Ener2Crowd Closes €1.2MM Round. Crédit Agricole Italia Also Participates

Ener2Crowd, the benefit corporation startup that developed the first Italian platform for environmental and energy lending crowdfunding, has successfully concluded a new funding round of 1.2 million euros, with participation from Crédit Agricole Italia, investing approximately 170,000 euros (see the press release here).

Ener2Crowd Background

Founded in 2018 by Niccolò Sovico, Giorgio Mottironi, Paolo Baldinelli, and Sergio Pedolazzi, Ener2Crowd has been operational since 2020.

In the same year, Ener2Crowd raised an initial pre-seed seed round of over 257,000 euros through an equity crowdfunding campaign on Opstart. 

Then, in January of the previous year, it closed a seed capital increase of 1 million euros. Notable participants in the round included:

• Family offices, such as Larry spa, the investment vehicle of Enrico Falck’s family.
• Tobago, an investment company focused on innovative solutions in the energy transition, founded by Carolina Franceschini and Igor Bovo.

Ener2Crowd Round Announced in December

The opening of this recent Ener2Crowd funding round was announced by Sergio Pedolazzi last December. He spoke about the startup’s experience as part of the ecosystem of Le Village by CA in Milan, the first innovation center opened in Italy by the French bank.

Other centers have been subsequently opened in Parma, Padova, and Sondrio (see also the interview with Andrea Riva, Head of Capital Markets & Open Innovation at Crédit Agricole, featured in BeBeez Magazine issue number 6 on May 15th).

Ener2Crowd Emphasizes the Value of Its Mission

Giorgio Mottironi, CSO and co-founder of Ener2Crowd, Chief Analyst of the GreenVestingForum (the forum for green alternative finance), and Special Assistant to the Secretary-General for Environmental and Scientific Affairs at the World Organization for International Relations (WOIR), emphasized the value of the Ener2Crowd mission and the significance of Crédit Agricole Italia’s investment in their company.

He stated, “Finding the right place where one’s ideas can be shared, put into action, and appreciated opens up limitless possibilities for attracting venture capital, even from institutional sources. And this is precisely the case with Le Village by CA Milano, where Ener2Crowd has established its headquarters for over two years.”

He added, “Crédit Agricole Italia’s investment in Ener2Crowd highlights the importance of our mission, which has been committed to realizing our foundational principle of democratic accessibility, aimed at building a sustainable future.”

European Expansion Plans

Regarding the recent developments of the platform, it was announced last year that Ener2Crowd would be expanding to Spain, where it has been operational since this year.

Furthermore, in December, Sergio Pedolazzi mentioned that the plan is to open Ener2Crowd in other European countries at a rate of one per year.

The platform is already collaborating with local communities and companies such as Enel Green Power (Scelta Rinnovabile project), Falck Renewables (Coltiviamo insieme project), and EDP Renewables, as part of its business development strategy.

Ener2Crowd Launches First Distributed Fund

Last June, Ener2Crowd also launched the first distributed investment fund in renewables. Its goal is to ensure a consistent allocation of resources (currently amounting to approximately 1.2-1.5 million euros per month) to support initiatives and companies dedicated to combating climate change and advancing the energy transition.

To date, Ener2Crowd has raised over 20 million euros and has 10,000 customers. With its new features for calculating carbon footprints and planning financial activities to achieve a net-zero condition, the platform aims to raise 100 million euros by 2024.

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(Featured image by Richard Dacker via Pexels)

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First published in Be Beez. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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