Tech Company Financing Transactions
Modo Energy Funding Round
Modo Energy, based in Birmingham, secured $17 million from CIBC Innovation Banking.
Transaction Overview
Company Name
Announced On
7/21/2026
Transaction Type
Venture Equity
Amount
$17,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to invest in the platform and expand sales and marketing operations.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Alpha Tower Suffolk St. 20th Floor Queensway
Birmingham, B1 1TT
UK
Birmingham, B1 1TT
UK
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Modo was founded in 2019 with a simple mission: To transform the energy industry through transparency of data. Modo's founders, Quentin and Tim, believed that to transition to a carbon neutral world, organisations operating in the energy sector needed to be empowered to make the right decisions quickly.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Quentin Draper-Scrimshire
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