Company
Every investor coverage indicates participated in a round Powershop raised.
The transaction that ended Powershop's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Shell Energy | Acquisition | recently | - | Virescent Ventures portfolio, CEFC, gridcog.com |
| Shell | Acquisition | 24 Nov 2021 | ~$729m | SmartCompany, RenewEconomy |
Companies Powershop acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Ed McManus | CEO (former) | Virescent Ventures portfolio, CEFC, Startup News (WA), gridcog.com |
Stories naming Powershop. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of five Australian raises totalling $85 million: National Renewable Network's Series A, plus Syenta, Cuttable, SprintSuite and Bitwise Agronomy, with lead investors and expansion plans for each.
Melbourne adtech firm Cuttable has added $4.5 million to its seed round with Square Peg leading, taking total backing to $10 million and valuing the business at $44.5 million ahead of its US push.
Also Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily
Weekly roundup of three Australian raises: adtech firm Cuttable's seed round, Fundabl's equity round and SeenCulture's funding, naming investors, plus new Cuttable co-CEOs and a board appointment.
Energy software firm Gridcognition closed a $2.25 million seed round; CEFC committed $625,000 through its innovation fund alongside Alberts Impact Ventures, Afterwork Ventures and angel investors, taking total funding near $4 million.
Also Virescent Ventures·gridcog.com·Startup News (WA)·Startup News (WA)·Startup News (WA)
Shell's takeover of Powershop from Meridian Energy has upset green-minded customers; Environment Victoria cut ties, while renewable-focused retailers reported sign-up surges as defectors shop elsewhere.
Also SmartCompany
Greener, whose app offsets carbon emissions from consumer purchases, has raised a $1 million seed round to fund development and a national launch, and has signed over 50 brands to its program.
Also Startup Daily