Energizing Fintech: Anthemis Invests in Solar Financing Startup, kWh Analytics

By September 7, 2016 September 16th, 2016 Blog

Today, I’m pleased to share the news of our latest investment, kWh Analytics, a leading provider of data analytics for the solar financing community.

The company has raised $5 million in a Series A to support its new product, PowerLock, which is designed to help lower the cost of capital for the solar market. We are excited to support a rapidly growing business, uniquely transforming financial services and redefining the energy business as we know it.

At Anthemis, our investment strategy has always been to focus on companies that pioneer technology-driven structural changes to the financial services industry. In our view, emerging financial markets need both a shared data language and risk appreciation to become prevalent asset classes.

Until now, these two critical components have been missing in the solar energy market. kWh was founded to bring new data to the solar industry. The company’s solutions analyze energy and credit data from industry stakeholders to generate insight into the performance of the solar asset class.

From inception, kWh built a unique industry database and toolset to help investors understand and improve solar investment performance. Not only do we believe solar is an amazing business opportunity, it is also an important problem to tackle. With the cost of solar energy production declining, and an increasing understanding of the necessity to change our energy production mix, we believe this market is poised for growth.

Richard Matsui and the kWh team have formidable experience in the solar energy market, having worked in the industry since its infancy. kWh is already working with some of the biggest names in the asset management space as well as global insurance carriers. Anthemis is excited to support them as they continue developing solutions that provide the necessary components to support growth in this expanding asset class.