The Round
Gridcog closed a $14 million Series A led by ABB Electrification Ventures, with Axpo, DNV Ventures, VERBUND X Ventures, plus existing backers AlbionVC and Clean Energy Finance Corporation.
The company started in Australia in 2020 (Startmate-backed, founded by Fabian Le Gay Brereton and Pete Tickler, both ex-Greensense). They raised $675k initially, then £3.3M late seed in 2024. Now headquartered in London with offices in Berlin, Madrid, Perth, and Melbourne.
What They Sell
Digital twin software for energy projects: solar, storage, EVs. Replaces spreadsheets for developers and energy majors modelling hybrid renewable projects. Clients include Shell, Origin Energy, PwC. Used for 16,000+ projects across 40+ markets.
Le Gay Brereton says it is the only platform that optimises both physical and financial design simultaneously. DNV Ventures claims it turns weeks of modelling into hours.
The Sales Angle
Series A usually means sales team expansion. Gridcog serves enterprise clients (utilities, energy developers, consultants) across ANZ, Europe, and now targeting US entry.
Their buyer: technical decision makers at energy companies, backed by finance teams who need bankable project models. Deal cycles likely long (enterprise energy software), but sticky once deployed.
ANZ presence in Perth and Melbourne suggests territory coverage for Origin Energy and local developers. No public headcount data, but London, Berlin, Madrid offices point to growing sales org.
Market Context
Competing with legacy players like PLEXOS and Aurora Energy Research. Gridcog's pitch: multi-asset, multi-market complexity with real-time digital twin synchronisation.
Strategic investors (ABB, Axpo, DNV, VERBUND) span industrial electrification to energy trading. That is validation from buyers, not just financial investors.
Le Gay Brereton: "Flexibility is the hardest thing to model well." Translation: complex problem, enterprise budgets, long sales cycles, high switching costs once implemented.
What It Means
If you are selling into energy or climate tech: this is what Series A traction looks like. Real logos, strategic investors who are also potential channel partners, maintained ANZ footprint while scaling globally.
No comp data public yet, but enterprise SaaS sales roles in energy tech typically command strong OTE. Worth monitoring their LinkedIn for AE and SDR postings in Perth, Melbourne, or European offices.