Tech Company Financing Transactions
Leap Funding Round
Union Square Ventures, Congruent Ventures and Elemental Excelerator participated in a $8.2 million Series A funding round for Leap. The financing round was announced on 1/17/2020.
Transaction Overview
Company Name
Announced On
1/17/2020
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$8,200,000
Round
Series A
Investors
Union Square Ventures (Lead Investor) (Nick Grossman)
Proceeds Purpose
The new funds will be used to enhance and expand operations in new markets and industries, and help grow the team in the United States and the Netherlands.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
1700 Montgomery St. 200
San Francisco, CA 94111
USA
San Francisco, CA 94111
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Leap allows every connected device to help balance the grid, and get paid for it. Access wholesale markets through a single API and help build the flexible, renewable grid of the future. During peak hours when demand for energy is high, grid operators offer financial incentives to reduce energy use in order to balance the grid.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Thomas Folker
Chief Operating Officer
Remco van den Elzen
VP - Bus. Development
Andrew Hoffman
VP - Bus. Development
Jason Michaels
VP - Marketing
Stefan Nagy
Browse more venture capital transactions:
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Next: 1/17/2020: Gentem venture capital transaction
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Where The Data Comes From
We do our best to record every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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