recognition from Deloitte and its new licensing as an official energy supplier, UrbanChain is well-positioned to deliver on its promise of driving towards a carbon-neutral future. Their technology integrates AI and blockchain to further enhance operational efficiency and customer engagement.
KPMG has reported considerable interest from potential partners, highlighting UrbanChain as a compelling investment opportunity due to its pivotal role in the renewable energy sector.
UrbanChain’s strategic developments and accolades underscore its commitment to transforming the energy industry.
